Return on Investment (ROI) Calculator
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According to SHRM Human Capital Benchmarking Report 2016, the average cost per hire for companies is $4,129. While according to Training Industry Quarterly, it takes at least 1 to 2 years before an employee is ‘fully productive’.
In many industries the costs are even higher, often because the education of the employees (sometimes even from scratch) has to be directed by the company. This raises the costs of new employee even more, and scaling the business is undermined by the team not growing fast enough.