The Keys to a Successful Onboarding Experience

Navigate Onboarding With These Helpful Captains

Image: Benefits of a well-structured onboarding process
Benefits

of a well-structured onboarding process

Image: Disadvantages of a poorly structured onboarding process
Disadvantages

of a poorly structured onboarding process

Image: The Impact of Employee Onboarding
Image: The Impact of Employee Onboarding
Image: The Impact of Employee Onboarding

The Impact of Employee Onboarding

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)

Satisfaction

72% of managers,

81% of administrators,

75% of employers

believe they do not have a good onboarding process
(Ragan)

Image: The Impact of Onboarding on New Hire Retention
Image: The Impact of Onboarding on New Hire Retention
Image: The Impact of Onboarding on New Hire Retention

The Impact of Onboarding on Employee Engagement

Including absenteeism, productivity, and employee satisfaction

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)

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)

New hires are

3xmore likely to feel comfortable after their first day

2xas likely to still feel comfortable later in their first year

(Ragan)

Image: The Impact of Onboarding on New Hire Productivity & Performance
Image: The Impact of Onboarding on New Hire Productivity & Performance
Image: The Impact of Onboarding on New Hire Productivity & Performance

The Impact of Onboarding on New Hire Retention

In the first 6 months

90% of new hires decide whether or not to stay at the company
(Bersin Deloitte)

% of new hires leaving the organization each month

  • 17.42%
  • 16.77%
  • 17.32%
  • 10.92%
  • 5.48%
  • 14.48%

(The Impact Instruction Group)

66% stay longer than 3 years
(US Department Of Labor)

Image: The Impact of Onboarding on Financial Results
Image: The Impact of Onboarding on Financial Results
Image: The Impact of Onboarding on Financial Results

The Impact of Onboarding on New Hire Productivity & Performance

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)

It typically takes 8 months for a newly hired employee to reach full productivity
(Gallup)

Image: The Impact of Onboarding on Financial Results
Image: The Impact of Onboarding on Financial Results
Image: The Impact of Onboarding on Financial Results

The Impact of Onboarding on Financial Results

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%

(The Recruiting Roundtable)

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

Image: How Can You Deliver an Outstanding Onboarding Experience?
Image: How Can You Deliver an Outstanding Onboarding Experience?
Image: How Can You Deliver an Outstanding Onboarding Experience?

How Can You Deliver an Outstanding Onboarding Experience?

  • Socially engage new hires by inviting them to connect with the company culture and colleagues on an online employee hub
  • Leverage an onboarding portal to provide new hires with the right tools, resources, and documents to set them up for success going forward
  • Streamline online onboarding with branded portals, digital forms, web docs, and e-signatures in order to save time for value-add activities
  • Involve new hires in onboarding with a self-service scheduling tool for orientation meetings and training
  • Open up the lines of communication by using new hire surveys to allow timely input and supportive feedback
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