Bringing new developers on board can often be a lengthy endeavour, stretching over weeks or even months before they're fully integrated into a team and project. Consider this: during the onboarding period, every hour counts, both in terms of time and cost. Imagine a scenario where the average hourly rate for developers is $70/hr. If a new hire spends 60 hours onboarding, that translates to a significant investment of $4,200 just to get that developer up to speed. But that's not all. It's essential to consider the opportunity cost as well. A new developer, depending on their experience level might take over two months to reach full productivity. During this time, their output is not just limited; they're also more than twice as likely to leave due to ineffective onboarding. In essence, the true cost of onboarding extends beyond the dollars spent on training—it includes lost productivity, increased turnover, and missed opportunities. By streamlining your onboarding process with EaseIn(https://easein.io), you can not only save time but also maximise the return on your investment in new talent. #developeronboarding #onboarding #Productivity #Retention #Onboarding #employeeexperience #techonboarding
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Founder And Executive Manager Specializing In Technology-Enabled Accounts Receivable Financing/ Factoring And Dedicated To Fast, Solution-Oriented Funding To Satisfy The Working Capital Needs Of Businesses.
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