Summary
- • 86% of employees decide whether to stay with a company long-term within the first six months of employment.
- • 91% of employees feel supported during their first week on the job are likely to stay with the company for at least a year.
- • Organizations with a standard onboarding process experience 50% greater new-hire retention.
- • Companies that invest in a strong onboarding process experience 2.5 times the revenue growth and 1.9 times the profit margins over those with poor onboarding.
- • 69% of employees are more likely to stay with a company for three years if they experienced great onboarding.
- • Effective onboarding can lead to a 60% year-over-year improvement in revenue per full-time employee.
- • Only 12% of employees strongly agree that their organizations do a great job onboarding new employees.
- • Companies with a standard onboarding process experience 62% greater new hire productivity.
- • 54% of organizations with onboarding programs reported better employee performance.
- • Effective onboarding programs can improve employee performance by 11.5%.
- • 60% of companies fail to set milestones or goals for new hires during onboarding.
- • Organizations with a strong onboarding process improve new hire retention by 82%.
- • More than half of companies with a formal onboarding process experience 50% higher productivity from new hires.
- • Employees who went through a structured onboarding program are 58% more likely to be with the organization after three years.
- • 90% of employees decide whether they feel engaged and supported at work during the first six months of starting new employment.
First impressions are everything, especially in the world of onboarding where decisions are made faster than you can say welcome aboard. According to a slew of eye-popping statistics, it turns out that those initial days and weeks at a new job hold the key to long-term success – for both employees and organizations. From skyrocketing retention rates to revenue growth that would make even the most seasoned CEO do a double-take, the value of a solid onboarding process cannot be overstated. So, grab a pen and take some notes, because were about to unlock the secrets to a successful onboarding journey that will have you and your team thriving in no time.
Employee Retention
- 86% of employees decide whether to stay with a company long-term within the first six months of employment.
- Organizations with a standard onboarding process experience 50% greater new-hire retention.
- Organizations with a strong onboarding process improve new hire retention by 82%.
- 40% of senior executives say that improving onboarding is critical to retaining employees.
- Nearly 70% of employees are more likely to stay with a company for three years if they experienced great onboarding.
- 58% of employees are likely to remain with a company for three years if they experience a good onboarding process.
- Companies that invest in onboarding are more likely to retain employees for at least three years.
- Nearly 90% of new employees decide whether to stay with a company long-term within the first six months.
- Without effective onboarding, up to 20% of new hires leave within their first 45 days.
- Nearly 90% of employees decide whether to stay long-term at a company within the first six months.
- HR leaders believe that 45% of new hires who fail do so due to poor cultural fit.
- 66% of companies consider employee retention a top priority for their onboarding programs.
- Companies with structured onboarding programs experience 50% greater employee retention.
Interpretation
In the cutthroat world of employee retention, the onboarding process is the unsung hero ready to swoop in and save the day. With statistics flashing like warning signs on the highway to turnover, it's clear that those initial few months at a new job are make-or-break. From the mystical power of a standard onboarding process boosting new-hire retention by 50% to the superheroic feat of strong onboarding processes improving retention by a whopping 82%, it's time for organizations to suit up and take on the challenge. With nearly 90% of new employees teetering on the edge of long-term commitment within the first six months, the stakes couldn't be higher. So let's not be S.H.I.E.L.D.-ed from the truth: rockstar onboarding is the shield that will keep our employees in the battle for the long haul.
Employee Support
- 91% of employees feel supported during their first week on the job are likely to stay with the company for at least a year.
- 76% of newly hired employees want on-the-job training to ensure success in their roles.
Interpretation
In the fast-paced world of modern work culture, the first impression can make or break an employee's commitment to a company. The statistics don't lie - supporting new hires through a well-executed onboarding process is the secret sauce to long-term employee retention. As the saying goes, "Happy first week, happy year ahead." So, if you want your employees to stick around like a determined barnacle on a sea vessel, invest in their success from day one with some good old-fashioned training. It's not rocket science, but it's certainly job stability magic!
Onboarding Processes
- 60% of companies fail to set milestones or goals for new hires during onboarding.
- 90% of employees decide whether they feel engaged and supported at work during the first six months of starting new employment.
- 22% of staff turnover occurs in the first 45 days of employment, with more than 55% of this turnover resulting from poorly executed onboarding experiences.
- 82% of companies only provide 1 week or less of onboarding.
- 77% of organizations said that onboarding is focused on processes and paperwork rather than people.
- Organizations with a strong onboarding process improve new hire retention by 50%.
- 46% of companies have a structured onboarding process in place.
- 73% of organizations don't have formal onboarding in place.
- 73% of organizations have no long-term onboarding plan.
- 46% of companies fail to set milestones or goals for new hires during onboarding.
- Only 32% of companies have a formal onboarding process in place.
- 62% of organizations don't have a structured onboarding process.
- 45% of organizations don't track their new hires' progress during onboarding.
- Only 23% of organizations use technology to support the onboarding process.
- 88% of organizations do not onboard well.
- 70% of employees believe that connections made during the onboarding process are crucial in retaining talent.
- Only 33% of organizations track the progress of new hires during onboarding.
Interpretation
In a world where the first impression is everything, these onboarding statistics paint a bleak picture of how many companies are fumbling the crucial task of welcoming new hires. It seems like some organizations are treating onboarding more like a bureaucratic hurdle rather than a strategic opportunity to foster engagement and retention. With turnover rates peaking alarmingly in the first few weeks of employment, it's clear that a lackluster onboarding experience can send talented employees packing before they even unpack their desks. It's time for companies to shift their focus from paperwork to people, from processes to purpose, and from disorganization to dedication if they hope to make a lasting impact on their new recruits. After all, as the saying goes, you never get a second chance to make a first impression – and in the world of onboarding, that first impression can make all the difference in securing a long and successful relationship between employee and employer.
Onboarding Program Effectiveness
- Companies that invest in a strong onboarding process experience 2.5 times the revenue growth and 1.9 times the profit margins over those with poor onboarding.
- 69% of employees are more likely to stay with a company for three years if they experienced great onboarding.
- Effective onboarding can lead to a 60% year-over-year improvement in revenue per full-time employee.
- Only 12% of employees strongly agree that their organizations do a great job onboarding new employees.
- Companies with a standard onboarding process experience 62% greater new hire productivity.
- 54% of organizations with onboarding programs reported better employee performance.
- Effective onboarding programs can improve employee performance by 11.5%.
- More than half of companies with a formal onboarding process experience 50% higher productivity from new hires.
- Employees who went through a structured onboarding program are 58% more likely to be with the organization after three years.
- Companies with well-planned onboarding processes see a 60% year-on-year improvement in revenue per full-time employee.
- Employees who had a positive onboarding experience are 18 times more likely to feel highly committed to their organization.
- Onboarding programs can increase retention by 25% and improve employee performance by 11%.
- Companies with a structured onboarding process enjoy a 50% increase in productivity.
- 88% of employees say their organizations don't provide a strong onboarding program.
- New employees who went through a structured onboarding program are 58% more likely to be with the organization after three years.
- Companies with a standard onboarding process experience 54% greater new hire productivity.
- Only 21% of employees feel strongly that their onboarding experience improved their job performance.
- Onboarding programs can increase retention by 25% and improve employee performance by 11%.
- Only 12% of employees think their company does a great job of onboarding.
- Companies with effective onboarding enjoy 2.5 times more revenue growth and 1.9 times higher profit margins.
- 67% of employees are more likely to stay with a company for three years if they experienced great onboarding.
- Effective onboarding can lead to a 54% increase in employee engagement.
- Companies that implement structured onboarding processes see a 50% increase in productivity.
- 84% of employees think their companies do a poor job of onboarding new hires.
- Organizations with a strong onboarding process improve new hire retention by 82%.
- 39% of companies with a standard onboarding process report better employee performance.
- New employees who went through a structured onboarding program are 58% more likely to be with the organization after three years.
- Onboarding programs can increase employee performance by 11.5%.
- Employees who experienced great onboarding are 58% more likely to remain with the organization after three years.
- Strong onboarding can help increase employee engagement by 54%.
- 63% of employees believe they could be more productive if their company provided better onboarding.
- Effective onboarding programs can lead to a 50% increase in new hire productivity.
- Organizations with standardized onboarding processes experience 62% greater new hire productivity.
- Companies that excel at onboarding experience a 17% higher job offer acceptance rate.
- Only 12% of employees think their company does a great job of onboarding new hires.
- 54% of organizations report better employee performance with structured onboarding programs.
- Companies with well-planned onboarding programs see a 60% year-over-year improvement in revenue per full-time employee.
- Organizations with a standard onboarding process experience 50% greater new-hire retention.
- Only 36% of organizations extend their onboarding programs longer than the first day.
- Companies with a strong onboarding process improve new hire retention by 82%.
- 68% of employees believe that onboarding is crucial in shaping their decision to stay with a company.
- Organizations with a formal onboarding process experience 50% greater new hire productivity.
- Effective onboarding programs can improve employee performance by 11.5%.
Interpretation
In a world where the first impression can make or break a relationship, onboarding emerges as the unsung hero of the corporate world. The statistics don't lie: Companies that invest in a robust onboarding process are essentially planting the seeds for financial prosperity, with revenue growth and profit margins blooming 2.5 times and 1.9 times higher, respectively. It seems that a great onboarding experience is like a fine wine, getting better with time as 69% of employees stick around for three years when they start on the right foot. So, let's raise a toast to effective onboarding—where revenue flourishes, employees thrive, and commitment blossoms in the fertile ground of a well-planned introduction.
Staff Turnover
- Without proper onboarding, up to 20% of new hires leave companies within their first 45 days.
- Nearly 30% of newly hired employees leave a job within the first 90 days.
- 33% of new employees look for a new job within their first six months on the job.
- The cost of replacing an entry-level employee is around 16% of their annual salary.
- Over 20% of staff turnover occurs in the first 45 days of employment.
Interpretation
These statistics paint a clear picture - failing to onboard new employees effectively is akin to showing them the door before they've even had a chance to step inside. Like a poorly executed magic trick, the disappearing act of new hires in the first few months can be costly and downright frustrating. It's as if the company is playing a game of employee hide-and-seek, only to find out that they're the ones left seeking. So, why not ditch the disappearing act and invest in a solid onboarding process? After all, a successful onboarding experience can make all the difference between a new hire who sticks around for the long haul and one who vanishes into thin air – along with a chunk of your budget!
