0
0
Andela Inc., the world’s largest private marketplace for technical talent, has released a Total Economic Impact (TEI) study conducted by Forrester Consulting. The study highlights significant returns on investment and operational benefits for companies utilizing Andela’s global talent pool.
- ROI and Financial Benefits: Companies using Andela achieved a three-year ROI of 97%, with benefits including accelerated time-to-hire for technical talent by 66% and faster project timelines by 33%. This resulted in faster time to market and increased project revenue.
- Cost Savings and Risk Reduction: Organizations leveraging Andela reported labor cost savings, reduced compliance risks, and avoided costs associated with wrong placements of skilled workers.
- Financial Impact: Forrester’s composite organization, representing companies with 2,500 employees and $1 billion in revenue, could realize $22 million in benefits over three years versus costs of $11.2 million, translating to a net present value of $10.9 million.
- Customer Testimonials: Customers highlighted benefits such as accelerated project ramp-up, expanded project bandwidth, increased agility, and improved project quality through Andela’s services.
CEO Statement: Jeremy Johnson, CEO of Andela, emphasized the critical importance of rapid access to high-quality talent in today’s competitive landscape. He underscored Andela’s role in enabling enterprises to hire with confidence and achieve substantial business outcomes.
Additional Benefits:
- Flexibility and Diversity: Companies appreciated Andela’s ability to swiftly onboard diverse talent from around the globe, catering to project-specific needs and enhancing project flexibility.
Andela’s TEI study demonstrates its pivotal role in helping organizations meet their technical staffing needs efficiently and effectively, contributing to enhanced project outcomes and competitive advantage in the market.
