--- title: The ROI of Employee Onboarding Software description: Unlock an HR profit center with employee onboarding software. Learn how effective onboarding boosts productivity, reduces turnover, and offers high ROI. image: https://blog.hiringthing.com/hubfs/Evaluating%20the%20ROI%20of%20Employee%20Onboarding%20Software.jpg --- [![HiringThing-Teal-Green](https://blog.hiringthing.com/hs-fs/hubfs/Graphic%20Elements/Logos/HiringThing-Teal-Green.png?width=1686&height=270&name=HiringThing-Teal-Green.png "HiringThing-Teal-Green")](https://hiringthing.com) Open main menu Close main menu - [Blog](https://blog.hiringthing.com/) - Platform Open the submenu - Products Open the submenu - [Applicant Tracking](https://www.hiringthing.com/white-label/applicant-tracking-system/) - [Employee Onboarding](https://www.hiringthing.com/white-label/employee-onboarding/) - [Workflow Management](https://www.hiringthing.com/white-label/workflow-management/) - Overview Open the submenu - [White Label](https://www.hiringthing.com/white-label/) - [Partner Experience](https://www.hiringthing.com/partner-experience/) - [Developers](https://www.hiringthing.com/developers/) - [Integrations](https://www.hiringthing.com/integrations/) - [Security](https://www.hiringthing.com/security/) - Solutions Open the submenu - Industries Open the submenu - [HR Technology](https://www.hiringthing.com/white-label/hr-technology/) - [PEO & ASO](https://www.hiringthing.com/white-label/hr-organizations/) - [HR Consulting](https://www.hiringthing.com/white-label/hr-consulting/) - [Staffing](https://www.hiringthing.com/white-label/staffing/) - [Construction Software](https://www.hiringthing.com/white-label/construction/) - [Franchise](https://www.hiringthing.com/white-label/franchise/) - [Associations](https://www.hiringthing.com/white-label/associations/) - Company Open the submenu - [About Us](https://www.hiringthing.com/company/) - [Careers](https://careers.hiringthing.com/) - Compare HiringThing Open the submenu - [HiringThing vs. JazzHR](https://www.hiringthing.com/hiringthing-vs-jazzhr/) - [HiringThing vs. ICIMS](https://www.hiringthing.com/hiringthing-vs-icims/) - [HiringThing vs. GoHire](https://www.hiringthing.com/hiringthing-vs-gohire/) - [Press](https://www.hiringthing.com/company/press/) - [Contact Us](https://www.hiringthing.com/company/contact-us/) - Log In Open the submenu - [Applicant Tracking](https://login.hiringthing.com/users/login) - [Employee Onboarding](https://app.hiringthing-onboarding.com/signup) - [GET STARTED](https://www.hiringthing.com/private-label/discovery) [The State of HR Tech](https://blog.hiringthing.com/tag/the-state-of-hr-tech) # The ROI of Employee Onboarding Software ![Pat Brothwell](https://blog.hiringthing.com/hs-fs/hubfs/1621426681866%20(1).jpg?width=45&name=1621426681866%20(1).jpg) [Pat Brothwell](https://blog.hiringthing.com/author/pat-brothwell) [Share this blog post on Twitter](https://twitter.com/intent/tweet?text=I+found+this+interesting+blog+post&url=https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software) [Share this blog post on Facebook](http://www.facebook.com/share.php?u=https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software) [Share this blog post on LinkedIn](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software) ![](https://blog.hiringthing.com/hubfs/Evaluating%20the%20ROI%20of%20Employee%20Onboarding%20Software.jpg) Effective employee onboarding is crucial for the success of any organization. It sets the tone for an employee's journey within the company and significantly impacts their productivity and engagement. Summary - [Employee onboarding software](https://blog.hiringthing.com/maximizing-employee-onboarding-software) improves productivity, engagement, and compliance when deployed with clear KPIs. - Setting ROI-focused KPIs before purchase helps organizations measure onboarding software effectiveness and renewal value. - Key ROI metrics include time saved, error reduction, productivity gains, compliance improvements, and cost savings. - Employee satisfaction and retention rise significantly with strong onboarding, making it a measurable ROI driver. - Without proper deployment, training, and employee buy-in, even the best onboarding software can underperform. ## Employee Onboarding Software is Extremely Beneficial If Deployed Correctly More organizations are increasingly turning to employee [onboarding software](https://www.hiringthing.com/private-label/employee-onboarding/) to streamline and enhance the [onboarding process](https://blog.hiringthing.com/guide-to-meaningful-employee-onboarding). Onboarding software not only simplifies the administrative tasks associated with onboarding for both employers and new employees. For instance, automating onboarding tasks can result in an [18% improvement](https://elearninginfographics.com/onboarding-new-hire-statistics-need-know/)in initial performance, but can help [build seamless onboarding](https://blog.hiringthing.com/building-user-friendly-software) that boosts employee engagement, reduces turnover, and fosters a sense of belonging. HR tech is a significant investment, and organizations want to make sure it’s working (especially considering that [39% of organizations](https://www.blissfully.com/saas-trends/2019-annual/) plan to replace the bulk of their [SaaS applications](https://www.hiringthing.com/private-label/vertical-saas/)with platforms that have better functionality). How do you measure employee onboarding software's return on investment (ROI)? ## Setting Employee Onboarding Software ROI KPIs ### Set KPIs Before Purchasing Any HR Tech Before investing in any [new HR tech](https://www.hiringthing.com/private-label/hr-technology/), set KPIs to determine if the technology meets your goals. This approach helps establish clear objectives for the investment and assess its effectiveness when it's time to renew subscriptions. Setting measurable KPIs, defining timelines for achieving each KPI, and determining beforehand what constitutes success and failure, aids in evaluating ROI. Additionally, consider the price factor in ROI, ensuring the investment is recouped. Employee onboarding software automates many aspects of the onboarding process, from document management to training modules. It ensures a smoother, more efficient onboarding experience, allowing HR teams to focus on more strategic tasks. Setting KPIs should take these things into consideration. *It’s worth noting that for HR tech to work,” says Jess Tejani, COO at HiringThing, “it [must have the](https://blog.hiringthing.com/software-features-hr-tech-users-want-2024)*[*features*](https://blog.hiringthing.com/software-features-hr-tech-users-want-2024) *that will help your organization hit your business goals and be deployed correctly.”* ### Realize What Matters To You When determining ROI, consider the use case of the HR tech. Evaluate whether the technology is an absolute necessity for your business or simply an add-on to enhance employee value. Different KPIs may be more significant depending on the essential nature of the tech to your operations. Keep in mind that these metrics are subjective. Employee satisfaction might be a top priority for some organizations but not for others, and that's perfectly fine. Recognize that your company's mission and values will influence which KPIs contribute to the overall ROI. ## Important Employee Onboarding ROI Metrics - [Time Saved](https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software#time-saved) - [Improved Productivity](https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software#productivity) - [Reduction in Errors](https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software#errors) - [Compliance](https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software#compliance-risk) - [Cost Savings](https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software#cost-savings) - [Employee Usage](https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software#usage) ### Time Saved One of the most tangible benefits of onboarding software is the time saved during the onboarding process. If you haven't automated onboarding yet or are considering a new vendor to save more time, document the duration of your current process to have a benchmark for comparison. Reduced onboarding time directly translates to increased productivity and cost savings. Calculate the hours spent on paperwork, training sessions, and administrative tasks before and after implementing the software to measure the impact. ### Improved Employee Productivity Onboarding software can really transform new hire productivity. Organizations with [effective employee onboarding](https://blog.hiringthing.com/onboarding-statistics-you-should-know)have an average of 33% higher employee engagement. They also see a 70% increase in new hire productivity. Track the productivity levels of new hires before and after the implementation of the onboarding software. Are employees reaching their full potential more quickly? Increased productivity can clearly indicate the software's impact on employee performance. ### Reduction in Errors Manual data entry is prone to errors, making it essential to have a baseline. Keep track of where errors occur or have historically happened. While this may seem tedious, it's the best way to determine whether the software you adopt is effective. Measure the reduction in errors after [implementing onboarding software](https://blog.hiringthing.com/must-haves-for-building-employee-onboarding-software) to assess its impact on data accuracy and legal compliance. ### Mitigated Compliance Risks Compliance issues can arise from incomplete or inaccurate information. Ensuring compliance is not just about ticking boxes; it's about protecting your organization from legal risks and financial liabilities. Employee onboarding and [workflow management software](https://blog.hiringthing.com/workflow-software-unlocks-compliance-confidence) can significantly contribute to compliance efforts, but how do you measure its ROI in this regard? - **Reduce Violations:** Track pre- and post-implementation compliance incidents to measure reduction. - **Time Saved:** Calculate hours saved on compliance tasks for cost efficiency. - **Audit Efficiency:** Assess time and effort reduction in audit preparation. - **Penalty Avoidance:** Estimate potential fines and legal fees prevented by compliance. - **Training Completion:** Monitor completion rates of mandatory training for compliance readiness. Comparing these metrics against software costs reveals the software's ROI in compliance. ### Employee Satisfaction and Retention Happy employees are more likely to stay with a company, and good onboarding [increases employee retention by 82%](https://brandonhall.com/the-great-onboarding-how-social-and-collaborative-learning-can-create-rapid-alignment/) and [new hire retention by 52%](https://blog.clearcompany.com/how-does-onboarding-improve-employee-performance-and-workforce-retention). Conduct surveys or gather feedback to measure employee satisfaction with the onboarding process. Additionally, analyze [retention rates](https://blog.hiringthing.com/employee-retention-statistics) to determine if the software contributes to retaining talent within the organization. This approach helps identify recurring issues and areas for improvement in the onboarding process. ### Cost Savings Companies can save money by automating their [document management](https://www.efilecabinet.com/): an average of $20 per paper on filing, $120 spent on looking for lost documents, and $220 spent on recreating lost documents. Consider the cost of paper, printing, and administrative tasks associated with traditional onboarding. Compare these costs with the investment in onboarding software, including licensing fees and implementation costs. The goal is to achieve a positive balance between cost and efficiency. You also want to include costs associated with [employee turnover](https://blog.hiringthing.com/employee-retention-starts-day-one) and retention. Replacing an employee costs 33% of their salary, and this includes a drop in productivity as well as the costs associated with recruiting, hiring, and onboarding. ### Employee Usage and Buy-in Keep in mind that KPIs are subjective, and monitoring employee usage and engagement is crucial to determine if the tool provides real value. If employees aren't using the software for specific reasons, it may not be a wise investment. Team buy-in is essential for the success of any HR tech tool. Usage largely depends on the [onboarding](https://blog.hiringthing.com/employee-onboarding-software-enhances-the-employee-experience)and training your team receives, the customer service available to them, and their understanding of the importance of the new HR tech. Even the best software needs proper support and education to be effective. ## Hypothetical Case Study: XYZ Corporation Let's examine a hypothetical case study of XYZ Corporation to illustrate the practical application of measuring ROI for employee onboarding software. XYZ Corporation implemented onboarding software, which reduced onboarding time by 30%, increased employee productivity by 20% within the first month, and reduced compliance-related issues by a significant 15%. The software also contributed to a 15% improvement in employee satisfaction scores and a 10% decrease in turnover. By calculating the time saved, productivity gains, and reduced costs, XYZ Corporation determined that the ROI for their employee [onboarding software](https://blog.hiringthing.com/white-label-onboarding-software-gives-you-a-competitive-advantage) was realized within six months of implementation. ## Conclusion Measuring the ROI for employee onboarding software involves a comprehensive analysis of time saved, productivity improvements, error reductions, employee satisfaction, and cost savings. Organizations must carefully track these metrics to assess the software's efficiency and bottom line impact. A well-implemented onboarding software solution can not only streamline processes but also contribute significantly to a company's success and growth. *At HiringThing, we just launched our new white label employee onboarding solution. If employee onboarding can help your business or offering employee onboarding can help your customer base save time, improve productivity, improve employee satisfaction, and save money, set up a chat with one of our partner development representatives today.* [![Check Out Our Employee Onboarding ](https://no-cache.hubspot.com/cta/default/9445952/interactive-153405416754.png)](https://blog.hiringthing.com/hs/cta/wi/redirect?encryptedPayload=AVxigLKjWTdH4nz7YiOJIwVOrAdH6LyaauLIceegfpwe1AUSgqW3O1q5FlCdRbmcJcChnkUe2AbT%2FoSzsIhSopd6KqvhQqLK8n0NgOOmYQljIoUb%2B9MOhwnMgTsM7xwO4UyOO5l7HqED9v0TFXaIqc7XFIxrlWMCIx32WHDnoUzoRyM7pdlW%2Bbe9XUDnAEKPG3PSeRLbpiNWXr5hl4%2Bni29bn9kE&webInteractiveContentId=153405416754&portalId=9445952)   ### About HiringThing HiringThing is a modern recruiting and [employee onboarding](https://www.hiringthing.com/private-label/employee-onboarding/) platform as a service that creates seamless talent experiences. Our white label solutions and open API enable technology and service providers to offer hiring and onboarding to their clients. Approachable and adaptable, the HiringThing [HR platform](https://www.hiringthing.com/private-label/applicant-tracking-system/) empowers anyone, anywhere, to build their dream team. ![Pat Brothwell](https://blog.hiringthing.com/hs-fs/hubfs/1621426681866%20(1).jpg?width=150&name=1621426681866%20(1).jpg) #### Pat Brothwell [Follow me on LinkedIn](https://www.linkedin.com/in/pat-brothwell-275b82196/) Pat Brothwell was a Content Marketer at HiringThing, where he created and oversaw the HiringThing Content Strategy. Pat’s long been passionate about democratizing the world of work and ensuring recruiting and hiring is fair and equitable for all. When he’s not immersed in content, Pat enjoys hiking, traveling, Bruce Springsteen, and blogging about his new home in Asheville, North Carolina. ## Related Articles [![Employees design an employee onboarding experience around a computer. ](https://blog.hiringthing.com/hubfs/yxK5xf_z.jpeg)](https://blog.hiringthing.com/guide-to-meaningful-employee-onboarding) [HR 101](https://blog.hiringthing.com/tag/hr-101) ### [The HiringThing Guide to Meaningful Employee Onboarding](https://blog.hiringthing.com/guide-to-meaningful-employee-onboarding) ## Your Organization Needs an Onboarding Strategy Good employee onboarding increases [employee engagement](https://www.hiringthing.com/private-label/employee-onboarding/), productivity, satisfaction, and retention, yet [88% of companies](https://www.gallup.com/workplace/238085/state-american-workplace-report-2017.aspx)... ![Pat Brothwell](https://blog.hiringthing.com/hs-fs/hubfs/1621426681866%20(1).jpg?width=45&name=1621426681866%20(1).jpg) [Pat Brothwell](https://blog.hiringthing.com/author/pat-brothwell) [Read More](https://blog.hiringthing.com/guide-to-meaningful-employee-onboarding) [![Some HR professionals discuss employee onboarding stats around a desk. ](https://blog.hiringthing.com/hubfs/2023%20Onboarding%20Stats%20You%20Should%20Know.jpg)](https://blog.hiringthing.com/onboarding-statistics-you-should-know) [HR 101](https://blog.hiringthing.com/tag/hr-101) ### [2024 Employee Onboarding Statistics You Need](https://blog.hiringthing.com/onboarding-statistics-you-should-know) ## Employee Onboarding Has Powerful Results, Yet Remains Overlooked By Many Organizations Employee onboarding, [defined by](https://www.shrm.org/resourcesandtools/hr-topics/talent-acquisition/pages/new-employee-onboarding-guide.aspx#:~:text=New%20employee%20onboarding%20is%20the,productive%20member%20of%20the%20team.) the Society for Human Resource Management (SHRM)... ![Pat Brothwell](https://blog.hiringthing.com/hs-fs/hubfs/1621426681866%20(1).jpg?width=45&name=1621426681866%20(1).jpg) [Pat Brothwell](https://blog.hiringthing.com/author/pat-brothwell) [Read More](https://blog.hiringthing.com/onboarding-statistics-you-should-know) [![HiringThing\_Logo\_White\_no-space](https://blog.hiringthing.com/hs-fs/hubfs/HiringThing_Logo_White_no-space.png?width=275&name=HiringThing_Logo_White_no-space.png "HiringThing_Logo_White_no-space")](https://hiringthing.com) --- A modern recruiting platform as a service that creates seamless hiring experiences. Approachable and adaptable, the platform empowers anyone, anywhere to hire their dream team. [Follow us on LinkedIn](https://www.linkedin.com/company/hiringthing) [Follow us on Facebook](https://www.youtube.com/c/hiringthing) [Follow us on Twitter](https://www.twitter.com/hiringthing) [Follow us on Facebook](https://www.facebook.com/HiringThing/) - [Platform](https://www.hiringthing.com/private-label/) - [Developers](https://www.hiringthing.com/developers) - [Company](https://www.hiringthing.com/company) - [Blog](https://blog.hiringthing.com) - [Start Trial](https://register.hiringthing.com/register/start) - [Support](https://support.hiringthing.com/support/home) - [HiringThing Status](https://status.applicant-tracking.com/) - [Remote Work Hub](https://www.hiringthing.com/company/remote-work-hub/) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Pat Brothwell", "url" : "https://blog.hiringthing.com/author/pat-brothwell" }, "dateModified" : "2026-08-05T20:47:29.900Z", "datePublished" : "2024-07-02T11:00:00.000Z", "headline" : "The ROI of Employee Onboarding Software", "image" : [ "https://blog.hiringthing.com/hubfs/Evaluating%20the%20ROI%20of%20Employee%20Onboarding%20Software.jpg" ], "mainEntityOfPage" : { "@id" : "https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.hiringthing.com/hubfs/HiringThing_Logo_TealGreen.png" }, "name" : "HiringThing, Inc." } } ``` ```json { "@context" : "https://schema.org", "@id" : "https://hiringthing.com/#organization", "@type" : "Organization", "contactPoint" : { "@type" : "ContactPoint", "contactType" : "sales", "url" : "https://www.hiringthing.com/company/contact-us/" }, "description" : "HiringThing is a modern recruiting and employee onboarding platform as a service that enables technology and service providers to offer white label hiring and onboarding to their clients.", "foundingDate" : "2012", "knowsAbout" : [ "Applicant Tracking Systems", "Employee Onboarding Software", "White Label HR Technology", "Workflow Management", "Recruiting Automation", "HR Tech ROI Measurement", "PEO and ASO Technology", "Vertical SaaS" ], "logo" : { "@type" : "ImageObject", "height" : 270, "url" : "https://blog.hiringthing.com/hs-fs/hubfs/Graphic%20Elements/Logos/HiringThing-Teal-Green.png", "width" : 1686 }, "name" : "HiringThing", "sameAs" : [ "https://www.linkedin.com/company/hiringthing", "https://www.twitter.com/hiringthing", "https://www.facebook.com/HiringThing/", "https://www.crunchbase.com/organization/hiringthing", "https://www.g2.com/products/hiringthing/reviews" ], "url" : "https://hiringthing.com" } ``` ```json { "@context" : "https://schema.org", "@id" : "https://blog.hiringthing.com/#website", "@type" : "WebSite", "inLanguage" : "en-US", "name" : "HiringThing Blog", "publisher" : { "@id" : "https://hiringthing.com/#organization" }, "url" : "https://blog.hiringthing.com" } ``` ```json { "@context" : "https://schema.org", "@id" : "https://hiringthing.com/authors/pat-brothwell#person", "@type" : "Person", "description" : "Pat Brothwell was a Content Marketer at HiringThing, where he created and oversaw the HiringThing content strategy. He writes about democratizing the world of work and making recruiting and hiring fair and equitable for all.", "image" : "https://blog.hiringthing.com/hs-fs/hubfs/1621426681866%20(1).jpg", "jobTitle" : "Content Marketer", "knowsAbout" : [ "Employee Onboarding", "Recruiting Strategy", "HR Technology", "Content Marketing", "Employee Engagement and Retention" ], "name" : "Pat Brothwell", "sameAs" : [ "https://www.linkedin.com/in/pat-brothwell-275b82196/" ], "url" : "https://blog.hiringthing.com/author/pat-brothwell", "worksFor" : { "@id" : "https://hiringthing.com/#organization" } } ``` ```json { "@context" : "https://schema.org", "@id" : "https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software#webpage", "@type" : "WebPage", "breadcrumb" : { "@id" : "https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software#breadcrumb" }, "inLanguage" : "en-US", "isPartOf" : { "@id" : "https://blog.hiringthing.com/#website" }, "name" : "The ROI of Employee Onboarding Software", "primaryImageOfPage" : { "@type" : "ImageObject", "url" : "https://blog.hiringthing.com/hubfs/Evaluating%20the%20ROI%20of%20Employee%20Onboarding%20Software.jpg" }, "speakable" : { "@type" : "SpeakableSpecification", "cssSelector" : [ "h1", ".post-body h2", ".post-body p" ] }, "url" : "https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software" } ``` ```json { "@context" : "https://schema.org", "@id" : "https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software#breadcrumb", "@type" : "BreadcrumbList", "itemListElement" : [ { "@type" : "ListItem", "item" : "https://blog.hiringthing.com/", "name" : "Blog", "position" : 1 }, { "@type" : "ListItem", "item" : "https://blog.hiringthing.com/tag/the-state-of-hr-tech", "name" : "The State of HR Tech", "position" : 2 }, { "@type" : "ListItem", "name" : "The ROI of Employee Onboarding Software", "position" : 3 } ] } ``` ```json { "@context" : "https://schema.org", "@id" : "https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software#article", "@type" : "BlogPosting", "about" : [ { "@id" : "https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software#term-employee-onboarding-software" }, { "@id" : "https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software#term-return-on-investment" }, { "@id" : "https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software#term-kpi" }, { "@id" : "https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software#term-time-to-productivity" }, { "@id" : "https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software#term-new-hire-retention-rate" }, { "@id" : "https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software#term-compliance-risk" } ], "alternativeHeadline" : "Unlock an HR Profit Center: How to Measure the ROI of Employee Onboarding Software", "articleSection" : [ "The State of HR Tech" ], "author" : { "@id" : "https://hiringthing.com/authors/pat-brothwell#person" }, "dateModified" : "2026-08-05", "datePublished" : "2024-06-28", "description" : "Learn how to measure the ROI of employee onboarding software using KPIs for time saved, productivity, error reduction, compliance, cost savings, and retention.", "headline" : "The ROI of Employee Onboarding Software", "image" : { "@type" : "ImageObject", "height" : 630, "url" : "https://blog.hiringthing.com/hubfs/Evaluating%20the%20ROI%20of%20Employee%20Onboarding%20Software.jpg", "width" : 1200 }, "inLanguage" : "en-US", "isAccessibleForFree" : true, "keywords" : [ "employee onboarding software ROI", "onboarding KPIs", "HR tech ROI", "time-to-productivity", "new hire retention", "onboarding automation", "compliance risk mitigation", "HR cost savings" ], "mainEntityOfPage" : { "@id" : "https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software#webpage" }, "publisher" : { "@id" : "https://hiringthing.com/#organization" }, "wordCount" : 1300 } ``` ```json { "@context" : "https://schema.org", "@id" : "https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software#faq", "@type" : "FAQPage", "mainEntity" : [ { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "When comparing cloud HRIS onboarding tools, useful metrics include new hire retention rates at 90 days and one year, time-to-productivity benchmarks, and completion rates for onboarding tasks. Employee satisfaction surveys and manager feedback on new hire readiness also provide insight. Vendors that share case studies or benchmark data demonstrating improvements in these specific metrics offer stronger evidence that their onboarding tools deliver measurable results." }, "name" : "I'm comparing cloud HRIS options—what metrics show that their onboarding tools actually improve retention and time-to-productivity?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "HR software reduces time-to-productivity for new hires by automating paperwork, streamlining training assignments, and providing clear onboarding checklists that guide employees through their first weeks. Centralized access to resources, company policies, and team introductions helps new hires get up to speed faster. Automated reminders and progress tracking also ensure nothing falls through the cracks, helping employees become fully productive more quickly than manual onboarding processes." }, "name" : "What role does HR software play in reducing time to productivity for new hires?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "The ROI of workforce analytics in recruiting and onboarding often shows up as reduced time-to-hire, improved quality of hire, and lower turnover through better-informed decisions. Analytics can identify bottlenecks in the hiring funnel and onboarding process, allowing targeted improvements. While exact ROI varies by organization, companies typically see cost savings from more efficient processes and better retention driven by data-informed recruiting and onboarding strategies." }, "name" : "What is the ROI of implementing workforce analytics in recruiting and onboarding?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "Onboarding solutions that deliver measurable ROI for enterprises typically offer robust analytics tracking metrics like time-to-productivity, retention rates, and completion of training milestones. Platforms with automation for paperwork and task assignments reduce administrative costs, while integration with performance data helps demonstrate long-term impact. Enterprises often see the strongest ROI from solutions that combine strong reporting with scalability across multiple departments and locations." }, "name" : "What onboarding solutions deliver measurable ROI for enterprises?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "Faster time-to-productivity during onboarding reduces the period new hires cost more than they contribute, directly impacting profitability. To include this in an HR tech ROI model, estimate the average productivity ramp-up time before and after implementing onboarding software, multiply the time saved by average employee output value, and factor in reduced turnover costs. This creates a clearer financial picture of onboarding technology's return on investment." }, "name" : "What is the financial impact of faster time-to-productivity during onboarding and how do I include this in an HR tech ROI model?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "Setting KPIs before purchasing HR tech establishes clear objectives for the investment and gives organizations an honest way to assess effectiveness at renewal time. That means defining measurable targets, setting timelines for each one, and deciding in advance what counts as success or failure. Price should be factored in as well, so the organization can confirm the investment is actually recouped." }, "name" : "Why should you set KPIs before purchasing employee onboarding software?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "Six metrics carry the most weight: time saved on paperwork and administrative tasks, improved new hire productivity, reduction in data entry errors, mitigated compliance risk, cost savings from eliminating paper processes and turnover, and actual employee usage of the tool. These metrics are subjective by nature, so their relative importance depends on a company's mission, values, and whether the technology is essential or an enhancement." }, "name" : "Which metrics matter most when measuring employee onboarding software ROI?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "Organizations with effective employee onboarding average 33% higher employee engagement and a 70% increase in new hire productivity. Strong onboarding has also been shown to raise employee retention by 82% and new hire retention by 52%. Those retention gains matter financially because replacing an employee costs roughly 33% of their salary once lost productivity, recruiting, hiring, and onboarding expenses are counted." }, "name" : "How much does effective onboarding improve engagement, productivity, and retention?" } ] } ``` ```json { "@context" : "https://schema.org", "@id" : "https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software#howto", "@type" : "HowTo", "description" : "A step-by-step framework for setting KPIs and tracking the metrics that reveal whether employee onboarding software is delivering a measurable return on investment.", "name" : "How to Measure the ROI of Employee Onboarding Software", "step" : [ { "@type" : "HowToStep", "name" : "Set KPIs Before Purchasing", "position" : 1, "text" : "Define measurable KPIs, timelines for hitting each one, and what will count as success or failure before you buy. Include the software's price so you can confirm the investment gets recouped." }, { "@type" : "HowToStep", "name" : "Identify What Matters to You", "position" : 2, "text" : "Evaluate whether the technology is essential to operations or an enhancement to employee value. Let your company's mission and values determine which KPIs carry the most weight in your ROI calculation." }, { "@type" : "HowToStep", "name" : "Benchmark and Track Time Saved", "position" : 3, "text" : "Document how long your current onboarding process takes before implementation. Then calculate hours spent on paperwork, training sessions, and administrative tasks after launch to quantify the difference." }, { "@type" : "HowToStep", "name" : "Measure New Hire Productivity", "position" : 4, "text" : "Track productivity levels of new hires before and after implementation. Look specifically at whether employees are reaching full productivity faster than they did under the manual process." }, { "@type" : "HowToStep", "name" : "Baseline and Compare Error Rates", "position" : 5, "text" : "Record where manual data entry errors occur historically to establish a baseline. Measure the reduction in errors after implementation to assess the impact on data accuracy and legal compliance." }, { "@type" : "HowToStep", "name" : "Quantify Compliance Improvements", "position" : 6, "text" : "Track pre- and post-implementation compliance incidents, hours saved on compliance tasks, audit preparation time, estimated penalties avoided, and mandatory training completion rates. Compare those results against software cost." }, { "@type" : "HowToStep", "name" : "Survey Satisfaction and Analyze Retention", "position" : 7, "text" : "Collect surveys or feedback on the onboarding experience and analyze retention rates to see whether the software helps keep talent. Use the results to surface recurring issues worth fixing." }, { "@type" : "HowToStep", "name" : "Calculate Total Cost Savings", "position" : 8, "text" : "Compare the cost of paper, printing, and administrative work against licensing and implementation fees. Add turnover costs, since replacing an employee runs about 33% of their salary." }, { "@type" : "HowToStep", "name" : "Monitor Employee Usage and Buy-In", "position" : 9, "text" : "Track whether employees actually use the software and investigate the reasons behind low adoption. Usage depends heavily on the training, customer support, and internal communication behind the rollout." } ], "totalTime" : "PT45M" } ``` ```json { "@context" : "https://schema.org", "@id" : "https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software#glossary", "@type" : "DefinedTermSet", "hasDefinedTerm" : [ { "@id" : "https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software#term-employee-onboarding-software", "@type" : "DefinedTerm", "description" : "Technology that automates the onboarding process from document management through training modules. It reduces administrative work for HR teams and new hires while supporting engagement and a sense of belonging.", "inDefinedTermSet" : { "@id" : "https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software#glossary" }, "name" : "Employee Onboarding Software" }, { "@id" : "https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software#term-return-on-investment", "@type" : "DefinedTerm", "description" : "The measurable value an organization gains from an HR tech purchase relative to its cost. For onboarding software, ROI combines time saved, productivity gains, error reduction, compliance improvements, and cost savings.", "inDefinedTermSet" : { "@id" : "https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software#glossary" }, "name" : "Return on Investment (ROI)" }, { "@id" : "https://blog.hiringthing.com/unlock-an-hr-profit-center-the-roi-of-employee-onboarding-software#term-kpi", "@type" : "DefinedTerm", "description" : "A predefined, measurable target used to judge whether a technology investment is meeting its goals. 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