Performance management needs reinvention which is why iRevü is pioneering modern performance management solutions. By creating our own ROI calculator, we can save prospective clients the research time and work it takes to determine ROI, bringing them one step closer to seeing the value in what we have to offer.
Human Resources is at the center of business – and always has been.
There, I said it.
The workforce experiences constant change because PEOPLE experience constant change. HR plays an integral part in business strategy today, especially in performance management. That’s why the numerous technologies supporting the HR function continue to evolve. HR Tech requires an investment.
Like any other investment, fully understanding what the return is on those new processes and technologies is imperative.
The ROI Calculator
“When I led people teams, I knew I’d have better executive buy-in when I provided data to stakeholders. Today’s HR leader makes decisions on several factors, not just what will something cost, but what can I expect from the investment.”
“Having spent twenty years plus each helping companies drive more efficiency with better processes and technology, Michael and I realized companies really have no idea how much money they are losing due to employee performance-related problems.”
“The ROI Calculator helps companies quickly see, based on proven industry metrics, that improving employee performance definitely improves profits and reduces costs.”
- Reduction in Cost from Voluntary Turnovers
- Reduction in Cost of Annual Reviews
- Reduction in Cost from Unengaged Employees
CEO Michael Heller,
“It’s so important to make an informed decision on where to spend your capital AND influence. Our ROI calculator can provide real data to take back to your executive team on what a real-time performance management platform can do for your organization.”
In the end, we can sit back and ask
about the cost of using
a performance feedback tool –
but maybe the question should shift to,
what is the cost of NOT using one?
SIDE NOTE: Where Did We Get All That Data?
What the ROI Calculator is For and Why
“Companies will quickly realize the very conservative estimates from their industry and business function make investing in their employees with a real-time performance system an imperative. Specifically, the legal cost avoidance, improved employee efficiency, reduced training costs, reduced attrition typically drive a payback of less than 3 months.”