It turns out your jaded employees are wrong: Onboarding programs aren't a monumental waste of time, after all. SkillSoft, a provider of on-demand e-learning and performance support solutions, sponsored an Aberdeen report that concludes drastic increases in employee retention and worker productivity levels can be traced back to effective onboarding.
The study, conducted by Aberdeen Group, a Harte-Hanks Company, found 84 percent of organizations that achieved Aberdeen's "Best-in-Class" status included a formal new-hire training program in their onboarding process. What's more, the findings show new employees who participate in onboarding achieve ideal levels of productivity quicker in their new positions. Titled "All Aboard: Effective Onboarding Strategies and Techniques," the report is based on surveys and interviews with nearly 800 human resources, human capital, and business line managers. Here are some highlights:
- 71% list "new hire retention" as the top reason they pursue onboarding.
- 100% of best-in-class improved the retention rate of new hires over the last year.
- 86% concur new hires make their decision to stay at the company within the first six months on the job.
- 68% of best-in-class describe their onboarding solution as automated (either partially or fully)—in comparison, 56 percent of laggards describe their onboarding solution as paper-based.
- 84% of best-in-class provide a formal new hire training program.
- 52% of best-in-class use assessment tools for hard and soft skills as part of their onboarding process.