Peoplewave - Top 7 challenges for new hire onboarding

1. The Challenges of New Hire Onboarding
31st October 2018
Onboarding | Data-driven Appraisals | People Analytics | Blockchain

2. WHAT WE’LL DISCUSS TODAY
1. About Peoplewave.
2. Understanding early hire turnover and its cost.
3. The top 7 expectations of new hires and how to address them.
4. Q&A – Ask me anything!

3. @DamienCummings
CEO of Peoplewave
Email: damien@peoplewave.co
Twitter: @DamienCummings
Blog: http://www.medium.com/@peoplewave
LinkedIn: http://sg.linkedin.com/in/damiencummings

4. PERFORMANCE WAVE
(DATA-DRIVEN APPRAISALS)
Data-driven, transparent
customer and team reviews
AVAILABLE NOW
WAVEBASE
(BLOCKCHAIN)
FIRST 100 DAYS
(ONBOARDING)
Comprehensive new employee
onboarding tool
AVAILABLE NOW
Employee Data, Recruitment &
Background Screening
COMING SOON
PEOPLEWAVE PRODUCTS

5. Quiz!

6. Q. What is the annual
Singapore employee
turnover rate (%)?

7. A. 15.6%

8. 30% of new hires are
looking for a job
in 6 months.

9. The average cost of
turnover in Singapore is
$60,000 per person.

10. Cost of $4.1m for
a 1,000 person
company with
20% attrition.
COST OF TURNOVER CALCULATOR

11. 69% of employees are more
likely to stay with a company
for 3 years if they experienced
great onboarding.

12. What is great onboarding?

13. TOP 7 EXPECTATIONS OF NEW HIRES
1. Great first day! First impressions go both ways.
2. Role Expectations: Does the experience match what I was “sold” in the job
interview?
3. Simplicity & Efficiency: Does the organization provide employees with the means to
do their job efficiently, seamlessly and simply?
4. Happiness: Are employees happy in their work environment?
5. Growth: Do employee feel they are on a trajectory?
6. Culture: Do employees live something unique that’s peculiar to the company?
7. Social & Network: Do I know who to talk to, and will I make friends here?

14. THE FIRST DAY: FIRST IMPRESSIONS GO BOTH WAYS

15. JOB INTERVIEW VS. REALITY – SETTING EXPECTATIONS
No lies: Ensure whatever
was promised in the job
interview is delivered on.
Goals: Are employees clear
on what they need to do to
pass probation? What are
their immediate goals?
Checklist: What does the
new employee need to do?
Training, compliance, etc.

16. SIMPLICITY – MAKE YOUR EMPLOYEE’S LIVES EASIER
Consumer Tech: Can the
new hire use their phone?
Does the work experience
match the tech equipment
they use at home?
Locked Out: Do you
restrict access to social
networks, email, and other
critical services?

17. CAN I MAKE FRIENDS? WHO DO I NEED TO KNOW?
Social events: team lunch,
coffee or drinks.
Buddy system: Ensure the
new hire has someone to
talk to, or ask questions of.
Network: Map out and
explain all the important
stakeholder relationships.

18. Digital Onboarding can reduce turnover
by up to 20%

19. damien@peoplewave.co | +65 9113 6722
www.peoplewave.co