Does Recruitment Software Save Time and Money?

This is one of the most frequently asked questions that I come across while talking to corporates and consultants who are considering a recruitment software to automate their recruitment processes.

They often ask me that considering the present market condition in recruitments, would it be really feasible to buy a recruitment software? How will investing in a recruitment software help me save time? Will it give me a good ROI?

How to Calculate ROI on Recruitment Software?

Return on Investment (ROI) is the profit or loss incurred on an investment, which you receive on an annual basis. It usually calculated on investments like property, gold, stocks, etc. While calculating the ROI, the gain from an investment is divided by the total cost of investment. The result is expressed in the form of a percentage or ratio.