Onboarding in Numbers: An Investment that Pays Off

The importance of an onboarding tool for new employees cannot be underestimated. During the onboarding process, they become acquainted with the company culture, social expectations, and performance standards. An onboarding tool serves as a crucial link between recruitment and actual employment. However, it is striking that as many as 22% of organizations lack a formal onboarding process, instead relying on the guidance of existing employees to integrate new colleagues. We believe this needs to change at Rakoo. That's why in this blog, we provide you with insights into the numbers, so you know what a good onboarding tool truly brings you.

Much More Than an Onboarding Process

The significance of a good onboarding tool goes beyond just an onboarding process. The social integration of new employees plays an essential role. The first days are crucial in forming their perception of the organization and their future within the company. A positive first impression is therefore of great importance. An effective and inspiring onboarding process leads to lower employee turnover and increases employee productivity. Moreover, an onboarding tool strengthens the bond between employees and the organization, accelerating the onboarding process.

Reduce Time-to-Productivity by Up to 70%

Time-to-productivity is the period required to bring new employees up to the desired level so they can make a full contribution to the organization. Estimates suggest that an average employee only becomes fully productive about five to six months after joining. Therefore, a shortened time-to-productivity is vital for an onboarding process. A good and effective onboarding tool can reduce this period by up to 70%. The sooner new employees become productive, the faster they can add value to the organization.

Increase Engagement by 33%

Employee engagement is often defined as the emotional and mental connection that employees feel with their work. It plays a crucial role in an organization's success. Research shows that organizations with more engaged employees have more productive workers who contribute more to the organization. An efficient onboarding tool can significantly increase employee engagement. It ensures that up to 33% of employees are more engaged with the organization. This results in a more profitable organization.

Boost Retention by 82%

Hiring new employees in conjunction with the onboarding process can be costly. Especially for larger companies, the costs can accumulate significantly. The average expenses for recruiting and hiring new employees range from €2,836 to €182,000, depending on the position. Retaining qualified staff is therefore crucial for a healthy organization. An onboarding tool can increase employee retention by as much as 82%, thus reducing recruitment and hiring costs. This makes it a valuable investment.

Getting Started with an Effective Onboarding Tool

In numbers, the importance of an effective onboarding tool for new employees becomes clear. A well-thought-out onboarding process lays the foundation for the successful integration of new employees, contributing to a productive and contented team. The figures speak for themselves: as an organization, it's worthwhile to invest in a professional onboarding tool! Do you want to get started with online onboarding as well? Read all about it in our whitepaper 'Benefits of an online academy'.

Sources

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