InterviewStudio ROI Calculator

This tool illustrates the Return On Investment (ROI) per job opening that a company can realize using the InterviewStudio platform to reduce their initial job applicant screening costs. It is based on your company's own expense profile and applicant interviewing process. Savings can be found in four separate aspects of the applicant screening process.

1. Reduction or elimination of phone screening costs.
2. Savings in your recruiter's and interview team time by avoiding onsite interviews with applicants who are quickly determined not to be a fit
3. Travel expense savings from bringing in applicants who are quickly determined not to be a fit.
4. Assessment test savings by utilizing the 5th generation assestment test (PreVue International) provided as part of the InterviewStudio platform.

Base Assumptions
	Approximate number of job openings per month
	Average number of applicants you receive per job
	Percentage of applicants typically rejected after first interview ?			%
Phone Screening Costs
	Estimated percentage of applicants phone-screened per job			%
	Hourly cost of your company's recruiting coordinator	$
	Hourly cost of your recruiter's time	$
	Phone Screening Savings		--------------
Interview Team Costs
	Number of employees on your typical job interview team
	Average hourly cost of your interview team members' time	$
	Average number of applicants brought in for initial interview per job opening
	Average number of hours spent with job applicant onsite for initial interview (1,2,3,...8?)
	Interview Team Savings	--------------
Travel Costs
	Estimated travel expense per applicant (airfare, lodging, food, car, ...)	$
	Travel Savings	--------------
Assessment Costs
	Your assessment test cost per applicant, if you currently use one (falls between $40-$200 for popular market tests)	$
	Assessment Savings	--------------
Total Savings
	Total savings from using InterviewStudio to screen applicants			--------------
	InterviewStudio monthly subscription fee			--------------
	Net savings from InterviewStudio			--------------
	Your Return On Investment (ROI)			--------------
	These calculations do not include soft benefits such as: Faster time to hire   - Less interview team time wasted   - Quicker employee productivity and revenue generation Longer employee retention due to more in depth, up front due diligence