"The secret of my success is that we have gone to exceptional lengths to hire the best people in the world." ~sj
Steve Jobs knew and we agree! Hiring the best people in the world, however, is only the first step. The next and most crucial rung is onboarding them, by providing new talent the tools and information needed to become not just productive members of the team but stellar ones.
Without onboarding, good luck retaining those hard sought best people in the world. Yet onboarding is either missing or simply adequate in most organizations. The Aberdeen Group reports that 35% of companies admit to spending no money on an onboarding program. How can that be when we know that 1 out of every 25 people will leave a new job because the company has poor (or no) onboarding in place?
It shouldn’t surprise you that ignoring the importance of onboarding can cost you (BIG). An outstanding onboarding program can boost your bottom line plain and simple.
As business acumen experts, we understand that in order for organizations to truly be profitable, all their employees must see how their individual actions and decisions impact the bottom-line. Knowing how they fit into the big picture is paramount. Onboarding is that opportunity! It’s that once-in-an-employee-lifetime opportunity to be immersed into company culture, clearly illustrating their role in the company and their duties. They leave feeling confident that they understand where they fit and why, instead of feeling lost in the weeds, fending for themselves.
Implementing an engaging onboarding experience reaps big benefits. Here are just a few:
-- Higher rate of successful assimilation of new hires into company culture
-- Higher time-to-productivity ratios
-- Active engagement
-- Improved retention
So what are you waiting for? Get started transforming your onboarding from nil or adequate to outstanding NOW!