Most new professionals – particularly new leaders – begin failing in their new roles before they get out of the starter blocks. Why? Because more likely than not, the hiring company is great at bringing you on board, but not so good at helping you to integrate and acclimate into your new team environment.
Consider these findings from Allied HR, The Aberdeen Group, iCMS and McKinsey:
- 75 percent of new executives feel unprepared for their new role.
- 50 percent of leadership transitions fail miserably because their organizations have no structured process and take a hands-off approach to onboarding
- 60 percent of new managers fail within the first 24 months of their new position
- It takes a year or longer for new hires to get up and running, but only 2% of companies extend onboarding to one year
- Companies who onboard successfully experience 54% greater new-hire productivity
- Strategic onboarding improves company ROI by more than $79,000 per year