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Business Case Template

Business Case Template. A template for securing HRTech funding. Agenda. The problem we are trying to solve What the problem is costing our business The solution to the problem Our plan for change management Realistic return on investment. The Problem. The problem statement should be:

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Business Case Template

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  1. Business Case Template A template for securing HRTech funding

  2. Agenda • The problem we are trying to solve • What the problem is costing our business • The solution to the problem • Our plan for change management • Realistic return on investment

  3. The Problem The problem statement should be: • Straight-forward • Specific • Actionable • Data driven • Bringing your leadership into your problem Example: The average worker in on the market for 10 days. Currently, it takes us 40 days to fill a job. We would aim to close that gap.

  4. The Cost of the Problem Your C-suite needs hard numbers. Frame the problem this way: • Cost per hire reduction • Time to fill reduction • Efficiencies created • This will impact the two items above Example: The average worker in on the market for 10 days. Currently, it takes us 40 days to fill a job. We would aim to close that gap. By closing the gap by 10 days, we could save the company $118,000/year. See the notes section for how this is calculated.

  5. The Solution The solution section should have: • Data! • A realistic approach • More than 50% of projects fail • Assumptions • A (SWOT) exploration • SWOT = Strengths, Weaknesses, Opportunities, and Threats • A clear path to solving the problem • An understanding of risks associated with the solution

  6. Change Management Plan This section should cover the following: • How you plan to roll this out • The project plan • How you will get the team to adopt the solution • The adoption plan • How this plan is reasonable • How this plan is achievable

  7. Realistic ROI Your ROI should be: • Hard numbers • Data driven • Focused on “realistic” • Achievable • Do not over-promise Hint:If you think the ROI is aggressive, lower the assumptions. Show that it is reasonably achievable. Show data and trends that demonstrate how the solution will get there.

  8. Questions? E-mail Bennett Sung at bennetts@allyo.com

  9. Questions? Contact AllyOhello@allyo.com

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