future-proofing for success:
the smart investment in onboarding
In case you didn’t already know, we love onboarding. It’s the often underestimated yet highly impactful gateway into an organisation — and more and more organisations are seeing onboarding as a strategic investment, that not only ensures a smooth transition for new hires but also proves to be a lucrative venture for long-term organisational success. We delved into some of the reasons why investing in your onboarding is a no-brainer.
Making Money While Making Introductions
In the corporate landscape, time is money, and the efficient onboarding of employees is no exception. According to a study by the Society for Human Resource Management (SHRM), a well-structured onboarding process can result in employees reaching full productivity 34% faster than their unguided counterparts. This means your investment in onboarding not only accelerates the integration of new talent but also starts paying dividends in the form of increased productivity sooner than you might expect.
The Gift That Keeps on Giving
One of the standout features of onboarding investments is their enduring impact. Unlike some business expenditures that offer only short-term benefits, the effects of a robust onboarding program linger for years. Aberdeen Group’s research reveals that organisations with a standard onboarding process experience 50% greater productivity from their new hires. This prolonged positive influence ensures that your initial investment becomes a foundation for sustained success.
Concerned about the financial commitment? Fear not, for the beauty of onboarding lies in its ability to be spread across budget years. The Harvard Business Review notes that organisations can distribute the costs of onboarding over several years, making it a budget-friendly investment. This not only eases financial strain but also aligns with the long-term vision of your organisation.