Cost of Saving

Worked examples / Hiring: how many steps, and which ones

How long should the application be?

A five-page application that 600 people start each month. Each page takes about 12 minutes, and 12% of capable applicants stop at each page.

No step pays for itself

With no steps at all you would be $71,970 a month better off.

It costs$79,341a month
It gets back$7,371what it stops, and any fee
Put in your own numbers

This is a worked example with illustrative figures, not data about any real person or company. Change any of them in the calculator and the answer changes with them.

How this answer was worked out

Step 1costs $20,160, gets back $1,800: -$18,360
Step 2costs $17,741, gets back $1,620: -$16,121
Step 3costs $15,612, gets back $1,458: -$14,154
Step 4costs $13,738, gets back $1,312: -$12,426
Step 5costs $12,090, gets back $1,181: -$10,909

Every formula is written out on the formulas page.

What the calculator asks you

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