Business Case For Beyonboarding(Tm)
- 1. Business Case for beyondboarding™ (pre-boarding • onboarding • post-boarding)
- 2. "Layoffs, cutbacks and stress inflicted on employees in the economic downturn have left many of them discontented and disengaged. As this pent-up frustration is released, the impact on businesses, their work forces and their customers will be pronounced." - Jon Picoult, New York Times "Turnover Storm"
- 3. Given The Landscape How Does Your Organization Ensure It... • Effectively integrates acquired and hired employees and builds engagement? • Attracts the right talent with the right skills, in the right locations, at the right times? • Retains top talent in a globally competitive talent market?
- 4. Companies must respond to these challenges with… innovative sourcing, recruitment, onboarding and development programs.
- 5. Current Landscape Did You Know… • Manpower's 2010 Talent Shortage Survey revealed that 31 percent of employers worldwide are having difficulty filling positions due to the lack of suitable talent available in their markets, an increase of 1 percent over last year's survey. The immediate problem is not the number of potential candidates – it is a talent mismatch. There are not enough sufficiently skilled people in the right places at the right times. • Employers are seeking more specific skill sets and combination of skills, and it's not just technical capabilities alone. It's a combination of critical thinking skills or other qualities that will help drive the company forward. ( Manpower's 2010 Talent Shortage Survey) • Key talent findings from PwC's 14th Annual Global CEO Survey show that talent is the top priority for CEOs, moving up from third on the agenda in last year's survey.
- 6. Current Landscape And Consider This… • 89 percent of new hires lack the institutional knowledge required to get up to speed quickly and become effective on the job within their first 90 days. (DDI White Paper) • Nearly 15 percent of new employees consider quitting after the first day because of a poor initial experience. (Taleo: 10 Talent Management Best Practices for 2011) • More than 20 percent of employee turnover occurs in the first 45 days. (Wynhurst Group, an Arlington, Virginia based Human Resources firm) • New employees who went through a structured onboarding program were 58 percent more likely to be with the organization after three years. (Wynhurst Group, an Arlington, Virginia based Human Resources firm) • Some 27 percent of employees deemed "high potential" said they plan to leave within the year. That rate of dissatisfaction is rising "precipitously" as the economy stabilizes, says Jean Martin, executive director of the CEB's Corporate Leadership Council, up from just 10 percent in 2006 and increasing at twice the rate of the general employee population. ( How To Keep Your Star Employees)
- 8. What is beyondboarding™? • A talent development approach, that goes beyond orientation and takes a strategic and long-term approach to employee and organizational growth and development. • Gives companies the tools and processes to develop valuable employees that can grow with the organization. • A three-phased initiative to talent management and development.
- 9. ? Why beyondboarding™? Organizations today must create a company culture that nurtures employees throughout their career with them. This begins with an understanding of what's needed when selecting new talent, continues through the hiring process, and for the duration of the employees' service to the company. •Provides companies who are facing competitive challenges with innovative recruitment, retention and development programs. •Helps create talent ambassadors among employees to increase an organization's hiring power. •Goes beyond the day-to-day, longer-term support to truly nurture people.
- 10. beyondboarding™ Components Pre-boarding Onboarding Post-boarding The first phase of The second phase of The third phase of beyondboarding™. beyondboarding™. beyondboarding ™ Incorporates talent Starts once an Takes over once the acquisition/staffing individual accepts the formal onboarding and assessing or job offer or new process is complete creating a global assignment and and includes mobility (globility™) continues through the innovative techniques strategy. first 180 days – first to incorporate in the year of employment. development process.
- 11. beyondboarding™ Snapshot Pre-boarding Onboarding Post-boarding • It is critical to identify • Onboarding programs • Talent management the type of talent you impact a new must be a key need before recruiting. employee's decision to organizational • 24 percent of hiring stay with your initiative. managers said a single organization. • HR and learning bad hire cost their • Gaining company and professionals should business more than job knowledge from Day own talent $50,000 in the last year. One helps employees management for the • Spend time vetting become productive. enterprise. potential employees and • Creating a culture of • Investment in learning hiring only folks that commitment and remains stable. mesh well with the engagement leads to company's culture, to organizational success. avoid costly hiring mistakes.
- 12. beyondboarding™: A Best-in-Class Process • Begins during the acquisition/staffing process and incorporates mobility and talent planning • Improves employee retention, satisfaction and productivity • Decreases time to productivity • Provides simple tools that are flexible and easy to use • Ensures a new hire’s first 90+ days are productive, effective and motivating • Incorporates talent development and retention
- 13. Why it is beyondboarding ™ Critical for Your Organization? • Provides a strategic integration process for immersion into your business and culture • Clearly translates the value proposition and our attractiveness as an employer • Helps to attract, retain and develop new talent while inspiring existing employees • Strategically integrates new hires quickly and effectively into the organization, thus reducing time to productivity • Enables your organization to be recognized as a global “Employer of Choice”
- 14. Reaps the benefits of beyondboarding™ I T • Organizations that integrate beyondboarding™ realize a culture of: – attraction E F – engagement E N – learning and development – inclusion B – empowerment S – community Pre-boarding Onboarding Post-boarding
- 15. To learn more about changing your culture with beyondboarding™… Contact: WOW! transformations info@wowtransformations.com www.wowtransformations.com