Onboarding

•  It has been estimated that 93% of all organizations use some form of new employee orientation training to help new employees become comfortable with their new surroundings (Anderson, Cunningham-Snell, & Haigh, 1996).

•  In 2005, nearly 60% of companies did not implement or did not plan to implement an onboarding initiative. This number has decreased dramatically in 2006 – only 24% of companies now do notimplement or do not plan to implement a formal onboardingprocess (Aberdeen Group, 2006).

Statistics

1.      “25% of Fortune 500 managers change jobs each year.”

2.      “6.2 months is the breakeven point for new managers.”

– Monster.com, 2007 Survey

3.      “22% of staff turnover occurs in the first forty-five days of employment.”

– The Wynhurst Group

4.      “46% of rookies wash out in their first 18 months” found a study of 20,000 new hired employees.”

– Leadership IQ

5.      “New employees who went through a structured on-boarding program were 58% more likely to be with the organization after three years.”

– The Wynhurst Group

6.      “Many companies leave executive on-boarding to chance, and as a result experience failure rates in excess of 50% when it comes to retaining new executive talent.”

– Egon Zehnder International, 2007

7.      “The cost of losing an employee in the first year is estimated to be at least three times salary.”

– The Wynhurst Group