The Math: Financial Opportunities And Cost Savings Of Adopting REACH LX

When assessing REACH LX from a numbers perspective, there's two ways to assess it. The choice often depends on the size and maturity of the organisation and HR function.


1. For younger or smaller organisations it's often most useful to calculate the size of the opportunity by using the Opportunity Analyzer. This helps you uncover the hidden costs of your status-quo, and quantify the upside of taking initiatives using REACH LX. 


2. For larger organisations that have initiatives in place, the focus is often on doing more with less and equipping leaders at all levels to be more effective. All while reducing expenses, reducing the number of platforms and improving reporting.


To assess your opportunities from that perspective, use the savings calculator below. You only need to enter values that you know and that are relevant to you.


Current Expenditure Cost per use Description Annual Quantity Current Annual Cost
Behavioural Profiles - Development - Put in the drawer and forgotten. $ per use. $
0
Behavioural Profiles - Recruitment. Used in one context, then forgotten. $ per use. $
0
360 Degree Surveys - Used to debrief, then put in the drawer. $ per use. $
0
Engagement/EX Surveys/Platforms - In many cases organisations pay per use, or pay a subscription - which is commonly only used once per year. Many organisations still also pay per survey, either way, enter your costs here. $ per use/per year $
0
Appraisals Platform
Do you pay for an appraisals platform or module?
$ per person/per year $
0
Corporate Training Materials How much do you currently spend on soft skill learning resources? Licenses / Instructional Design from scratch. $ Licence Fees or Instructional Design Costs $
0
eLearning Licensing for soft skills $ Licence Fees or Instructional Design Costs $
0
Platforms Reduction and Simplification: Cost per year Description Hours Spent Current Annual Cost
Time and money saved in simplification, integration and consolidation. If all the products and platforms above were from a single place, consider the amount of HR, IT, Procurement and staff time dealing with all the suppliers and platforms that could be saved. What is the value and amount of time you could save? $ Hours spent researching, evaluating suppliers, budgeting, paying invoices, maintaining supplier relationships $
0
Opportunity Cost Of Using Older-style Approaches Cost per Initiative Description Annual Quantity Current Annual Cost
Time Spent On Training Needs Analysis:  With REACH, training needs are always automatically up to date. Based on role, competency and culture. $ Hours spent collecting, collating and analysing training data. $
0
Providing eLearning That Sits Unused: Many organisations have experienced the frustration of launching a world-class eLearning platform that no one uses. The REACH LX approach sees up to 1200X greater particpatiopnt than other platforms. $ Time spent researching and implementing platforms. $
0
Opportunity Cost Of Limited Reporting: With REACH LX People development, leadership development, culture development, building agility are measurable. So you can quickly analyse your data, report on outcomes, and identify where and why to target actions. $ Working with limited information and difficulty quantifying impact. $
0
Opportunity Cost Of Initiatives Not Embedded: Consider time and money spent on profiling, coaching, culture initiatives, 360's, team building and training that are just a moment in time event, and without AI, integration and resources to keep it alive. $ Investment in Initiatives that didn't stick. $
0
Opportunity Cost Of Stalled Leader-led Coaching Programs: Many organisations launch coaching initiatives well, but fnd they are hard to sustain. What was the opportunity cost of not equipping leaders with the unique REACH LX Coaches Companion which helps keep momentum? $ Investment in Initiatives that didn't stick. $
0
Current Costs
Total Current Expenditure and Opportunity Cost $
0
Per annual

$0 Per month
REACH Pricing
Leader Seats: (view volume discounts) $200 Per month
1st C-Suite/HR Seats:  $3,000* per month
Additional C-Suite/HR Seats:  $1,500* per month
*C-Suite/HR Seats attract a 50% discount once 2 or more leader seats are active.