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.
- 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.
