LSA Global Insights Newsletter: New Employee On-Boarding - 7 Best Practices

9.01.2010

New Employee On-Boarding - 7 Best Practices

Is your new hire speed to productivity where it should be?

Most new employees take 3-24 months to "get up to speed." This wide disparity provides wonderful opportunities for organizations looking to decrease "ramp time."

In a recent survey, 210 CEO's estimated the time for a typical mid-level manager to reach "break even" as 6.2 months. Using an average salary of $100,000:

  1. The difference between a 3-month ramp and a 6.2-month ramp is approximately $26,500 per employee. (Note: this does not account for increases in revenue, margin, utilization, or productivity.)
  2. For a company hiring a minimum of 100 new employees per year, this creates a $2.6m window of opportunity for an improved new hire process.
  3. For companies closer to the 24-month mark, the opportunity is as large as $17.5m.
If you are unsure of your current "speed to productivity," facing high growth rates, struggling to retain top talent, changing your go-to-market strategies, or feeling increased pressure to improve productivity, then this whitepaper is for you.

Based upon helping to onboard thousands of new employees, we have identified 7 key best practices to ensure that new employee orientation programs "move the needle" to faster productivity.

Read about the 7 Employee On-Boarding Best Practices...


About LSA Global
Founded in 1995, LSA Global is a leading performance consulting and training firm that helps high growth technology, services, and life-science companies create a competitive advantage by powerfully aligning their culture and talent with their strategy. Learn more about getting aligned