The report - ‘All Aboard: Effective Onboarding Strategies & Techniques’ - by technology research firm, Aberdeen Group, examines how global enterprises are implementing induction strategies, as well as the processes and solutions to improve performance in critical new employee metrics, including new hire retention, time-to-productivity, employment brand and completion rates of induction-related tasks. In addition, the report recommends actions that companies can take to improve the effectiveness of their induction strategies.
The Aberdeen Group report is drawn from a survey of 794 responses and provides a roadmap for organisations seeking to achieve superior performance through ‘best-in-class’ use of induction with regards to strategy, capabilities and technology.
The report, authored by Aberdeen Group Research Director, Human Capital Management, Kevin Martin, characterises the organisational approaches used by companies that are the most successful in induction, and includes the role technology plays in that success.
“The need to retain new hires and quickly enable them to perform productively in their new capacity and environment has never been more pressing. This need is forcing organisations to look beyond traditional new hire orientation programmes and towards formalised induction strategies.”
The report found that while 86% of the organisations surveyed agree that it takes up to six months for a new employee to make a firm decision to stay with the company, some 61% of all organisations either don't offer a formal induction programme or end their induction programme within one month. The study also found that best-in-class organisations with respect to induction are more likely to:
• Begin induction before the start date of employment.
• Ensure the induction process is at least six months for select stakeholder groups.
• Extend induction to all new employees, including those coming from mergers and acquisitions as well as those who have accepted internal job transfers.
• Make ‘socialisation’ into the organisation’s culture a key focus of the induction process.
Furthermore, the report sheds light on the usage of technology to achieve best-in-class performance in new hire retention and productivity. Jayson Saba, Research Associate at Aberdeen’s Human Capital Management practice, commented: “More than two thirds of the best-in-class are automating all or parts of their induction process, compared with 45% of other organisations.”
A long-time proponent of the importance of effective induction programmes, Cornerstone recently launched Cornerstone Onboarding, a solution that is part of its ITM platform for employee learning, compliance, performance, compensation, succession and analytics.
“Organisations invest substantial resources to find and acquire the right talent,” explained Vincent Belliveau, General Manager EMEA, Cornerstone OnDemand
“To attract, develop and retain high potential talent in the companies of tomorrow, a strong induction programme is a pre-requisite to empowering and engaging a new employee, but it doesn't end there. Strategic induction is required throughout an employee’s career as they change roles and their careers develop.”
“We specialise in helping organisations reduce time-to-competency, increase performance and retention, as well as reduce administration by breaking down the organisational barriers between training, performance, succession planning and compensation,” Belliveau added.
“Induction goes beyond routine orientation to become a critical component of any integrated talent management strategy,” said Adam Miller, President and CEO of Cornerstone OnDemand. “We are pleased to sponsor such an insightful report from Aberdeen Group that highlights how technology solutions such as those from Cornerstone can help in automating induction processes for heightened employee engagement.”
About Aberdeen Group, a Harte-Hanks Company
Aberdeen 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. For additional information, r call 00 1 (617) 723-7890, or to learn more about Harte-Hanks, call 00 1 (800) 456-9748
About Cornerstone OnDemand
Cornerstone OnDemand helps organisations to empower their people and optimise workforce productivity with a comprehensive suite of integrated talent management solutions for learning, compliance, performance, compensation and succession management, as well as robust reporting and analytics. Cornerstone also provides over 30,000 pre-integrated training titles. The Company’s multi-tenant, multi-user software-as-a-service (SaaS) architecture provides customers with rapid deployments, minimal IT costs, greater flexibility, proven reliability and a lower total cost of ownership. Cornerstone’s triple-digit growth has been supported by a market-leading customer retention rate. Leading enterprises such as AIB, Barnes & Noble, Data Return, Equinox, Pearson, Randstad and Trend Micro count on Cornerstone to help them achieve organisational excellence and competitive advantage. Cornerstone OnDemand is headquartered in Santa Monica, California and has international offices in London, Paris, Munich and Tel Aviv.
Further information from:
Sinead Reynolds-Berti, Cornerstone OnDemand, +33 (0) 6 28 33 55 66; sberti[.]cornerstoneondemand.com