The Numbers Speak For Themselves
The world of HR is constantly changing as tech and culture do. The world of onboarding is no different. It can be difficult to keep up with the latest trends while being strategic about what to introduce into your organization. If we don't keep up, we run the risk of becoming obsolete as a partner, running inefficient processes, and falling behind on key attraction/retention tools.
The numbers speak for themselves, see for yourself!
Gallup¹ reported that a whopping “88% of new hires believe they aren’t given a good onboarding program”. Perhaps they feel this way because according to HCI², “58% of organizations have onboarding programs that are mainly just processes and paperwork.” Focusing on the administrative tasks leaves onboarding at just that, conventional onboarding. But to guide new managers into successful leaders, they’ll need a revolutionary assimilation.
And new managers aren’t always new hires. When someone is good at their job, they are often promoted to manager. But that doesn’t mean they know how to manage and what happens if they aren’t taught how? Kronos and HCI³ found that 24% of companies have no strategy to onboard internal promotions. Whether newly hired or newly promoted, how will you retain them if you don’t invest in them to feel setup for success?
More importantly, investing in new managers is an investment in your business and the numbers don't lie about retention, productivity, and revenue. A BambooHR⁴ ⁵ study showed that “comprehensive onboarding makes employees 18x more likely to feel more committed to the company” and “33% were more engaged at work” and Gallup⁶ reported that “employees who are not engaged cost their company the equivalent of 18% of their annual salary.”
Bottom line - up to date and strategic onboarding affects your bottom line. What story do you want your numbers to tell?
1. Gallup
2. HCI
6. Gallup
