Use Digital Onboarding to Make New Employees Stick Around Infographic
Onboarding is a challenge for every L&D manager, no matter what your strategy is! Training for new employees is a mandatory need – and there is no escaping it – so you want onboarding that is quick, creates a cultural expectation, and provides a rapid enlightenment of your business values. But what many don’t realise is that onboarding doesn’t have to be a time-consuming chore, completed just so you and your new employees can tick a box. If anything, you can use onboarding to your advantage!
At CDSM, they recently looked at:
- Why an onboarding program is important
- How companies are currently training new employees; and
- What you should expect from digital onboarding
To see what they found out, take a look at the Use Digital Onboarding to Make New Employees Stick Around Infographic.
Why is conducting an onboarding program so important?
- Only 52% of people join a company with an official onboarding program.
- More than 37% said their employer had no program, and just over 11% said they weren’t sure if a program existed or not.
- Nearly 4% of new employees leave their new jobs after a disastrous first day, and 33% decide within the first 30 days.
- Companies lose 25% of all new employees within 12 months.
- 25% of companies admitted that their onboarding program does not include any form of training, which can lead to a loss of 60% of a company’s entire workforce.
What are the benefits of effective onboading?
- Organisations with a standard onboarding process experience 54% greater new hire productivity and 50% greater new hire retention.
- New employees who attended a well-structured onboarding orientation program were 69% more likely to remain at a company for up to 3 years.
- Organisations with structured onboarding programs enjoy a 60% year-over-year improvement in revenue per full-time employee, and a 63% year-over-year improvement in customer satisfaction.
What are companies doing about it?
- A combined 71% of companies surveyed are currently in the process of updating their onboarding programs.
- Currently, less than 40% of onboarding is completed through technology-based solutions.
- The 16% who deliver more than 61% of their onboarding programs through technology-based solutions use either company-wide intranet or e-learning. Hiring employees takes time and money – on average 23 days and over £5000 to fill an open position.
Return on investment from technology onboarding:
- Higher staff retention rate – decrease in skills gap.
- New employees contribute to the bottom line faster.
- Save employers time training.
- Reduce travelling time and costs to training.
What’s CDSM’s onboarding approach?
- Proven contemporary learning science!
- Scenario-based training can often reduce new hire training time by 25-50%
- However, there is e-learning… and then there is CDSM e-learning! By using best practice, contemporary learning strategies and effective pedagogy, organisations can rapidly improve their onboarding even further…
- Typically, the time a worker must spend being trained is reduced by about 40% using e-learning.
- 92% say video helps teach more effectively, and improves learning by 56%
- Learning science can be incorporated to empower new starters with skills they wouldn’t usually get from e-learning, and this takes away some of the pressure of a new role.