Using Howdy's Calculator to Estimate Your Savings
Last updated February 6, 2024
Introduction
In the quest to optimize operational budgets, understanding the potential savings in hiring costs can be a game-changer for businesses. Howdy's innovative savings calculator is designed to help companies visualize the financial benefits of tapping into the LATAM talent pool. This tool provides a straightforward way to estimate the cost savings of hiring developers through Howdy compared to traditional hiring methods. Here's a step-by-step guide on how to use Howdy's calculator to forecast your hiring savings.
Steps to Use Howdy's Savings Calculator
- Access the Calculator
- Objective: To begin the process of estimating your savings.
- Key Points:
- Navigate to Howdy's website and locate the savings calculator, typically found under the resources or tools section.
- The calculator is free to use and does not require any registration or login, making it easily accessible for all businesses.
- Input Your Current Hiring Costs
- Objective: To establish a baseline for comparison.
- Key Points:
- Enter the average salary for the developer role you're looking to fill, including any additional costs such as benefits, taxes, and overheads associated with in-house employees.
- If unsure about the total costs, Howdy's calculator may provide average industry costs to help you get started.
- Select the Developer Role and Expertise Level
- Objective: To tailor the savings estimate to your specific needs.
- Key Points:
- Choose the developer role you are hiring for (e.g., front-end, back-end, full-stack) and the level of expertise required (junior, mid-level, senior).
- This step ensures that the savings estimate reflects the cost differences accurately based on the role and experience level.
- Review the Estimated Savings
- Objective: To understand the potential financial benefits of hiring with Howdy.
- Key Points:
- The calculator will display an estimated savings amount, comparing the cost of hiring a developer in your local market versus a LATAM developer through Howdy.
- Savings are calculated taking into account the reduced salary expectations in LATAM and the elimination of intermediary fees.
- Consider Additional Benefits
- Objective: To factor in non-monetary advantages that contribute to overall savings.
- Key Points:
- Beyond direct cost savings, consider the value of quick hiring times, access to a broader talent pool, and the flexibility of scaling your team according to project needs.
- These factors can lead to indirect savings through increased efficiency and productivity.
- Plan Your Hiring Strategy
- Objective: To use the savings estimate to inform your hiring decisions.
- Key Points:
- Based on the estimated savings, evaluate how reallocating your budget could impact other areas of your business.
- Consider engaging with Howdy's team for a more detailed consultation on how to implement a cost-effective hiring strategy.
Conclusion
Howdy's savings calculator is an invaluable tool for businesses looking to make informed decisions about their hiring strategies. By providing a clear estimate of the potential savings associated with hiring LATAM developers, companies can better plan their budgets and optimize their talent acquisition processes. Take the first step towards maximizing your hiring efficiency and cost-effectiveness by utilizing Howdy's calculator today.