The recent research by Brandon Hall Group study [1] revealed critical insights into onboarding processes: a well-structured program can increase new hire retention by 82% and boost productivity by over 70%, yet only 12% of employees rate their organization's onboarding as effective.
The average cost of onboarding a new hire is around $1830, highlighting the financial investment involved. Despite this, 79% of employees acknowledge that onboarding is key to understanding company culture. However, 81% of new hires feel overwhelmed by the information overload during the onboarding process, suggesting a need for more streamlined and efficient approaches.
That’s a quite interesting statistics!
Before we proceed with onboarding – let's have a plan!
Building on the insights from such studies, it's clear that a strategic and well-structured approach to onboarding is essential for optimizing new hire performance and integration:
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