In the report, Aberdeen Group, a Harte-Hanks company, examined three key performance criteria to distinguish Best-in-Class companies’ use of onboarding. The research uncovered that, as a result of the strategy, capabilities and technology utilization related to onboarding, 100% of Best-in-Class organizations improved year-over-year new hire retention, 60% reduced time-to-productivity for new hires, and 57% increased completion rate for onboarding tasks and activities.
Shrinking talent pools, coupled with high recruiting costs, have created a critical need to retain new hires and enable them to perform productively in their new capacity and environment. Many organizations are looking beyond traditional new hire orientation programs and towards formalized onboarding strategies. The Aberdeen report is based upon the compilation of 794 survey responses, primarily from human resource and line of business managers. Among their findings was that Best-in-Class organizations are identifying HR and business issues – such as new hire retention – that can be addressed by onboarding and are implementing programs and measures to improve these situations.
Enwisen’s Web-based onboarding solution – known as AnswerSource Onboarding – orchestrates the entire onboarding process. AnswerSource Onboarding enables companies to onboard their new hires from “day zero” as it even allows them to pre-board from home in advance of their first day. AnswerSource Onboarding works in concert with existing HR applications – such as applicant tracking systems and HRMS – by capturing and routing new hire data electronically and effortlessly. Most important, AnswerSource Onboarding extends a company’s employment brand beyond the initial recruiting process to welcome new hires into the organization with a highly personalized experience.
Deepjot Chhabra, Enwisen’s president commented, “The components of an effective onboarding solution are task management, forms management and, most important, socialization. While some technology-based solutions can handle one task – such as forms management – Enwisen’s AnswerSource Onboarding draws from our deep expertise in the delivery of personalized knowledge. As a result, companies using our three-pronged approach are more successful at increasing new hire retention and speeding time-to-productivity.”
Kevin Martin, Research Director, Human Capital Management at Aberdeen, shared, “Technology is undoubtedly playing a vital role in achieving high performance in new-employee retention and productivity. In fact, our data showed that companies that automate elements of their Onboarding process are 59% more likely to achieve Best-in-Class status than companies that don’t.”
As a sponsor of the Aberdeen onboarding report, Enwisen is offering complimentary copies of the research report. Please visit their website for more details.
About Aberdeen Group, a Harte-Hanks Company
Aberdeen (aberdeen.com) is a leading provider of fact-based research and market intelligence that delivers demonstrable results. Having benchmarked more than 30,000 companies in the past two years, Aberdeen is uniquely positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis. As the trusted advisor to the global technology markets, corporations turn to Aberdeen for insights that drive decisions.
Enwisen (enwisen.com) helps employers dramatically improve the employee experience by making “must do” workforce communications more effective, more strategic and less costly.
Enwisen’s on-demand, personalized and searchable HR communications solutions – for onboarding, total rewards statements, benefits decision support, employee portal knowledgebase, work/life events, manager effectiveness, HR compliance and/or HR/shared service center – are rapidly deployed, provide a broad range of features for significantly less money than traditional communication venues and are maintained by Enwisen.
The AnswerSource Knowledge Center suite has produced measurable ROI for hundreds of customers, including industry leaders like Yahoo!, Memorial Health Care, Nissan North America, Harper Collins, W.L. Gore & Associates, Hannaford Bros. Cos., Masco and MasterBrand.
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