LSA Global, the premier one-stop performance consulting, coaching, and training firm that helps high growth life science, technology, and service companies create a competitive advantage by powerfully aligning their culture and talent with strategy today announced a free Employee Onboarding Best Practices Assessment to help high growth companies better increase the speed to productivity of their new hires.
Is your speed to productivity for new hires where it should be?
Fast growing companies often struggle to onboard new hires as effectively as they would like.
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 and improve speed to productivity to be better than their competition.
The Return on Employee Onboarding Can Be Significant
When combined with the common challenges of hiring the right employees and creating an environment for them to thrive, most organizations have ample room for improvement in their new hire processes. In a recent survey, 210 CEO’s estimated the time for a typical mid-level manger to reach breakeven as 6.2 months. Using an average salary of $100,000, the difference between a 3-month ramp and a 6.2-month ramp is approximately $26,500 per employee.
This does not account for differences in revenue, margin, utilization, or productivity. It is only the salary side of the equation. 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. For companies closer to the 24-month mark, the opportunity is as large as $17.5m.
Why Do So Many Organizations Struggle?
Unfortunately, many companies continue to struggle with the most controllable part of the equation — effectively and efficiently assimilating new employees. When companies decide to improve their new hire process, they should pay attention to what works best.
Based research and practical experience on-boarding thousands of new employees across dozens of high growth firms over the last 25 years, the free new employee orientation assessment consists of best practice approaches by our onboarding experts in the areas of::
Take the Free Employee Onboarding Best Practices Assessment Now.
About LSA Global
Founded in 1995, LSA Global is a leading performance consulting, coaching, 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.
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