The Keys to a Successful
Onboarding Experience
Navigate Onboarding With These Helpful Captains
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Benefits of a well-structured onboarding process
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Disadvantages of a poorly structured onboarding process
Onboarding ranks #2 with the highest business impact of all 22 HR practices
(BCG)
71% of US companies plan to increase hiring over the next 12 months
— yet only 32% of companies have a formal onboarding process in place
(The Aberdeen Group)
ENGAGEMENT Including absenteeism, productivity,
and employee satisfaction
Employee Engagement: Disadvantages of a Poorly Structured Onboarding
Only 25% of employees worldwide feel connected to their company’s mission and 50% do not find meaning or significance in their current role
(O.C Tanner)
98% of new hires who don't receive feedback during their onboarding period fail to engage
(Gallup)
Yet only 40% of companies set milestones or set goals
(Gallup)
Employee Engagement: Benefits of a Well-Structured Onboarding
69% greater new hire engagement when managers set goals
(Gallup)
66% of organizations claimed a higher rate of successful integration of new hires into company culture
(The Aberdeen Group)
54% saw significant gains in employee engagement
(The Aberdeen Group)
Employee Engagement: Benefits of a Well-Structured Onboarding
New hires are
3x more likely to feel comfortable after their first day
2x as likely to still feel comfortable later in their first year
(Ragan)
New Hire Retention: Disadvantages of a Poorly Structured Onboarding
In the first 6 months
90% of new hires decide whether or not to stay at the company
(Bersin Deloitte)
33% actively start looking for a new job - among millennials the % is even higher
(The Impact Instruction Group)
% of new hires leaving the organization each month
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17.42%
-
16.77%
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17.32%
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10.92%
-
5.48%
-
14.48%
(The Impact Instruction Group)
New Hire Retention: Benefits of a Well-Structured Onboarding
66% stay longer than 3 years
(US Department Of Labor)
New Hire Productivity & Performance: Benefits of a Well-Structured Onboarding
It typically takes 8 months for a newly hired employee to reach full productivity
(HR Allied IQ)
83% of the highest performing organizations began onboarding prior to the new hire’s first day on the job
(The Aberdeen Group)
11.5% improvement in employee performance
(The Recruiting Roundtable)
20% increase in hiring manager satisfaction
(Trident Consulting)
Time to productivity is halved, 54% quicker
(Interactive Services)
Financial Results: Disadvantages of a Poorly Structured Onboarding
Average cost to fill a position is $11,000 yet almost 30% of companies spend $0 on onboarding
(HR Allied IQ)
Cost of replacing an employee (% of annual salary):
For entry-level employees, between
30-50%
For mid-level employees, upwards of
150%
(ERE)
Financial Results: Benefits of a Well-Structured Onboarding
218% increase in income per employee
(Huffington Post)
Corporate revenue & profit margins: 2x growth
(Boston Consulting Group)
78% of organizations saw an increase in revenue (1 in 3 saw increases of more than 10%)
(Brandon Hall Group)