Return on Investment
This graphic illustrates how an actual TalentScope customer was able to attain a 450 percent return on investment through reduced recruitment costs alone just five months after implementing TalentStudio. Armed with fully integrated data from multiple corporate sources in TalentStudio, this company was able to create analyses that identified internal talent to fill 40 percent of vacated positions. These analyses also helped management reduce the employee attrition rate by 3 percent by identifying high performing individuals in the company. Management could then be proactive in managing these employees so that they would not want to leave the company.
As a result this company benefited by:
- Saving $3 million by eliminating the need to recruit for the vacant positions
- Boosting productivity because they did not have to spend time recruiting
- Applying the hard dollars saved back to bottom line and operational expenses
"With TalentStudio you can take the view of your organization—what you need or are planning for—or you can take the view of your best people--what they want and are hoping for." Healthcare Provider
How much return on investment can an organization attain – and how fast – with TalentStudio? Understanding that ROI varies according to each organization’s unique situation, TalentScope has developed a workshop to help you determine ROI before you sign on the dotted line. You’ll have realistic numbers in a solid business case to present to your CFO when you decide to move forward with a TalentStudio implementation.
Benefits
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