In today’s fast paced world, good recruitment involves more than just selecting the right candidate. Today, hiring intelligently means having a recruitment process that goes beyond selection.
If you’re not providing your new hires with a thorough onboarding process, then your new staff will be left floundering, feeling disengaged, overwhelmed and often looking for an early resignation.
Here we take a look at some of the key onboarding stats and trends to consider this year and beyond…
Onboarding stats 2022
- Only 12% of employees believe their organisation does a great job at onboarding new hires (Gallup)
- 88% of businesses don’t do onboarding well (Sapling HR, 2021)
- 25% of of companies admitted that thor onboarding process doesn’t contain any form of training (Enboarder)
- 93% of new hires said that their onboarding process would determine whether they would stay at the company (Sweetwork)
- 77% of employees who went through a formal onboarding process achieved their KPIs (Urbanbound)
- One study found that a strong onboarding process can help companies retain upto 60% of their staff over a 4 year period (TMF)
- Companies with a structured onboarding process saw a 60% year-on-year improvement in revenue (NorthPass)
- 61% of new employees don’t receive any training on company culture (SHRM)
- Only 37% of companies extend their onboarding beyond the first month of employment (SHRM)
- 73% of HR professionals time is spent on administrative tasks (NorthPass)
- 41% of HR professionals said they will adopt some form of automation to improve their onboarding processes within the next 6-12 months (Leena)
- 34% of staff turnover occurs among first-year employees (Toolbox)
- New team member productivity is around 25% during the first 30 days of employment (Sapling HR, 2021)
- The average cost of onboarding an employee in the US is $1830 (Leena)
- Large organisations in the US have to deal with a 16% attrition rate within the first 6 months (Leena)
- 42% of employees are more productive when they have access to a proper onboarding process (Careerbuilder)
- 53% of HR professionals agree that employee engagement improves when onboarding is done properly (Sprout Social)
- New employees are 2x more likely to look elsewhere if they have a negative onboarding experience (NorthPass)
- According to HR experts, new employees must complete an average of 54 activities for onboarding purposes. A new hire is typically assigned 41 administrative tasks and three documents to complete. In addition, they must meet 10 outcomes. (Sapling HR, 2021)
- The buddy program is used by 47% of businesses to onboard new workers. (Sapling HR, 2021)
- Replacing an employee costs between 16 – 20% of that employees salary (TechJury)
- Employees who felt they had a highly effective onboarding process were 18 times more likely to feel highly committed to their employer (Enboarder)
Sources:
https://www.urbanbound.com/resources
https://www.saplinghr.com/10-employee-onboarding-statistics-you-must-know-in-2022
https://www.myshortlister.com/insights/employee-onboarding-statistics
https://techjury.net/blog/onboarding-statistics/#gref
https://sproutsocial.com/insights/employee-engagement-guide/
https://www.sweetwork.com/news
https://www.northpass.com/blog/onboarding-statistics
https://www.tmf-group.com/en/news-insights/articles/2018/october/employee-onboarding/
https://enboarder.com/2018/12/18/employee-engagement-onboarding-stats/