ROI on your iMocha

The most visible short term benefit of using iMocha is the reduced administrative time spent screening candidates.

Money spent with and without iMocha

10 Hires
100 Hires
500 Hires

without iMocha
with iMocha

iMocha online assessment increase profitability by helping companies hire more effective employees. However, it is hard to estimate the actual value of a good hire or the cost of a bad one. This presents a problem when it comes time to establish a budget for deploying iMocha assessments. The Below are some basic formulas to assist with building budgets and business cases for the use of iMocha's pre-employment assessment tests

Calculation illustration for 100 hires

No. of hires per year
Time spent with candidates who are not hired (in hours ) (This includes time spent reviewing resumes, coordinating and conducting interviews, and holding recruitment conversations.)
Average cost of recruiting time ($) (Estimate of the hourly cost of recruiters and hiring managers who spend time with unqualified candidates.)
Hiring cut off (%) (Number of people who will pass the assessment tool you use.)
Selection ratio ( This is the number of candidates you typically assess before making a hiring decision.)

Projected gain	$112000

Long term benefits of using iMocha

ROI Provided by Hiring Better
ROI Provided by Avoiding Catastrophic Hires
ROI Provided by Reducing Turnover