On-boarding Improves Productivity

As we all know, the cost in time and dollars of hiring a new employee and getting him/her up-to-speed is tremendous.

On-boarding programs have now become a requirement, not a nice-to have. To remain competitive and to retain newly recruited talent, on-boarding has become a necessity.

Knowledge Advantage supports organizations in their efforts to design and deliver on-boarding programs. We identify the best type (delivery and content) of on-boarding programs for an organization based on its needs, culture and type of new hire.

Our Summer 2006 newsletter
http://rs6.net/tn.jsp?t=ags8qjcab.0.0.d4kxsvbab.0&ts=S0316&p=http%3A%2F%2Fknowledgeadvantage.biz%2Fnewsletters%2Fsummer2006.htm&id=preview addressed the benefits of online on-boarding programs. Now, a study completed by the Aberdeen Group, has provided the data to support this.

The report, "All Aboard: Effective On-boarding Strategies and Techniques," is based on surveys and interviews with nearly 800 HR/HCM and business-line managers at organizations around the world, the majority located in North America.

The findings in the Aberdeen study show that new employees who complete on-boarding are able to achieve higher levels of productivity more quickly in their new positions.

The study found:

· 71 percent of organizations surveyed list new-hire retention as the top reason they pursue on-boarding.

· 100 percent of best in class improved the retention rate of new hires during the past year.

· 86 percent of all survey respondents concur that new hires make their decision to stay at the company within the first six months on the job.

· 68 percent of best-in-class organizations describe their on-boarding solution as automated (either partially or fully) - in comparison, 56 percent of laggards describe their on-boarding solution as paper based.

· 84 percent of best in class provide a formal new-hire training program.

Visit the Knowledge Advantage website to learn about our 5 step process The Building Blocks to Performance Success and how your organization can build a more productive and successful workforce.

Thank you for taking the time to read this letter. I hope it was helpful and informative. I look forward to hearing from you to learn about your on-boarding needs, and business challenges that impact staff performance.

Regards,

Ruth Kustoff, Principal
Knowledge Advantage - It's What Works, LLC

Visit the Knowledge Advantage website at http://www.knowledgecoach.com/

Knowledge Advantage works with clients to solve business challenges around knowledge management, information dissemination, on-boarding and other training requirements.
By creating processes that help improve retention, motivation, and productivity, we improve individual performance success that leads to organizational success.