Project description
Retain staff, reduce turnover rate
Companies that experience unnecessarily high turnover rates are increasing costs with nothing to show for it. From recruitment strategies to training and retention techniques, keeping employees (and keeping them happy) is key. To welcome new employees, a growing number of European companies have built a strong onboarding process to help integrate them with the company and the culture. Currently, approximately 75 % of the companies worldwide have implemented an onboarding process, investing an average of EUR 5 380 per new hire. The EU-funded Mob project is developing an app dedicated to onboarding. It has 22 modules and uses push-up notifications, maps, surveys and virtual reality videos. Tried and tested, the app has significantly shortened the time spent to achieve social integration.
Objective
To reach full productivity, a new employee typically takes from 8 to 12 months. Moreover, during his/her first 45 days, 20% of them decide to quit. Currently, approximately 75% of the companies worldwide have implemented an onboarding process investing an average of €5,380 per new hire. Manual delivering of onboarding information is not effective, but it is a heavy workload for HR managers and cannot be tracked; whereas available software in the market simply refer the employee to the intranet, which can consume up to 30% of the workday. MoB is an app dedicated to onboarding, with 22 modules delivering effective communication using: push-up notification, maps, surveys, virtual reality videos that allow the user to know the facilities and gamification, that increases the probability and an effective consumption of information. And which is more important, MoB is a non-intrusive, white-label and extremely intuitive app: it can be seamlessly integrated into companies’ existing IT systems, with perfect alignment with the corporate image, and easily configurable and manageable by non-IT experts.
We have a SaaS business model that allows: 1) employees (end-users) to increase 23% their confidence and satisfaction and to have access to 5% more benefits. Moreover, MoB reduces 56.4% the time expended to achieve self efficiency and social integration. 2) companies with high employee turnover rates (customers) to increase 75% employees’ engagement, while reducing 31% employee turnover. With MoB, employees reach 97.7% productivity within the first 10 days. Through this project, we aim to boost Iphonedroid competitiveness by generating revenues of €23.5M by 2026 and increasing our workforce by at least 50%..
Fields of science
- social scienceseconomics and businessbusiness and managementbusiness models
- social scienceseconomics and businesseconomicsproduction economicsproductivity
- social scienceseconomics and businessbusiness and managementemployment
- natural sciencescomputer and information sciencessoftwaresoftware applicationsvirtual reality
Programme(s)
Funding Scheme
SME-1 - SME instrument phase 1Coordinator
28031 MADRID
Spain
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.