What is a soft benefit?

The mantra for this type of benefit is ‘Doing more with less.’ Soft Benefits, often referred to as ‘Indirect’ or ‘Qualitative’ benefits, are line items that do not show up in budgets. Typically, they are risks that would be mitigated to a degree by making an investment in a B2B solution.

What are some examples of soft benefits?

Some examples of a soft benefit include the project leading to workplace flexibility, performance rewards or improved employee morale. Although there is a difference between hard and soft benefits, it is still advantageous to include both when deciding whether to go ahead with a specific project.

What are hard benefits & soft benefits?

Most projects produce some combination of “hard benefits” and “soft benefits.” It is easier to agree on the existence and value of hard benefits. This type of benefit is real, tangible and measurable. Examples of hard benefits include: Calculating the financial worth of hard benefits tends to be straightforward.