Powerpoint Templates Page 1 Powerpoint Templates Onboarding Presented by: Eric Alexander, Quintin Banks, Ikechi Dixon & Lauren Papotto

Powerpoint Templates Page 2 Introduction to Onboarding What is Onboarding? ”the process of helping new hires adjust to social and performance aspects of their new jobs quickly and smoothly.” Informal vs. Formal

Powerpoint Templates Page 3 Introduction to Onboarding The Four C’s Connection Culture Clarification Compliance

Powerpoint Templates Page 4 Implementation of Onboarding Process of Onboarding – (Formal) Preparation Orientation Integration Engagement Follow-up

Powerpoint Templates Page 5 Implementation of Onboarding Cost of Onboarding Losing a new hire within 1 year = three times the employee annual salary. Formal onboarding success rate of 58%, retention period of three years plus.

Powerpoint Templates Page 6 Implementation of Onboarding New Hire Kits $35 - $45 (Prep & Postage) Travel Costs Technology Costs

Powerpoint Templates Page 7 Implementation of Onboarding Four ROI new hire cost saving points Automating manual processing Reduce turn-over Reduce travel from 30% to 15% Avoid compliance related costs

Powerpoint Templates Page 8 Implementation of Onboarding Personnel needed for implementation HR Manager Mentor Supervisor

Powerpoint Templates Page 9 Implementation of Onboarding Positive attitude CompetencyAccepting Employee traits or behaviors

Powerpoint Templates Page 10 Benefits of Onboarding Effective onboarding practices: Boost an organization’s retention rate Help drive employee engagement Speed employee contribution Revenue increases when new employees are productive faster. Turnover decreases, new hires bonded to the organization.

Powerpoint Templates Page 11 Benefits of Onboarding - Statistics Survey of HR executives 47% of companies provide onboarding support 31% are actively planning onboarding Of those providing or planning to provide: Over 50% provide it for managers and above Almost 25% provide it for individual contributors as well.

Powerpoint Templates Page 12 Benefits of Onboarding - Statistics According to research conducted by the Aberdeen Group: 86% of new hires make their decision to leave or stay within the first 6 months. New employees are 69% more likely to stay after three years if they’ve experienced a well-structured onboarding program.

Powerpoint Templates Page 13 Benefits of Onboarding Company Success Stories: Washington D.C. Hospital “Delivering on the Promise” ”Ultimately, when people are made to feel welcome, they are more productive, less stressed, and more team focused. This all translates into lower turnover rates.”

Powerpoint Templates Page 14 Criticisms of Onboarding Businesses or industries where formal onboarding is impractical: Small (Start-up, professional services) Family owned business

Powerpoint Templates Page 15 Criticisms of Onboarding Prohibitive cost factors: Money, Time, and People. 35% devote $0 to onboarding Effective onboarding is an investment. Smaller firms lack resources to invest.

Powerpoint Templates Page 16 Criticisms of Onboarding Threats to the onboarding process: Overloading New Hires Ignoring Diverse Needs No Written Plan No Continuous improvement component Jobs are not prioritized

Powerpoint Templates Page 17 Future of Onboarding Forecasting trends Onboarding of contingent workers Technological innovations Capital One University Revelations of internal & external benchmarking.

Powerpoint Templates Page 18 Conclusions Formal onboarding will be necessary for companies to gain a competitive advantage in the recruitment of the best talent available. Potential candidates looking for career positions will be more likely to succeed in organizations dedicated to their early development.

Powerpoint Templates Page 19 References (2006). Capital One University puts employees in the driving seat. Human Resource Management International Digest, 14(5), doi: / Arnold, J. (2008). Tighter Times, Leaner Technology. HR Magazine, 53(6), Bauer, T. (2010). Onboarding New Employees: Maximizing Success. SHRM Foundation, Web. 16 July Cut Hidden Costs of Onboarding." Institute of Finance and Management. N.p., Mar Web. 23 July DBM HCI White Paper Best Practices on Onboarding Successful Assimilation April 2011 Pdf Free Ebook Download from EbookBrowse.com. N.p., Web. 21 July "Onboarding: Early Engagement Through Recognition." OC Tanner. O.C. Tanner, n.d. Web. 15 July Schott, Kara. "Effective Onboarding to Engage New Hires." - Human Capital Institute. Human Capital Institute, 13 Aug Web. 15 July Simpson, Jeff. "Onboarding New Staff." WebCPA.com. Practical Accountant, May Web. 23 July Zimmerman, T., Gavrilova-Aguilar, M., & Cullum, P. (2013). Rethinking Human Resource Strategies: A Shift in the Treatment of Contingent Workers. International Journal Of Business & Management, 8(7), doi: /ijbm.v8n7p28