Source | LinkedIn : By Allan Steinmetz
I recently did some secondary research to see how companies are creating new cultures by effectively using onboarding with help from gamification. What I found was quite fascinating.
Effectiveness of Onboarding
Onboarding should always be a top priority when bringing aboard new talent – no matter at what level. Considering the amount of time, resources and money spent on recruiting talent – why wouldn’t it be equally imperative that the same effort in time and money be invested in onboarding new talent? There is sufficient evidence and data that suggests investments in onboarding is important.
According to Society for Human Resources Management and TalentWise found:
- Companies with an engaging onboarding program retained 91% of their first-year workers
- New hires who went through a well-structured onboarding program were 69% more likely to remain at a company up to three years
According to the Aberdeen Group and iCMS there are real monetary benefits from onboarding process:
- 60% year-over-year improvement in revenue
- 63% year-over-year improvement in customer satisfaction
- Onboarding improves company ROI by more than $79,000 per year
Mentorship and the Impact on Onboarding
Also, we found that the role of mentorship in Employee Onboarding is also important. Having a mentor gives the new hire the opportunity for informal interactions. A mentor can guide them into their job role and the organization’s culture. Having this guidance offers the chance for new hires to learn about how people act in the company and what behaviors they should expect. Basically, a mentor can help a new employee lessen the learning curve and get them rolling on the job.