How to Save Time and Money With an HRIS
Yes, an HRIS Is Really Worth the Cost!
When you're evaluating HR software, the question always comes back to ROI. Is this investment going to pay off? The short answer: yes. For most organisations, the return from implementing an HRIS far exceeds the cost-often within the first year.
HR teams that switch from manual processes and spreadsheets to an HRIS typically save 20–40% of their time on administrative tasks. When you factor in reduced errors, faster hiring, lower turnover, and compliance savings, the ROI becomes even clearer.
ROI Calculator for HR Software
Use the interactive calculator below to estimate your organisation's potential ROI from switching to BambooHR. Adjust the sliders to match your situation.
Estimate Your Annual Savings
Based on admin time savings only. Turnover reduction, compliance savings, and faster hiring add further value.
Discover How Much You Can Save With HR Software
BambooHR customers report saving an average of 5–10 hours per week on HR administrative tasks. For a typical HR professional earning $65,000/year, that's $8,000–$16,000 in recaptured productivity annually-just from one person.
Scale that across an HR team of 3, and you're looking at $24,000–$48,000 per year in recovered HR capacity-capacity that can be redirected towards strategic work that actually moves the business forward.
The Gold Standard for HR Software ROI
The gold standard for measuring HRIS ROI combines three categories of value:
- Hard savings - Reduced labour costs, eliminated paper and filing expenses, lower compliance penalties
- Soft savings - Faster hiring cycles, reduced turnover, improved employee experience and engagement
- Risk mitigation - Fewer compliance violations, better audit trails, reduced exposure to employment lawsuits
The Top 5 Benefits of an HRIS
- Centralised employee data - One source of truth for all employee records, documents, and HR data.
- Automated workflows - Onboarding, approvals, time-off requests, and reminders happen automatically.
- Self-service for employees - Employees update their own information, reducing HR's administrative burden.
- Better reporting and analytics - Real-time HR data enables faster, smarter decisions.
- Compliance confidence - Built-in tracking and documentation keeps you audit-ready at all times.
The Average Cost of HR Software
HRIS pricing varies widely based on features, company size, and provider. Generally:
- Per-employee, per-month pricing - Most modern HRIS platforms charge $5–$25 per employee per month.
- Volume discounts - Pricing typically decreases as employee count grows.
- Add-ons - Payroll (not available in Europe and UK), benefits administration, and ATS modules are often priced separately.
BambooHR uses per-employee, per-month pricing with automatic volume discounts - contact the team for a quote tailored to your organisation's size and needs.
Save Time and Money With BambooHR's Award-Winning HRIS
BambooHR customers consistently report significant time savings and business impact. In independent surveys:
How to Calculate ROI
The formula for HR software ROI is straightforward:
ROI = (Total Value Generated − Total Cost) ÷ Total Cost × 100
For a company with 100 employees paying $10/employee/month for BambooHR (including payroll), the annual software cost is $12,000. If the platform saves 8 hours/week of HR admin time at $60/hour, that's $24,960 in annual savings-a 108% ROI from time savings alone, before counting turnover reduction, compliance savings, and faster hiring.
Ready to see your actual numbers? Request a demo and our team will walk you through a custom ROI analysis for your organisation.
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