So, you’ve hired some new staff. You’ve completed the recruitment process, done the paperwork, sent your recruit a welcome pack and set a date for their start. But what happens then? How do you ensure that your new hire gets the best possible start to life at your company? How do you harness all that enthusiasm and get-up-and-go? How do you make sure that they don’t drown in information? How do you ensure that they get the support they need and get set up to succeed? How do you quickly get them to productivity? How do you ensure retention?
Chances are, if you aren’t able to answer these questions, your new hire may be gone within the first 90 days, and all that effort, all that expense and all that labor may go to waste.
“FACT! 22% of staff turnover happens in the first 45 days.”
Here at Interactive Services, we’ve been creating new hire programs for 25 years with the biggest companies on the planet: Walmart, Capital One, Thomson Reuters, Iron Mountain, KFC, Ardent Healthcare, BASF, State Street, Morgan Stanley, and more.
What We’ve Learned
In our 25 years in the business, we’ve been approached to partner with clients who have developed new hire programs that didn’t work. So we worked with our clients to find out why. Here’s what our research revealed:
We’ve found that many new hire programs don’t deliver the result organizations are expecting, because:
Where It Goes Wrong
In the 25 years we’ve been doing this, we’ve seen onboarding programs with GREAT content fail, because…
“FACT! Successful onboarding programs can result in a 50% increase in retention and a staggering 54% improvement in time to productivity.”
Above all else, we’ve found that disengaged leaders and managers is the critical factor that will contribute to an onboarding program failing. To put it starkly, if hiring managers, buddies and HR staff don’t have a commitment to ensuring that the new hire is supported beyond the initial flurry of activity, you run the risk of failure. This is what we call The Accountability Principle. It’s the silver bullet at the core of everything we do.
Interactive Services’ Top Five Tips To Turbo-Charge Your Onboarding Program:
“FACT! Employees who participate in a structured onboarding program are 69% more likely to stay with an organization for 3 years.”
Find Out More
We know that the investment your organization makes in onboarding is one of your most critical spends. So, we’ve created My First Year to make sure that investment produces results. Watch this short video to find out more:
We’d love to walk you through some of our new hire solutions. Contact us to ask for a demo, and we’ll be in touch to set up a 30 minute call.
My First Year from Interactive Services: The onboarding your future leaders deserve.
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Written by: Damien DeBarra
Learning Solutions Director