ROI Calculator

Quality of Hire

Step 1 of 3

Percentage of Bad Hires Avoided
with Reference Checking Process

Bad hires avoided

Average annual salary (fully loaded)

Number of hires per year

Cost of a bad hire (% salary)

Savings per year

SkillSurvey Impact

Total Savings

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SkillSurvey

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Note: Percentage values must be entered as whole numbers and not as decimals (i.e 1% = 1, 100% = 100).

Typical value is between 1-5%

Typical range between 50-150%

ROI Calculator

Process Efficiency

Step 2 of 3

Number of applicants to be reference checked per job opening

SkillSurvey

Phone

Typical number of references checked per applicant

Average minutes to complete one reference check (per reference)

Average minutes to complete reference (per applicant)

Recruiter Costs

Cost for recruiter (Salary and Benefits)

Per hour based on 40-hour week

Cost per minute

Total number of job openings per year

Total time spent on reference checks (days)

Cost per candidate reference checked

Total annual activity-based cost

Cost Savings per year by using SkillSurvey

Number of days recruiting team saves using SkillSurvey

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What percentage of references are collected
for future candidate sourcing?

Total references captured per year

Net references per job filled

Value of a recruiting lead
(sourcing budget/applicants)

Value of total passive sourcing database

Value of SkillSurvey passive sourcing benefit

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Note: Percentage values must be entered as whole numbers and not as decimals (i.e 1% = 1, 100% = 100).

ROI Calculator

Sourcing Candidates

Step 3 of 3

SkillSurvey

Phone

Average number of candidates
reference checked per job opening

Number hires annually

Average number of references per candidate

Total references per job filled

Typical value between $2-$5

Potential Savings Total

Candidate Sourcing

Improve Efficiency

Improve Quality of Hire

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Return on Investment
Analysis

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Financial
Savings

Business Process
Improvements

ROI Calculator

SkillSurvey Impact

Bad hires likely avoided

Days of recruiting time gained

References to be recruited

If you would like to learn more about how to improve your quality of hire,
click here to read about Poudre Valley Retention and Validity Study

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