VR Software ROI Calculator The ROI calculator is created to be a guiding tool in establishing feasability for VR training in a material way. Although effective, there are certain aspects that are difficult to quantify in a standardised way. These include known benefits such as: - Improved training effectiveness - Employee retention - Investor sentiment - Environmental / sustainability impact Company Name Number of employees - Total employees enrolled in VR training Pay per hour - Average pay per hour per employee enrolled in VR training Investment VR content development Implementing & purchasing VR Training Hardware Licencing / Maintenance & ongoing support Internal resources time and effort Travel Trip reductions - Reduction in the number trips*1 per year due to no longer needing access to the learning center or specialized equipment. Cost per trip - Average cost per trip*1 among all employees enrolled. Work hours lost - Productivity/work hours lost due to travel time per trip*1. Savings on Travel Reduced Travel Cost Savings Cost savings from reduced travel costs, by reducing the ammount of trips Travel Productivity Gain Savings Cost savings from productivity time gained back due to less time spent on travel Training Training duration - The number of hours it takes to typically go through traditional training *2 Training sessions - The number of training sessions that an employee has to repeat on an annual basis *2 Savings on Training Productivity Time Cost Savings Cost savings gained by productivity increases from accelerated training times Efficiency Time Cost Savings Improved efficiency in time to complete VR training vs traditional methods Materials Equipment & materials - Company wide cost incured from damaged equipment & materials used for hands on trinaing over a one year period. *2 Savings on Material Usage Elimination of materials used for training as well as damaged equipment Incidents Incident cost - Average cost per incident in training *2 Incident frequency - Number of incidents per year that can be eliminated by incorporating VR training Productivity loss - Time in hours lost due to downtime, filing reports & investigations - per incident Savings from Incident Reductions Cost savings gained by reducing the number of incidents & productivity loss Calculate Results Return On Investment Year OneYear TwoYear ThreeYear Four $0$0$0$0 Cost: Year 1$0Savings: Year 1 - 5$0 Cost: Year 2$0 Cost: Year 3$0 Cost: Year 4$0Typical timeframe to refresh hardware (3-4 Years) Cost: Year 5$0 *1 Travelling both ways *2 That will be replaced by the VR simulation Please subscribe for the results × Email First Name Last Name Submit Get in Touch with us Today! Name(Required) Email(Required) Company(Required) Phone(Required) Your message EmailThis field is for validation purposes and should be left unchanged. Δ Contact Info Toronto, Canada 250 The Esplanade, Suite #310 Toronto, ON, Canada, M5A 1J2 Phone 1-888-253-3264