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   Using The ERI® System Is Cost-Effective
Nationally, the annual cost of hiring the wrong employees is in the billions of dollars. These dollars represent unmanaged monies. They can become easily manageable through the use of the ERI® System. This is how the ERI® System more than pays for itself. The total costs of adding the ERI® System to the hiring process are typically less than 1% of the cost savings. 

The following case studies document the kinds of direct cost savings that the ERI® System can bring to your hiring process and bottom line. If you would like to see additional research information, showing documented cases of savings that have resulted from using the ERI® System, call or write us. Ask for the booklet "Selected Research Summaries", or full-length reprints of the published research reports.

 
Manufacturing company with 500 employees
NET SAVINGS USING THE ERI® SYSTEM: $88,000 ANNUALLY 

Turnover Within 60 Days of Hire As Percent of Annual Hires

Over a two year period after the ERI® was introduced, turnover dropped 68%  
(from 25% to 8%).


Hours Lost From Work Related Accidents As Percent of Total Annual Scheduled Hours

Workers hired with the ERI® had 76% fewer hours lost as a result of accidents than those hired without the ERI®.


Hours Lost From Unauthorized Absence As Percent of Total Annual Scheduled Hours
Workers hired with the ERI® were absent 36% less than those hired without the ERI®.
   
Resort hotel with 3,800 employees
NET SAVINGS USING THE ERI® SYSTEM: $2,280,000 OVER TWO YEARS

Three Year Change in Turnover Rate As Percent of Total Workforce

Over a two year period after the ERI® was introduced, turnover dropped 26% from 42% to 31%.

 

Three Year Change in Accident Rate As Percent of Total Workforce

Over a two year period of using the ERI®, the rate of work-related accidents dropped 29% from 4.1% to 2.9%.
   
Hotel Conference Center with 360 employees
NET SAVINGS USING THE ERI® SYSTEM: $155,600 ANNUALLY 

Voluntary Turnover As Percent of Total Workforce

Over a two year period after the ERI® was introduced, turnover dropped 33% from 85.8% to 56.8%.
   
Retail sales organization with 96 stores
NET SAVINGS USING THE ERI® SYSTEM: $4,018,500 ANNUALLY 

Relationship Between ERI® Use and Average Change In Shrinkage Percent Across 96 Stores

There was a significant decrease in shrinkage percentage for stores using the ERI®.

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Copyright © 1998 Bay State Psychological Associates, Inc., All rights reserved.
ERI® is a registered trademark of Bay State Psychological Associates, Inc.