Scotiabank & Plum ROI Case Study

By Nucleus Research

 

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Nucleus Research Plum ROI Case Study

ROI: 182% Payback: 7.2 Months

"Scotiabank's deployment of Plum for its campus hiring efforts underscores the quantifiable⁠—and scalable⁠⁠—return on investment that organizations can achieve by implementing the vendor's Talent Assessment Platform and ditching antiquated means of assessment to expand applicant reach and improve DE&I strategy."

- Evelyn McMullen, Research Manager, Nucleus Research

Financial Results

  • Payback Period: 0.6 years
  • Annual ROI: 182%
  • Average Annual Benefit: $280,818
  • Benefit Type: 100% Indirect
  • Cost:Benefit Ratio: 1:3.1

Before Plum, Scotiabank heavily relied on resumes as its primary assessment tool for on-campus recruiting, which proved to be ineffective in determining the future performance of new hires. Since implementing the Plum pilot, Scotiabank has been able to eliminate the usage of resumes in its campus hiring process and increased retention of these hires by 20 percent, resulting in annual cost savings of more than $280,000 and a more diverse and inclusive hiring process that expanded applicant reach.


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Snapshot Results