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Unlock the Magic of Onboarding

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Unlock the Magic of Onboarding

  1. 1. UNLOCK THE MAGIC OF Onboarding Onboarding You’ve spent time and money to find the perfect candidate. Once they’ve accepted an offer, making sure they are prepared and confident to do their job successfully is the next vital step.
  2. 2. Importance of OnboardingImportance of Onboarding RESEARCH SHOWS THAT ACTIVE ONBOARDING MEANS NEW HIRES ARE: oriented faster competent and productive quicker retained on the job longer
  3. 3. MORE REASONS TO UP YOUR ONBOARDING GAME: 20% of new hires leave within the first 45 days. 60% of managers who fail to onboard successfully cite failure to establish effective working relationships as the main reason.
  4. 4. Time to Full Productivity for New Hires and Transfers Time to Full Productivity for New Hires and Transfers Training Industry Quarterly 2012 Workforce Mobility Survey “The First 90 Days” 24 MONTHS 8-12 MONTHS 6.2 MONTHS ORGANIZATIONS WITH A STANDARD ONBOARDING PROCESS EXPERIENCE 54% GREATER NEW HIRE PRODUCTIVITY AND 50% GREATER RETENTION.
  5. 5. onboarders are 2x as likely to reduce new hire time to proficiency. INVESTED CLICK TO VIEW FULL INFOGRAPHIC
  6. 6. THE REASONS WHY EXECUTIVES FELT THEY FAILED IN A NEW ROLE Poor understanding of how organization functions 69% Ineffective decision making 31% Disagreement over strategy 28% Lack of experience or skill 26% Misfit with culture 65% Difficulty aligning with peers 57% Lack of understanding with business model 48%
  7. 7. “A study of the onboarding process at Texas Instruments found that employees who went through an improved onboarding process were fully productive two months faster than employees in a traditional program.”
  8. 8. WHERE HR EXECUTIVES SAY THEIR COMPANIES SPEND TIME ONBOARDING... 88% Administrative 86% Business Orientation 85% Compliance & Legal 52% Expectation Alignment 33% Stakeholder Meetings 29% Cultural Integration CLICK TO VIEW FULL INFOGRAPHIC
  9. 9. Steps Smart Companies Employ in Onboarding Steps Smart Companies Employ in Onboarding Communicate prior to the first day – and throughout the onboard- ing process 1 Concentrate on the company’s culture and values 2 Set expectations for performance and career paths 4 Evaluate and measure to ensure success and to refine processes 5 Make time to train for performance 3
  10. 10. SOURCES: 1. Jenna Filipkowski, P. (2016). Onboarding Outcomes: Fulfill New Hire Expectations. Human Capital Institution , The Global Associatoin of Talent Management. Cincinnati: Human Capital Institution. 2. Mark Byford, M. D. (2017, May-June --). Harvard Business Review. May-June 2017, pp. 78-86. Retrieved from hbr.org: https://hbr.org/2017/05/onboarding-isnt-enough. 3. Olson, B. (2017, April 20). The Simple Truths About Onboarding. Retrieved from essium.co: http://essium.co/2017/04/the-simple-truths-about-onboarding/. 4. Talya N. Bauer, P. (2010). Onboarding New Employees: Maximizing Success. SHRM Foundation. Alexandria : SHRM Foundation. CLICK TO VIEW FULL INFOGRAPHIC

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