🌱While 🌱
– Effective onboarding contributes to 80% improvement in employee retention
– Organizations implementing structured onboarding witness a remarkable 60% yearly revenue growth
– New hires with positive onboarding experiences display 16 times greater commitment to their employer

Only 🔐
– 12% of employees affirm that their organization offers a robust onboarding process
– 60% of businesses neglect to establish goals or milestones for new hires
– 30% HR professionals claimed that the quality of their onboarding falls short of the standard

💪 Challenges:

1. Cultural Connection Concerns (Gartner):
• 41% of HR leaders express concern about hybrid work affecting employees’ connection to company culture.

2. Engagement and Values Alignment:
• Top concerns include a lack of peer-to-peer recognition and reduced alignment with company values.

3. Unprepared for Remote Transition and Evolving Onboarding:
• Many companies found themselves unprepared for a significant shift to remote work and onboarding, leading to ongoing evolution.

4. Limited Formal Onboarding Programs Success:
• Nearly 25% of companies lack a formal onboarding program, with around 50% reporting only somewhat successful outcomes, and less than 25% reported a very successful onboarding program

5. Time-to-productivity vs Life time productivity
• Time to productivity measures how quickly new hires become effective, focusing on efficiency. Lifetime productivity looks at the long-term impact and growth of employees, emphasizing sustained value over their career. While one is about speed, the other is about lasting success. Balancing both ensures a well-rounded onboarding approach that considers both short-term efficiency and long-term contributions

Stay tuned for Part 2 where we delve into emerging trends reshaping the onboarding landscape. 🚀