• Setting The Bars
  • Advisory
  • Development
  • MetActivations
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    • Setting The Bars
    • Advisory
    • Development
    • MetActivations
  • Setting The Bars
  • Advisory
  • Development
  • MetActivations

At Setting The Bars, our immersive solutions DELIVER employee engagement that is critical to every business, every team, and every individual's success.


Franklin Dale

ON-BOARDING

In today's competitive landscape, simply attracting talent isn't enough. Keeping that talent, nurturing it, and empowering it to thrive directly impacts the bottom line and long-term health of every organization. 


  • Imagine a world where your new hires are so engaged, so productive, that they not only stay, but thrive. Did you know that companies with a strong on-boarding process improve new hire retention by 82%? Think about the cost savings there, the accumulated knowledge, the deeper team cohesion.
  • But it's not just about staying; it's about performing. A top-tier on-boarding experience also improves new hire productivity by over 70%. That's not just a marginal gain; that's a transformational leap in getting your new team members contributing meaningfully, faster.
  • When on-boarding is poor, when it's just a stack of papers and a forgotten login, the impact is severe. One in three new hires quits within their first six months. Think of the recruitment costs, the lost momentum, the damage to team morale when that happens.
  • And for those who stay but aren't properly on-boarded? Their engagement suffers. Only 12% of employees believe their company does a great job with on-boarding. This isn't just a number; it's a direct indicator of potential disengagement and reduced productivity down the line.


Consider this: It can take eight months for a new employee to reach full productivity. What if you could significantly shorten that ramp-up time, getting your talent contributing at their peak much, much faster? Effective on-boarding is the key.

RETENTION

Did you know that 1 in 3 new hires quits within their first six months? This isn't just a revolving door; it's a significant drain on resources, productivity, and team morale. Each departure represents a substantial cost in recruitment, training, and lost institutional knowledge.


  • The impact of high turnover extends far beyond just replacing a person. Companies with high turnover rates can see a 200% loss in productivity. Think about the ripple effect across teams, the delays in projects, and the strain on existing employees who pick up the slack.
  • And when you factor in the financial implications, the picture becomes even clearer. The cost of replacing an employee can be as high as 150% of their annual salary. That's not just a statistic; that's a direct hit to your profitability and your ability to invest in growth.
  • Consider this: It can take eight months for a new employee to reach full productivity. If you're constantly replacing employees, you're perpetually operating below optimal capacity, never quite reaching your full potential.


These aren't just statistics; they are a stark reminder of the critical importance of a proactive and strategic approach to retaining your most valuable asset: your people. Focusing on retention isn't just about reducing costs; it's about building a stable, experienced, and highly effective workforce that can drive innovation, achieve ambitious goals, and ensure the long-term success of your business.

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