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Return on Investment
A Software as a Service (SaaS) Agreement with SkillsTrac can:
- Improve Productivity and increase the Focus on expected individual standards and results
- Improve timeously completion rates of Performance and Competence Evaluations
- Improve Employee and Manager engagement in the performance and competence monitoring process
- Improve ROI of Performance Improvement Interventions implemented
Criteria to consider when calculating ROI
- The - Pay for what you use- SaaS contract means hosting fees, annual maintenance contracts, extra updates and upgrades are included and no investment in specific hardware of software is required
- Improved productivity of employees (it has been proven that a minimum of 5% increase in individual productivity can be expected)
- Training costs – The direct line of sight between expected results and interventions changes employee attitude and focus when engaged in training activities and result in improved knowledge, skill or behaviour
- Increased Time available for the HR Manager and team to focus on strategic HR tasks, projects
- Productive Time saved through a simplified and user friendly performance and competence scorecard set up, evaluation, feedback and reporting process
- Cost of training managers in employee performance management is drastically reduced by the SkillsTrac workflow that builds performance and competence monitoring capability in all users
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