A Minimum 5X Return on Investment
WorkforceAI is designed specifically for sustainability.
A major benefit from using the platform is the exceptional return on investment which grows over time. The value derives mainly from focus on employees' skills and competencies which are the driving force behind organizational competitiveness.
WorkforceAI provides the organization the facilities to continuously maintain workforce readiness. Organizations that adopt solutions like WorkforceAI have an early opportunity to keep abreast of their competition and achieve a minimum of five times return on their investment (ROI) within two to five years of using these services.
Value of the Investment
The WorkforceAI team is committed to improving the solution and providing customers close collaboration and support so they get the best results from their efforts and investment.
To get the best results from adopting WorkforceAI services also requires commitment of the organization and close collaboration between the parties.
An Example of Return on Investment
Assume an SME currently has :- Annual sales of $50 million
- 200 employees and 15 managers/Team Leads
Here is a quick estimate of the ROI from adopting the WorkforceAI solution :
- WorkforceAI Subscription License @$500/month = $6,000/year
- Management effort : 10 hours per month @$100 per hour = $180,000/year
- Employee effort : 185 employees - 1 hour per month @$50 per hour = $111,000/year
TOTAL EXPENDITURE :$291,000
The learning curve is minimal as WorkforceAI has been designed and tested to be very user-friendly.
No other equipment or overheads are required to adopt WorkforceAI services.
The Calculation of ROI
TOTAL ESTIMATED INVESTMENT = $291,000Estimated increase in sales over first year usage is 3.5% x $50 million = $1.75M
Calculated ROI = 6.0X over the first year.
Larger organizations with thousands of employees can realize 10X or greater ROI.
As the organization continues to use the WorkforceAI solution, the ROI is expected to increase year-over-year!
Benefits from Investment
Here are some of the valued benefits WorkforceAI brings to maintain a continuous skills-ready workforce :- Fast startup : decision-ready data within one week
- Sustainable business model to support longer term success
- Increased competitiveness with time
- Minimum 5X ROI within first year
- Critical HR Decisions support
- Alignment of HR, Technology and corporate strategies
- Organization-wide skills inventory within 24 hours
- Internal gig pool to support employee mobility
- Improved employee productivity
- Better HR KPIs focused on investment and outcomes
- Evidence-based data for better, faster executive decision-making
- Continuously updated new job roles and skills
- Continuous workforce readiness through upskilling
- Full scale model : From individual employee, to skills, gaps, team, section, branch and entire organization, training support over entire org etc
- Greater Employee happiness : Opportunities, mobility, well-being
- Better employee retention
- Early leadership identification through soft skills tracking.
Exceptional ROI
The exceptional value from adopting WorkforceAI is undoubtedly the exceptional return on investment(ROI) this platform delivers to customers.
This is an ideal tool that HR managers in large organizations that want to remain relevant in the future, must have!