Sonar6 ROI
Sonar6 pays for itself many times over...
Retention
The cost of losing key staff is huge. The loss of intellectual property and experience (often to a competitor), the cost of recruiting a replacement and the long term disruption caused means the real cost is often greater than a year’s salary. Sonar6 identifies key talent quicker and helps you build great retention plans. If Sonar6 helps you retain one more top person a year… well it’s probably paid for itself many times over.
Engagement
Sonar6 helps you get the best out of your staff. The simple yet in-depth Sonar6 performance review helps managers and employees have better conversations, set clear expectations and build useful development plans. The result? Better staff engagement. A 5% increase in performance across your whole employee base is probably as big a gain as retaining that one star performer.
Addressing Poor Performance
Managers spend a staggering amount of time on problem staff; time that could be much better spent developing the solid performers and building the business. Sonar6 identifies poor performance quickly - so that it can be dealt with quickly.
Succession
Sonar6 identifies critical roles and key people, so that you can build succession plans and start developing the right capabilities within your employee base. When key people move on, roles can be filled with less disruption and its associated costs.
Snappier Process
Performance reviews are a requirement of most businesses. Sonar6’s unique visual approach reduces the amount of time taken to create a great performance review - and because it is online, it automatically collates everything for management and HR review. Saving time is saving money.
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