(Strategic reports for senior Management):
management (New Hire, Terms, etc.):
documents management (I-9, W-4 etc):
enrollment (and Post Enrollment) activities:
Please estimate the
number of hours spent by the entire HR/Benefits and Payroll Department each
Year on the following activities:
Step 4 - ROI Analysis
are costing your HR department the following soft costs annually:
First year estimated cost of
using the EnLinc HRIMS is:
First year estimated cost
savings using the HRIMS is expected to be (Based on 50% time/cost
Under these assumptions, the
HRIMS will pay for itself in the following number of months:
annual cost of using the EnLinc HRIMS system:
Your ongoing (after first year)
annual estimated cost savings using the EnLinc HRIMS is expected to be:
statistics, an average 300-person company with a 22 percent turnover
generates about 3,300 new-hire and termination documents per year.
These documents include HR
forms such as I-9's, reviews, time cards, W-4's,
resumes, confidentiality agreements, non-complete contracts, HIPAA
insurance applications and so forth.
The average document is
either physically or electronically copied as many as 11
times. The cost of this activity is approximately
The average document costs
about $25 to file.
The average cost of
retrieving a misfiled document is about $153.
Furthermore, approximately 25% of all misplaced documents are
According to an
ROI study conducted by Cedar Enterprise Solutions (Baltimore
an HR consultancy, online system implementation will
deliver the following savings: a 50 percent reduction in cycle
time, a 60 percent reduction in cost per transaction, a 75
percent reduction in inquiries made directly to HR and a 100
percent payback in one year.