Welcome to Top Tip #6 – a series of short videos designed to help you create very engaging onboarding experiences for your organisation. This video focuses on how organisations can measure and demonstrate financial impact of preboarding and onboarding.
Top Tip #6
Published by Noel Thomas
Video transcript
It seems that no matter how much positive press or research there is about the major business benefits of onboarding, there's always someone within your organization that wants you to prove its worth. Your vision is hugely important here, but even more important is the ability to demonstrate a measurable financial benefit to the business. A reason to invest time, resource, and technology in onboarding. Use HR data to highlight areas of your business where you have a particular people or onboarding pain point. Things like dropout before day one, time to competency, and the biggie, first-year retention. A great onboarding experience will improve all three, and even small improvements will have big financial benefits. Indeed, one of our clients has just tracked an $8 million cost saving over the space of 14 months.
