Learn how successfully onboarding new leaders will reduce the cost of attrition and underperforming employees.
According to the SHRM Foundation, half of senior level outside hires fail within their first 18 months on a new job. And the cost of this turnover to an organization can be exorbitant -- 60% to 90% of an employee's annual salary is the cost to replace an employee. To avoid failure, it is imperative that organizations provide onboarding programs that ensure the success of their new employees. What exactly is onboarding? Onboarding is the process of integrating a new employee into a company. It is not the same as orientation. Orientation is typically a one-day introduction to benefits, resources, amenities, and an overview of the company culture. Onboarding, on the other hand, is a longer process that usually takes between three and 12 months. Providing a formal, company-led onboarding program is imperative to set up your new employee for success and reduce turnover costs. In this presentation, I will provide the key success factors to bring new leaders through the onboarding process at your company. Successfully onboarding new leaders will reduce the cost of attrition and underperforming employees.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Introduction
- What Causes Turnover
- Understanding the Cost of Turnover
Onboarding Program Is the Solution
- HR's Role in Supporting New Hires
- What Is an Onboarding Program
- Why Should You Have an Onboarding Program
Key Success Factors of a Successful Onboarding Program
- Comprehensive Approach to Bringing on New Employees
- Going Beyond Orientation
- Partnership With Employee, Manager, and HR
How to Design an Effective Onboarding Program
- Key Components of an Onboarding Program
- Define Strategies and Tactics
- Gaining Buy in From the Organization
Measuring and Refining Your Onboarding Program
- Organizational Changes May Impact Your Onboarding Program
- New Ideas Based on Feedback
- How to Measure the Effectiveness
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on April 21, 2023.
Call 1-866-352-9540 for further credit information.
- ASA 1.0
- This program may qualify for 1.0 continuing education hour(s) towards maintaining your ASA credential. Please contact ASA for more information at [email protected]. Please retain proof of attendance in the event your CE record is audited.
HR Certification Institute 1.0
- This E-Learning program has been pre-approved for 1.0 (General) recertification credit hours toward aPHR®, aPHRi(TM), PHR®, PHRca®, SPHR®, GPHR®, PHRi(TM), and SPHRi(TM) recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
SHRM 1.0
- Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.0 PDC(s) for the SHRM-CP or SHRM-SCP.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
- Those applying for AIA and HRCI must view 100% of the program and answer the questions following the program.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Jill Huggett, MBA, CPCC, CPRW
Bridgepath Career Advisors
- CEO, Bridgepath Career Advisors, LLC
- Founder and executive coach at Bridgepath Career Advisors, LLC, coaching executives on various stages of their careers
- Harvard Business School career coach advising alumni on various career situations, such as the successful start to a new leadership role
- Over 20 years in the corporate world and leadership positions with industry leaders such as Fidelity Investments as vice president and JP Morgan as an associate
- Subject matter expert and contributor to Forbes.com on career and executive leadership topics
- Sought after speaker and workshop facilitator around the globe on executive leadership topics with academic institutions, including Harvard Business School, Boston College, The University Hong Kong, Arizona State University
- Certified Professional Career Coach with the World Coach Institute
- M.B.A. degree, Boston College
- Can be contacted at [email protected], 855-4-MY-PATH, or www.bridgepathcareers.com
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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