CRI Applicant Management Cost Savings Calculator

APPLICANT MANAGEMENT SYSTEM

INVESTMENT JUSTIFICATION QUESTIONS

Assuming that the employer must be EEOC and/or OFCCP compliant, following are questions that management should ask HR or other personnel to determine whether an online Applicant Management System would generate cost savings for the employer:


Employer	Date

	Hours	Hourly Cost (Salary/benefits)	Item cost
1. What is the process for collecting, retaining and retrieving the data necessary to compile the Applicant Log for the organization in the format required for EEOC and OFCCP compliance? How much time does HR personnel allocate to this function on a monthly basis?		$	0
2. How is the data collected, retained and retrieved for EEO1 reports. How much time does HR personnel allocate to this function on a monthly basis?		$	0
3. How is the data required for OFCCP compliance collected, retained and retrieved such as applicant and new hire data by job category and employment location? How much time does HR personnel allocate to this function on a monthly basis?		$	0
4. What is the process for reviewing resumes, job applications and contacting candidates to determine which job seekers have the minimum qualifications for the job? How much time does HR personnel allocate to this function on a monthly basis?		$	0
5. What is the process for retaining job applications, resumes and other job seeker/applicant data? How much time does HR personnel allocate to this function on a monthly basis?		$	0
6. What is the process for providing applicant data to supervisors and managers for review and interviews? How much time does HR personnel allocate to this function on a monthly basis?		$	0
7. What is the process for collecting the data needed for Background Searches and providing it to the vendor conducting the searches? When a search is complete, how are the results retrieved and added to the applicant’s file? How much time does HR personnel allocate to this function on a monthly basis?		$	0
8. What is the process for handling new hire on-boarding data collection and filing? How much time does HR personnel allocate to this function on a monthly basis?		$	0
	Total Monthly Costs:		$0
NOTE: All of the above functions can be accomplished electronically with a CRI Applicant Management System.

New Hire Tax Credits Calculation:
One out of seven entry level and hourly rate new hires qualify for tax credits that average $ 1,300.00 per hire. These credits represent a dollar for dollar reduction in an employer’s income tax payable.
	# of entry level/hourly rate new hires per year:
	Average credit	x 1,300.00
	Potential new hire credits	$

Total potential ROI:
Monthly Cost savings	$
Tax credits	$
Total Annual savings	$0

Other points to consider:

Do hiring supervisors or managers believe they are losing good candidates due to the time it takes to have access to candidate data under the current process?
Does the employer’s current selection process include assessments to project honesty, reliability and dependability and the ability to accomplish the job requirements in an outstanding manner?