- Everyone wins when employee contribution starts early -
TORONTO, Oct. 21 /CNW/ - Consider this scenario: You just hired a mid-level manager for $60,000 a year. It cost $20,000 in recruiter fees to find him but you are sure he is well worth the investment. According to experts, however, it will likely take up to six months for your new hire to overcome the learning curve and start producing. During this period, the company could lose tens of thousands of dollars in non-captured revenue. In fact, often the loss is as much as the new hire's entire first year's salary through his lack of productivity and his colleagues' compromised performances as they try to help their new team member come up to speed.
It is this type of scenario that prompted Nexient Learning to build its four-phase OnBoarding solution, that is offered to organizations through its Leadership and Business Solutions line. Its free Dialogue Booklet helps businesses understand the OnBoarding process and why it is important to quickly transition a new hire mentally and physically into their new role and start capitalizing on their investment.
According to Nexient, the key to productivity is reaching an early breakeven point, the point at which the new hire has added back as much value as they have consumed. "Every company is different so they need to look at what is important for their organization and customize the solution to ensure the new hire becomes competent, confident and productive faster," said Jocelyn Berard, Vice President at Nexient Learning.
Also, it is in the first three months that 90 per cent of individuals make the decision to stay or leave a new job. One of the goals of OnBoarding is to cement early loyalty, fusing the company brand and instilling a culture of organizational effectiveness.
"OnBoarding used to be viewed as a human resource or administrative function," said Berard. "Now, management understands there is a real cost for not having a strong process in place for a new hire's early success and responsibility for ensuring early productivity is being shared jointly among HR, the manager, peers and the new hire."
About Nexient Learning
Nexient Learning, a Global Knowledge company, is the largest corporate training and talent development company in Canada, serving more than 100,000 learners per year. With its Canadian head office in Toronto, Ontario, Nexient delivers the broadest choice of top-caliber, industry-recognized curricula in Information Technology, Business Process Improvement, and Leadership and Business Solutions. With 13 locations across Canada, Nexient offers innovative learning solutions through classroom, online and virtual training delivery methods. Nexient is a division of Global Knowledge, the worldwide leader in IT and business skills training.
SOURCE NEXIENT LEARNING INC.
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