36% of employers lack structured onboarding
Forty-one percent of those who don’t formally onboard new hires report costly consequences, including:
- Lower productivity (16%)
- Inefficiency (14%)
- Higher turnover (12%)
- Lower morale (11%)
- Less engagement (10%)
- Missed revenue targets (6%).
Most employers have finished their onboarding programs by the time new employees wrap up their first week on the job. Only a handful spread onboarding out over the course of new hires’ first three months on the job.
Asked what their onboarding programs cover, the 2,300 HR and hiring managers surveyed said they provide an overview of work processes (49%), introduce key players (43%), address company culture (42%), orient new hires to their work space (38%) and assign a mentor or buddy to the new employee (30%).