August 20, 2019
How to Measure the ROI from Your HR Software
This is a guest post by Dave Foxall.Just to establish the obvious: you didn’t buy your new HRMS as a pleasing ornament, nor as a way of ‘keeping up with the Joneses’ – you bought a new HRMS as a business investment and as such, you hope for (need!) to see a return on that investment. Maybe that return is purely financial, including reduced HR costs and overheads, or perhaps you’re looking for greater efficiency – the most popular reason for implementing HR tech cited in a recent survey from Software Path. But if you want to prove that return – to a doubtful C-suite, perhaps – you’re going to have to roll up your sleeves and measure it.