What are the business benefits enabled by Beamery Talent Lifecycle Management?
In 2023, Beamery commissioned Forrester Consulting to conduct a Total Economic Impact™ (TEI) study and examine the potential ROI enterprises may realize by deploying Beamery’s technology.
Forrester conducted interviews with a client organization, in order to better understand the benefits, costs, and risks associated with this investment. This organization saw “great improvements in its ability to nurture a passive candidate pipeline and expedite the hiring of better-fit talent.”
Key results included reductions in time to fill vacancies, improvements in recruiters’ efficiency, better compliance, talent sourcing efficiencies, and a reduction in costs for external third-party tools.
- More than 30,000 recruiting hours saved
- Nearly $613,000 in recruiter efficiency savings
- Efficiency gains of over $345,000 in the sourcing function
- Three-year ROI of 467%.