Real world tactics to help you fully understand the ROI of great onboarding, and reduce new hire costs in your organization
It’s quite costly to ramp up new employees, with onboarding estimates ranging from $400 at the low end, to $350,000 to replace a junior engineer.
For example, bad hires have costed Zappos “well over $100 million,” according to CEO Tony Hsieh, as reported by W Blog writer Angela Stringfellow.
Companies routinely invest recruiting effort, manager time, hardware and software, salary and bonuses, and a host of internal processes and programs to efficiently bring a new hire up to speed, yet rarely measure how long it takes to ramp up performance and productivity.
Time to Productivity, also called Time to Competence or Time to Proficiency, can be tricky to measure, and often require the use of qualitative data over time to understand the perceived Time to Productivity.
If you find the metric to be a challenge, or an opportunity for your organization, register for this webcast sponsored by CGS Enterprise Learning to hear from expert speakers, including SVP of Learning Programs, Doug Stephen. We’ll cover best onboarding practices, Time to Productivity measurement tips, and real world tactics to help you fully understand the ROI of great onboarding, and reduce new hire costs in your organization.