Study Finds Dayforce Delivers 176% ROI
What happened
A Total Economic Impact study by Forrester Consulting found that customers using the Dayforce platform achieved a 176% return on investment. The study calculated a net present value of $6.8 million in benefits over three years for a composite organization.
Why it matters
- The Forrester study's composite organization was a firm with 7,500 employees that, prior to using Dayforce, relied on multiple legacy systems which led to manual reconciliations and a higher risk of payroll errors. - Payback period on the Dayforce investment was calculated to be less than six months. - The study found that consolidating HR, payroll, and workforce management into the single Dayforce platform produced a 35% reduction in payroll resources, valued at $1.4 million in savings. - Employee self-service tools for tasks like requesting shifts and accessing earned wages on-demand contributed to a 20% decrease in turnover among hourly workers, saving the composite organization $2.6 million. - Frontline managers spent 60% less time creating and adjusting employee schedules, a productivity gain valued at $3.9 million over three years. - Beyond quantifiable metrics, the study noted that customers experienced improved employee experiences, reduced risk related to compliance, and greater organizational agility. - The analysis was conducted by Forrester Consulting using their Total Economic Impact™ (TEI) methodology, which involves customer interviews and financial modeling to assess the value of a technology investment.
Key numbers
- A Total Economic Impact study by Forrester Consulting found that customers using the Dayforce platform achieved a 176% return on investment.
- The study calculated a net present value of $6.8 million in benefits over three years for a composite organization.
- - The Forrester study's composite organization was a firm with 7,500 employees that, prior to using Dayforce, relied on multiple legacy systems which led to manual reconciliations and a higher risk of payroll errors.
- The study found that consolidating HR, payroll, and workforce management into the single Dayforce platform produced a 35% reduction in payroll resources, valued at $1.4 million in savings.
Quick answers
What happened in Study Finds Dayforce Delivers 176% ROI?
A Total Economic Impact study by Forrester Consulting found that customers using the Dayforce platform achieved a 176% return on investment. The study calculated a net present value of $6.8 million in benefits over three years for a composite organization.
Why does Study Finds Dayforce Delivers 176% ROI matter?
The Forrester study's composite organization was a firm with 7,500 employees that, prior to using Dayforce, relied on multiple legacy systems which led to manual reconciliations and a higher risk of payroll errors. Payback period on the Dayforce investment was calculated to be less than six months. The study found that consolidating HR, payroll, and workforce management into the single Dayforce platform produced a 35% reduction in payroll resources, valued at $1.4 million in savings. Employee self-service tools for tasks like requesting shifts and accessing earned wages on-demand contributed to a 20% decrease in turnover among hourly workers, saving the composite organization $2.6 million. Frontline managers spent 60% less time creating and adjusting employee schedules, a productivity gain valued at $3.9 million over three years. Beyond quantifiable metrics, the study noted that customers experienced improved employee experiences, reduced risk related to compliance, and greater organizational agility. The analysis was conducted by Forrester Consulting using their Total Economic Impact™ (TEI) methodology, which involves customer interviews and financial modeling to assess the value of a technology investment.
