HiringFast · Hiring notes

How to calculate the ROI of a CV screening tool

A simple formula for estimating the return on a CV screening tool before you buy one.

• Measure hours spent screening per role today and multiply by the recruiter's loaded hourly cost.
• Estimate the hours the tool saves, then subtract its monthly price: that's your direct saving.
• Add the value of faster hires: every day a role sits open has a cost to the business.
• Re-check after 90 days with real numbers rather than vendor estimates.