ROI Calculator

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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Calculate Your Potential ROI

Step

01

Enter your total company headcount

Step

02

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

Step

03

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

Step

04

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.

Calculate Your ROI

Configure key process costs

HR Management Plan	Essentials	Professional	Enterprise
Number of Employees	€600	€900	€POA

Process	Manually	HRLocker
Time taken to Process Employee Time-Off request (mins)		1
Number of Employee requests per year. Employees (E.g., 15 x 4)
Administrator hourly cost
Total Time Taken (hrs.)
Time Saved (hrs.)
Total Admin Cost €
HRLocker saving per year. €

Process	Manually	HRLocker
Time Taken to Add New Employee Personnel Records (mins)		5
Number of record uploads/yr./employee
Number of onboardings/yr.
Adminstrator hourly cost		5
Total Time Taken (hrs.)
Time Saved (hrs.)
Total Admin Cost €
HRLocker saving per year €

Process	Manually	HRLocker
Number of employee sheets/week (15)
Time taken to collect, check & file each employee timesheet/week (mins)		0.5
Administrator hourly cost
Total Time Taken (hrs.)
Time Saved (hrs.)
Total Admin Cost €
HRLocker Saving/week €
HRLocker Saving/yr. €

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)		0.5
Adminstrator hourly cost
Total Time Taken (hrs.)
Time Saved (hrs.)
Total Admin Cost €
HRLocker Saving/yr. €

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)		0.5
Adminstrator hourly cost
Total Time Taken (hrs.)
Time Saved (hrs.)
Total Admin Cost €
HRLocker Saving/yr. €

Process	Manually	HRLocker
Time taken to check days used & calculate Time Off in Lieu (mins)		1
Number of Employee (15) requests/yr.		1
Adminstrator hourly cost
Total Time Taken (hrs.)
Time Saved (hrs.)
Total Admin Cost €
HRLocker Saving/yr. €

Running Totals and Potential Savings

	Manual Input	HRLocker	Saving
Time Off Requests	5320.00	354.67	4965.33
Onboarding and maintaining personnel records	875.00	125.00	750.00
Collect and process timesheets	46106.67	2305.33	43801.33
Distribute & collect signed policy documents	8866.67	443.33	8423.33
Maintain CPD records & certifications	7980.00	133.00	7847.00
Calculate TOIL	1330.00	88.67	1241.33
Totals €	70478.34	3450	67028.34

Return On Investment

Total Savings / HRLocker Package

HR Essentials

HR Professional

HR Enterprise

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

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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.

Enhance ROI Through Digital Marketing Strategies

Digital marketing can enhance your return on investment (ROI) if utilized strategically. Consider allocating some of your resources to major digital marketing channels such as Google Adwords, content marketing, and social media management.

Through these strategies, you can create a more targeted approach and build meaningful relationships with potential customers and increase the visibility of your brand.

Your ROI will be driven by converting these relationships into valuable leads and sales.

Analyse results and refine tactics for improved efficiency

Analysing the results of your digital marketing campaigns is essential to understanding their return on investment. Review performance metrics such as clicks, impressions, and conversions to measure the effectiveness of your efforts. Doing this will allow you to refine tactics and optimize campaigns for improved efficiency and higher ROI.

Employing data visualization techniques, like pie charts and bar graphs, can also help you identify trends over time and determine where best to allocate your budget moving forward.