Measuring the return on investment (ROI) of talent management technology is a complex endeavor, requiring a monetary value to be assigned to each task that’s minimized or eliminated when dozens of manual processes are completely or partially automated.
But how do you know how much an institution can save by switching to electronic I-9 forms, eliminating searches for file folders, shrinking time commitments for search committee members, and more?
You go to the experts.
Third-party research organization Hobson & Company recently calculated the ROI of SelectSuite® and made astonishing claims — including that the talent management solution for higher education delivers a full ROI in just one month.
That conclusion was drawn from conversations with customers and complex calculations of the savings made possible through process improvements, using a proven research process developed over 15 years, said Erika Blacutt, partner at Hobson & Company.
“The study breaks down into three main phases,” she said. “The internal research phase, the external research phase, and the build phase.”
Each phase allowed Hobson & Company to better understand and verify SelectSuite’s benefits and value.