- Bad employee on board costs $ 2.2 billion annually
- 29,000 IT and tech employees will leave due to bad onboarding
- HR and IT departments must work with automation
US organizations alone waste $ 2.2 billion each year restoring it and technical talent due to bad onboarding experiences, new research has claimed.
A Nexthink repoort found that substandard onboarding has been associated with high turnover speeds, which means more workers are likely to leave their roles and businesses are forced to invest in new workers and expose them to equally bad experiences.
Of the more than 117,000 IT or tech employment taking place in the United States each year, over 29,000 (or about a quarter) will probably leave their roles because of their original experiences.
Proper onboarding can reduce the rate of turnover
Nexthink’s conclusions accused poor boarding experiences of the fact that that team tends to have only a few days to equip new hires, which means there is limited time to not only make the right impression but also give an indication of the company’s operational efficiency.
The research also points to rushed setups, leading to technology questions and a lack of proper access, which can often be caused by the hiring of managers who do not communicate the necessary tools and permits for it in advance.
High revenue rates among new employees also have a negative impact on existing workers, reducing morals and making them more likely to want to leave the company and reinforce the effects. Negative employer judgments as a result could also make potential recruits less likely to want to board with a company.
The report encourages HR and IT departments to work closer together and form a ‘super team’ to understand new starters. The three takeaways highlighted by Nexthink are that an interdeportal shared understanding, real user feedback and use data should be developed and workflows should be automated where possible to kickstart recruit processes and make them more efficient.
