Onboarding is the afterthought of the recruiting process that doesn’t get as much attention as it should.
Researchers have uncovered how poorly most organizations perform this function and the negative effect it has on hiring.
-Over 20% of companies have no formal onboarding program.
-Almost 40% of organizations have onboarding programs lasting less than a month.
-60% of companies fail to set goals for their new hires.
And yet, the connection between proactive onboarding and positive outcomes is well established.
-New hires who go through a structured onboarding program are 58% more likely to be with the organization three years later.
-20% of turnover happens in the first 45 days.
-Companies with a standardized onboarding program experience 50% greater retention.
Do you have a structured onboarding program for your team?
If so, are you proud of your program?
Onboarding is one of the business functions where even a small investment will produce a measurable return.
