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intelliHR is a people technology company based in Brisbane, Australia.

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  • Sarah Gatehouse

    Sarah Gatehouse.

    Fujitsu General Australia

    "In 2016 we rolled out intelliHR, and in 2017 we had our best financial year yet. That makes a massive statement to show how valuable an investment in people and technology can be."

  • Sarah Gatehouse

    Sarah Gatehouse.

    Fujitsu General Australia

    "With the implementation of intelliHR, the improvements in our culture are clearly visible. intelliHR is a tool that helps with our strategic cultural goal of being a great place to work, with improved engagement, communication and goal management now well on track."

  • Belinda Maybury

    Belinda Maybury.

    Sheldon Commercial Interiors

    "The support and customer service from intelliHR and Customer Success Manager, Glenn has been phenomenal."

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People Management | 5 min

Onboarding: A big upfront investment, and a big opportunity to increase profitability

Onboarding: A big upfront investment, and a big opportunity to increase profitability

It’s no secret that it typically takes employees some period of time to start adding value to the business when they start fresh in a new role or a new organisation.

In their first three to six months, new hires are trying to settle into their role. They have onboarding processes and relevant training of systems and procedures to complete, all whilst gaining an understanding of, and being entrenched in, a whole new set of company values, goals and culture norms. Even seemingly small things like learning their way around the building, getting to know coworkers or discovering the best places to get coffee nearby are all important steps that every employee must take to really feel comfortable in their new position.

The Learning Curve

The learning curve journey can take time, and you can expect that even the most experienced hire will still take some time to fully align themselves to their new organisation. During this period, the new employee is generally a direct cost to the business as they are not necessarily producing. Naturally, the simpler the role, the faster that productivity starts to happen. In knowledge-based roles, however, this journey can be extended over many months.

The graphic below demonstrates how employees typically progress from an initial investment phase to a point where they are generating returns for their organisation.

 

employee lifecycle performance curve
The Employee Lifecycle Performance Curve

 

Blog: How to generate ROI on your People + 3 quick win ROI tips for HR

 

Onboarding: an ROI critical control point

A successful onboarding process will shorten this initial investment phase allowing employees to reach their peak potential sooner. On top of this short-term benefit, the onboarding process is critical to an employee’s long-term retention in an organisation. Most new employees form a decision on whether they want to stay or leave a company within their first 90 days, so first impressions count. In fact, a 2017 study revealed one in five employees leave before even completing their probation period [1].

“one in five employees leave before even completing their probation period”

For this reason, it is vital that employees not only have a great first impression of working in your business but also that leaders are able to monitor how the new employee is going and if there are any early issues that need to be addressed. For organisations using intelliHR, new starters can enjoy a painless and paper-work free onboarding experience. Automated email reminders invite them to undertake all necessary tasks to get started from recording their qualifications, to entering their emergency contact details and even setting the first goal they want to achieve in their new position. With everything completed in an intuitive and appealing system, new hires can get set up for success in their new role straight away, without creating any additional work for the HR team or other leaders in the business.

 

Report: See how other organisations are improving their onboarding processes and learn how you can to in this report

 

If organisations lack these tools and new staff members are leaving before they’ve even entered the profitable performance phase, this equates to a lot of money out the door. That’s why intelliHR’s world class analytics and people management tools were developed to enable organisations to boost engagement in the onboarding process, maximise return on investment (ROI) and reduce attrition.

To understand how these outcomes look in your own organisation, it is a worthwhile exercise to understand the cost dimensions of time and speed to performance to truly understand the financial investment being made in every new employee.

Keep all your good people

 

Calculator: Discover the cost of employee turnover in your business with this free calculator

 

Empowered with this knowledge, we can influence a new hire’s speed to break even, acceleration to peak performance and how long their productivity level lasts. We can also help take it to new levels!

 

SOURCES

[1] People Management (2017). One in five employees have left a job during their probation period. https://www.peoplemanagement.co.uk/news/articles/employees-leaving-job-during-probation

Retention | 5 min
12 Facts that will change how you think about employee retention
We all know the detriments of high attrition; added costs, lower performance and poor staff morale, but retention isn’t always made a priority. If you’re in need of some hard evidence to support focusing...
Retention | 5 min
4 Ways to help reduce attrition in your organisation
We know that reducing attrition by keeping employees engaged and performing at their peak is key to minimising turnover costs and increasing financial returns. But lowering attrition rates in your organisation is easier said...
Employee Engagement | 5 min
3 Keys to getting your Employee Experience Right
Like much HR jargon, Employee Experience is not a term that is easily understood; it’s not simple nor straightforward. Recently it’s become increasingly important, emerging as a top priority for HR and Business Leaders...

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