Return on Investment (ROI) Calculator

Use our ROI Calculator to see how much time and money your business could save by streamlining your HR processes with HRLocker. Whether you're managing compliance, tracking time, or simplifying onboarding, our tool helps you put real numbers behind your HR investment.

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Step 1

Enter your total company headcount

Step 2

Select and configure the tabs for each type of People Management process

Step 3

Watch the value accrued in the ‘Running Totals and Potential Savings‘ section

Step 4

See how your particular HRLocker price plan illustrates how much ROI the system gives you!

* HRLocker Essential does not include CPD and TOIL. You’ll need to ‘zero’ these in ‘Configure Key Process Costs’ to get accurate ROI multiples. ** The Premium plan also includes HIRE, our Applicant Tracking System (ATS), which delivers added value for your recruitment needs. With that, the actual multiples are much higher.

HRLocker ROI Calculator

HR Management Plan	Core HR	Time & Attendance	Recruit	Onboard	Perform
Number of Employees	€600.00	€900.00	€900.00	€900.00	POA

Process	Manually	HRLocker
Time taken to Process Employee request (mins)		1.00
Number of Employee requests per year. Employees (E.g., 15 × 4)
Administrator hourly cost
Total Time Taken (hrs.)	15.00	1.00
Time Saved (hrs.)	14.00
Total Admin Cost €	300.00	20.00
HRLocker saving per year. €	280.00

Process	Manually	HRLocker
Time Taken to Add New Employee Personnel Records (mins)		5.00
Number of record uploads/yr./employee
Number of onboardings/yr.
Adminstrator hourly cost
Total Time Taken (hrs.)	43.75	6.25
Time Saved (hrs.)	37.50
Total Admin Cost €	875.00	125.00
HRLocker saving per year. €	750.00

Process	Manually	HRLocker
Number of employee sheets/week (15)
Time taken to collect, check & file each employee timesheet/week (mins)		0.50
Administrator hourly cost
Total Time Taken (hrs.)	2.50	0.13
Time Saved (hrs.)	2.37
Total Admin Cost €	50.00	2.50
HRLocker saving per year. €	2470.00

Process	Manually	HRLocker
Number of employee docs/yr. to distribute & collect signed/yr.
Number of employees (15) per distribution round
Time taken to collect, check & file each document (mins)		0.50
Adminstrator hourly cost
Total Time Taken (hrs.)	25.00	1.25
Time Saved (hrs.)	23.75
Total Admin Cost €	500.00	25.00
HRLocker saving per year. €	475.00

Process	Manually	HRLocker
No. of Employees (15)
Number of Average no. of employee certs/yr.
Time taken to check, chase & file certs per employee (mins)		0.50
Adminstrator hourly cost
Total Time Taken (hrs.)	22.50	0.38
Time Saved (hrs.)	22.13
Total Admin Cost €	450.00	7.50
HRLocker saving per year. €	442.50

Process	Manually	HRLocker
Time taken to check days used & calculate Time Off in Lieu (mins)		1.00
Number of Employee (15) requests/yr.
Adminstrator hourly cost
Total Time Taken (hrs.)	3.75	0.25
Time Saved (hrs.)	3.50
Total Admin Cost €	75.00	5.00
HRLocker saving per year. €	70.00

Running Totals And Potential	Manual Input	HRLocker	Saving
Time Off Requests	300.00	20.00	280.00
Onboarding and maintaining personnel records	875.00	125.00	750.00
Collect and process timesheets	2600.00	130.00	2470.00
Distribute & collect signed policy documents	500.00	25.00	475.00
Maintain CPD records & certifications	450.00	7.50	442.50
Calculate TOIL	75.00	5.00	70.00
Totals €	4800.00	312.50	4487.50

Return On Investment €4487.50 Total Savings / HRLocker Package

Core HR

6.5x

Time & Attendance

9.0x

Recruit

9.0x

Onboard

90.0x

Perform

POA

**Premium & Enterprise plans also include HIRE, our Applicant Tracking System (ATS) – delivering added value for your recruitment needs.

All You Need to Know About ROI

What is ROI?

Return on investment (ROI) is a measure of the profits generated by an investment relative to the amount of money invested. It is calculated as a ratio, usually expressed as a percentage, between the profitability of the investment relative to the total cost.

ROI measures how much money was gained or lost on an investment compared to what was initially invested.

Adjust ROI calculation when needed

While the basic return on investment calculation works for simple investments, it can be slightly more complicated when additional factors come into play. For example, if there are ongoing costs associated with the initial investment, you will need to factor those into your calculation. If you don’t take these costs into consideration, your ROI may seem higher than it actually is.

Additionally, when calculating the ROI of an intangible asset such as a new marketing campaign or employee satisfaction survey, you’ll need to adjust your calculations accordingly and account for all associated costs and potential profits.

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