With an efficient onboarding training process in place for your team, your company can take on a new direction towards more productivity and a more profitable bottom line. Below are 9 surprising employee onboarding statistics about the benefits of adopting a productive new employee onboard training application.
- New employees who attended a well-structured onboarding orientation program, were 69 percent more likely to remain at a company up to three years. Losing an employee due to their experiences of being confused, feeling alienated, or lacking confidence is a sign of poor onboard programming (source).
- When new employee onboarding is done correctly, it leads to higher job satisfaction, organizational commitment, decreased turnover, better performance levels, career complementing, and lowered stress. An employee at any level should always remain comfortable at their job while helping the organization accomplish specific goals at high-performance levels (source).
- 25 percent of companies admitted that their onboarding program does not include any form of training, which leads to a loss of 60 percent of a company’s entire workforce. Without a substantial and effective training program in a new employee onboarding effort, disappointments will result relative to performance and other profit hindering factors (source).
- Approximately 35 percent of companies spend zero dollars on onboarding. The idea of spending roughly $11,000 to hire someone and zero dollars on making them productive within a company is detrimental and certainly a bad move (source).
- 60 percent of companies indicated that they do not set any milestones or concrete goals for new hires to attain. So, in turn, it takes many new hires a whole year to start working at their full potential. An employee with has no goal leads to a confusion among employees and a lack of care in their performance (source).
- One multi-million dollar organization that engages in intensive onboarding during orientations has managed to move from 23rd place on Fortune magazine’s “100 Best Companies to Work For” list in 2009 to 15th place in 2010. New employees learned about organization’s values and procedures in a five-week training course that developed a more productive firm, a more transparent organizational structure, and allowed employees to understand the company’s direction as knowingly as the executives (source).
- A combined 71 percent of a survey respondent list are currently in the process of updating their onboarding programs. This process is a stepping stone for organizations that have struggled with previous or current onboarding programs and need a bit of change in order to build better loyalty, maintain higher performance, and improve retention where previous programs have failed (source).
- 30 percent of businesses who continually update their onboarding programs, are more likely to be positioned to respond to industry indicators and employee trends. New studies in the team productivity improvement efforts allow for new adjustments to an onboarding program (source).
- Organizations with a standard onboarding process experience 54 percent greater new hire productivity and 50 percent greater new hire retention. Many companies confuse orientation with new employee onboarding and the two are not the same. Orientation is the start of new employee onboarding, but the actual onboarding is going through an onboarding process flow chart that typically includes: employee performance acceleration, performance objective setting, and instilling the company culture within the employees (source).
Learn how companies onboard employees faster with Lessonly here.
Image source: Giphy
