9 Surprising Employee Onboarding Statistics by Lessonly
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Hbr achievers report_sep13
Executive Summary
Employee engagement has become a top business priority for senior executives. In this rapid
cycle economy, business leaders know that having a high-performing workforce is essential
for growth and survival. They recognize that a highly engaged workforce can increase innovation,
productivity,
and bottom-line
performance
while reducing
costs related
to
hiring
and
retention
in highly competitive
talent
markets.
But while most executives see a clear need to improve employee engagement, many have
yet to develop tangible ways to measure and tackle this goal. However, a growing group of
best-in-class companies says they are gaining competitive advantage through establishing
metrics and practices to effectively quantify and improve the impact of their engagement
initiatives on overall business performance.
High-Performance Organization: The impact of employee engagement on performance
High-Performance Organization: The impact of employee engagement on performanceJonathan Escobar Marin
- Employee engagement has become a top priority for companies as it can increase productivity, innovation, and bottom-line performance while reducing costs. However, many companies still struggle to effectively measure engagement and tie it to financial metrics.
- The study found that just 24% of respondents said most employees in their organization are highly engaged. Executive managers viewed engagement more optimistically than middle managers.
- "High prioritizers" who see engagement as extremely important are more likely to use metrics to improve performance and share best practices like goal alignment, recognition programs, and surveys to connect engagement to business outcomes.Impact of Employee Engagement on Performance (Harvard Business Review)
Employee engagement has become a top business priority for senior executives. Yet while most executives see a clear need to improve employee engagement, many have yet to develop tangible ways to measure and tackle this goal. However, a growing group of best-in-class companies says they are gaining competitive advantage through establishing metrics and practices to effectively quantify and improve the impact of their engagement initiatives on overall business performance.
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1. The survey found that employee engagement is the most important HR challenge facing organizations as human capital becomes critical to business success. Nearly half of respondents said engagement was a top challenge.
2. The survey results showed that employees are more motivated and perform better when rewarded with praise and prizes. Over 90% of respondents said positive feedback has a greater impact than negative feedback on performance. Most employees are more motivated by recognition that includes a reward.
3. While years-of-service awards are common, the survey found they are often one of the least effective types of recognition programs. Peer-to-peer recognition was seen as more effective by respondents.
Linkedin global recruiting trends report 2017
Why read this ?
In order to plan for the future, you need to understand where
you stand compared to your peers. The goal of this report
is exactly that -- to help talent leaders like you benchmark
against teams across the globe when it comes to the most
important recruiting metrics and trends.
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1. Recruiting teams play a crucial role in companies' futures and talent is the top priority, though most teams' sizes will remain the same.
2. Hiring volume will increase for many, with a focus on sales, operations, and engineering roles. Quality of hire and time to fill remain top metrics.
3. Most recruiting budgets are spent on traditional tactics like job boards and agencies, though leaders want to invest more in branding and tools.
4. Employer branding has significant impact on hiring but receives limited budgets; culture messaging attracts candidates' interest the most.
5. Key future trends include increasing diversity, automation
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Global Recruiting Trends 2016
To truly influence business decisions, you need to understand where the industry is going. This 5th annual report uncovers worldwide recruiting trends that will move your organization forward, and help position you as a strategic business partner.
What’s more interesting is a renewed emphasis on relationships, which is a critical factor in talent acquisition. Learn how this theme ties into the top priorities, upcoming challenges and opportunities ahead in 2016 and beyond.
GRT16_GlobalRecruiting_100815
The document summarizes key findings from LinkedIn's 2016 Global Recruiting Trends report. Some of the top trends highlighted include quality of hire continuing to be the most important recruiting metric, employee referrals growing as an important hiring source, and employer branding emerging as a higher priority. While employee retention is a top concern, internal mobility programs are still lacking. Overall, the report finds relationships will be critical for talent acquisition success going forward.
Global Recruiting Trend for 2016
This document summarizes key findings from a global recruiting trends report. It finds that quality of hire continues to be the top metric for measuring recruiting performance. Employee retention is also emerging as a top priority. Employee referral programs are seen as an increasingly important hiring source and long-lasting trend. Employer brand is also a renewed focus, with organizations investing more and taking a more proactive, cross-functional approach to developing their employer brand strategy.
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- 2. 1 New employees who attended a well structured onboarding orientation program were 69 percent more likely to remain at a company up to 3 years.
- 3. 2 When new employee onboarding is done correctly, it leads to higher job satisfaction, organizational commitment, decreased turnover, better performance levels, career complementing, and lowered stress.
- 4. 3 25 percent of companies admitted that their onboarding program does not include any form of training, program does not include any form of training, which leads to a loss of 60 percent of the entire workforce.
- 5. 4 Approximately 35 percent of companies spend 0 dollars on onboarding.
- 6. 5 60 percent of companies indicated that they do not set any milestones or concrete goals for new hires to attain.
- 7. 6 One multi-million dollar organization that engages in intensive onboarding during orientations has managed to move from 23rd place on Fortune magazine’s “100 Best Places to Work” to 15th place in 2010.
- 8. 7 A combined 71 percent of a survey respondent list are currently in the process of updating their onboarding programs.
- 9. 8 The 30 percent of businesses who continually update their onboarding programs are more likely to be positioned to respond to industry indicators and employee trends.
- 10. 9 Organizations with a standard onboarding process experience 54 percent greater new hire productivity and 50 percent greater new hire retention rate.
- 11. Need a better onboarding process? Download the FREE Onboarding Process Flow Chart