Aberdeen research’s new report on “Onboarding – The First Line of Engagement” recommends:
collaboration between all relevant stakeholders in a formal onboarding process that is integrated with other key talent management elements.
This drives new employee engagement, speed to productivity and performance.
Implications for PrimeGenesis and its clients
- Continue to push new leaders to get a head start, manage the message, and help others deliver. These are the keys to reducing the risk of failure from 40% to 10% by delivering better results faster
- Dial up efforts to help hiring managers do a better, more integrated job of recruiting, hiring and accelerating their new employees. Engaged, supportive hiring managers are essential to engaging and accelerating new employees. (More on that to follow in subsequent notes.)
Aberdeen’s Findings:
The top 20% “best-in-class” (BIC) organizations achieve stronger onboarding results than do the lagging bottom 30% of organizations.
- Employees who have been with company for one year or less rate themselves as “highly engaged”: BIC: 89%, Lagging: 25%
- New employees achieved first performance milestone within the agreed-to time period: BIC: 87%, Lagging: 21%
- New employees receive a rating of “exceeds” in their first performance review: BIC: 67%, Lagging 20%
The best in class organizations onboard more employees than do laggards.
- Percent of companies that onboard 80% of employees: BIC: 68%, Lagging: 35%
The best in class organizations apply more rigor to onboarding than do laggards.
- Formal process to ensure all relevant stakeholders know what is expected of them to ensure new employees arrive on day-one ready to be productive: BIC: 79%, Lagging: 50%
- All relevant stakeholders (e.g. hiring managers, HR, all interdependencies) know how they can impact each new employee (in employee’s early days): BIC: 64%, Lagging: 24%
- Data from the recruiting process is integrated with the company’s performance management process: BIC: 41%, Lagging: 13%
Aberdeen’s full report by Kevin Martin and Justin Bourke is available at www.aberdeen.com.
George Bradt – PrimeGenesis Executive Onboarding and Transition Acceleration
