How Much Does it Cost to Develop a Feature-rich Employee Mentoring Software?

How Much Does it Cost to Develop a Feature-rich Employee Mentoring Software?

Any enterprise software development involves not just the cost of development but also the charges of its handling, integration, and installation.

Let us explore a bit of the basics about an Employee Mentoring Solution, along with the charges it may levy for the features it ideally should have.

We’ll jump on to other factors that are also a part of the costing, and are common with any software development irrespective of their industry orientation.

Employee Mentoring Software

Employee Mentoring Software is all about transferring the knowledge to the successors. Yes, the successors in the company are those who would contribute to the organization by joining as an employee to learn and serve simultaneously.

The objective of incorporating such software is to free the existing senior employees from the headache of transferring the knowledge manually to the new ones. And to establish a relationship between different levels of employees so that they could help each other by communicating through it without requiring to meet each other physically for every little requirement.

It is a career-developing practice, and it requires utmost tracking and maintenance to extract the best out of it. The 5 most basic features according to the Elearning software development experts, that make it costlier are as follows-

Features: Employee Mentoring Software

An Employee Mentoring Software involves the following features-

  1. Scheduling sessions
  2. Tracking progress
  3. Mentoring sessions
  4. Reporting panel
  5. Panel to create profiles for each employee individually, etc.

Mentor matching is the most essential and intelligence-demanding feature that matches the employees with their mentors as per their skill sets and requirements. Now, this could be done only through embedding Artificial intelligence hiring an AI developer.

Mentor matching is the process that cross-checks the necessary expertise and matches the two with a common niche.

Employees are supposed to create their profiles, sign up as an employee, and put in their necessary details so that the matching process could be easily executed.

If the same matching has to be done manually, it would have taken numerous minutes, sometimes even days to suggest an appropriate mentor for an employee.

The HR team is to be engaged if manually executed. The HR personnel would put in the best they could, as per their understanding of the skill sets and requirements, but can’t fulfill the technical gaps.

However, the EMS would be an intelligent software with adequate knowledge and ability to suggest in-depth recommendations according to the requirements and would assign the best mentor as per their skills, experience, and niche.

Mentee chooses the Mentor & Vice Versa

An ideal employee mentoring software should allow the bi-directional way of choosing one another.

Either the employee or the mentor should have the option to choose their respective sub-ordinate as per their requirement.

A suggestion section or request section could be added to carry the message, a mentee would desire to send as a justification of choosing a mentor, possibly due to any personal reason.

Intro Sessions and Plan Future Sessions

Intro sessions are just to initiate the communication between two respective members of the company.

Companies today are hiring and expanding without opening their offices. Thus, the team density is changing abruptly without having the personal & physical interviews conducted.

Therefore, such mentoring software is becoming a necessity to incorporate within the organization. To bridge the gap that this work from home trend has created for the new employees to climb the mountain of distance learning sitting at their homes from the seniors.

Workforce management tools, training management software, and Learning management systems are also helpful in keeping employees up to date with the knowledge enhancement within the organization, that too without requiring the physical presence of any employee.

A feature to organize future sessions with the sub-ordinate is to schedule the future sessions as per their availability in the official time and attendance calendar.

Cost to Develop Feature-Rich EMS

The costing of such software varies in two ways usually-

  1. Cost as per the feature addition
  2. Cost as per the hours to develop

Having the ideal features are already mentioned above, considering the first case, the cost would be around $20-$30 per feature per month. However, depending upon the edition you have subscribed to, your monthly charges may vary.

The subscription frequency too may vary from a monthly to yearly basis.

Considering the three possible levels of Employee mentoring software including Basic, Medium or Premium, and the Enterprise level.

The Basic level would possibly have all the basic features but not the ongoing database customizing abilities.

Automatic constant contact integration would be a feature of the premium edition, costing $10 more than the basic level per month. However, there are some features that are addable in every level by adding a particular price for each of them individually. And they are-

  1. Mobile access
  2. Mass texting
  3. Custom Webinars
  4. Enhanced Email deliverability
  5. Mentor Portal
  6. In-Person Training
  7. Extended Backup Retention
  8. Volunteer Background Checks, etc.

Having an idea about how much an Employee mentoring software would cost you to develop, along with the features that should be ideally present in it. Let us know some of the common charges that are leviable with any other software development irrespective of their category or industry it belongs to.

  1. IT Consultation charges
  2. Resource hiring charges
  3. Integration service charges
  4. Mobile access implementation charges
  • IT Consultation is such a requirement that starts with the idea generation of a project and sustains even after the launching of the same. It involves the involvement of IT experts, with adequate experience in development, marketing, and implementation altogether.

They help in cost-cutting and keeping the software solution as smart as it could be, by brainstorming over your idea, its possibilities, and everything beyond a normal person’s thinking ability.

  • Resource hiring is a basic need, which we all have to fulfill either we have an in-house development team or to hire IT outsourcing services for the same. Today, we have India and other countries like the UK, USA, as the best IT outsourcing service providers.

India, with more than $150 billion of revenue only generated through IT outsourcing, is a leading provider of IT services. Cloud services are snatched to improve the abilities of IT outsourcing. It is believed that more than 90 percent of the companies are adopting cloud computing consulting services only to expand their IT outsourcing services.

Moreover, the only main challenge that comes with outsourcing and cloud computing altogether is data security. That too is nowadays not a major issue to resolve because EDI professional services are there at a nominal range of budget.

  • Integration services are a rich dimension without which an IT operation would not work smoothly. It is about bringing all the entities together to keep things in flow, productive, transparent later but operable first.

We need integration services irrespective of any industry-based business we have. We need them for a controlled or laminar flow of the entire work by connecting each and every necessary dimension of an organization with each other.

  • Mobile access charges are always separately levied due to their different development wings. It is the most important requirement for any business as more than 90 percent of consumers all across the world have only mobile connections as the most common factor, that they use it, and perform more than 65 percent of operations through it only.

Conclusively, when you hire an LMS software development company, you would have to deal with the other basic charges as well. The average cost to be incurred on developing an enterprise-level of employee mentoring software is beyond $5000 for a year.

However, the basic level would cost between $200 to $1000 for its setup execution.

Author’s Bio: Alicia is a technical content writer and is associated with A3logics for over a couple of years. She is often found indulged in ecommerce software solutions and struggling with some of her upcoming projects. She is often found discussing the latest developments with the technical team. When not working on any of her writing projects, she is either reading any of the Agatha Christie mysteries or busy gardening.

Hi, I'm Raj Hirvate and I am a Tech Blogger from India. I like to post about technology and product reviews to the readers of my blog. Apart from blogging i'm a big Anime fan I Love Watching Naruto, One piece and Death Note.