90 days is not enough to engage your new hires
DESCRIPTION
The landscape for recruiting is getting more competitive, especially for the engineering and technical fields. Typical onboarding programs last about 90 days. However, when you overlay the rise and fall of employee engagement throughout their first year of work, you'll see why 90 days is not enough and what you can do about it.TRANSCRIPT
90 Days Is Not Enough: Get New Hire Engagement Right in 2014
By Pi Wen Looi, PhD Novacrea Research ConsulCng
April 2014
The Good News…
Source: PwC Trendse0er Barometer Business Outlook, Winter 2014 h0p://www.pwc.com/us/en/private-‐company-‐services/publicaGons/pcs-‐trendse0er-‐barometer.jhtml
…57% of US companies plan to hire more employees in 2014.
The Challenge…
Source: PwC Trendse0er Barometer Business Outlook, Winter 2014 h0p://www.pwc.com/us/en/private-‐company-‐services/publicaGons/pcs-‐trendse0er-‐barometer.jhtml
The Race for Talent ConCnues…
And StarCng Salaries Have Increased…
…by 3.7% on average; and nearly 8% for mobile apps developers, soUware developers, and UX designers.
Source: Robert Half 2014 Salary and Hiring Outlook hWp://www.mulCvu.com/assets/63814/photos/63814-‐RH-‐Salary-‐and-‐Hiring-‐Outlook-‐MNR-‐original.jpg
…And what’s the cost of losing them?
What are you doing to engage and retain your valuable new hires?
When New Hires Walk Out the Door…
You risk tarnishing your employer brand.
You waste valuable Cme and resources.
You risk disengaging other employees.
What Is Your New Hire RetenCon Rate?
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
less than 3 months
3-‐5 months
6-‐8 months
9-‐11 months
12-‐14 months
15-‐17 months
18-‐20 months
21-‐23 months
24-‐26 months
27 -‐29 months
30 months or
more Length of Service
Engagemen
t Score
Do You Know? Engagement can sharply decline as early as 9 months and
stay low for as long as 12 to 24 months.
Data based on aggregate results from client surveys. © 2014 Novacrea Research ConsulCng
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
less than 3 months
3-‐5 months
6-‐8 months
9-‐11 months
12-‐14 months
15-‐17 months
18-‐20 months
21-‐23 months
24-‐26 months
27 -‐29 months
30 months or
more Length of Service
Engagemen
t Score
The Risk Zone
Avoid the Risk Zone!
Data based on aggregate results from client surveys. © 2014 Novacrea Research ConsulCng
…especially for onboarding knowledge workers.
3. Socializa1on with Coworkers and Team
Members
1. Compliance and Basic Training
4. Assimila1on with Company Culture
2. Role Clarity Challenging and
Interes1ng Assignments
Successful Onboarding Involves…
But 90 Days Is Not Enough
Are you enabling your new hires to be successful beyond 90 days?
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
less than 3 months
3-‐5 months
6-‐8 months
9-‐11 months
12-‐14 months
15-‐17 months
18-‐20 months
21-‐23 months
24-‐26 months
27 -‐29 months
30 months or
more Length of Service
Engagemen
t Score
The Risk Zone
90-‐day New Hire Survey
Typical New Hire Surveys… … are conducted at 30, 60, or 90 days.
Data based on aggregate results from client surveys. © 2014 Novacrea Research ConsulCng
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
less than 3 months
3-‐5 months
6-‐8 months
9-‐11 months
12-‐14 months
15-‐17 months
18-‐20 months
21-‐23 months
24-‐26 months
27 -‐29 months
30 months or
more Length of Service
Engagemen
t Score
The Risk Zone
90-‐day New Hire Survey
! Missed Opportunity "
What Happens AUer 90 Days? A missed opportunity to assess
new hire engagement during a criCcal period.
Data based on aggregate results from client surveys. © 2014 Novacrea Research ConsulCng
Help your new hires through the Risk Zone!
Here’s how…
• Discover What Mo1vates Your New Hires – Hint: it’s not just the signing bonus
• Iden1fy Poten1al Engagement Barriers Throughout the First Year of Employment – Enable managers and supervisors to take acGon before it’s too late
• Provide Insights for Managers and Employees – Facilitate collaboraGon and creaGon of a posiGve work environment
• Increase New Hire Reten1on – Take acGon! Learn how to integrate new hire insights with your onboarding programs and beyond
TalentFocusTM New Hire Survey
Avoid the Risk Zone!
Contact Novacrea today to learn how you can engage and retain your new hires in 2014.
NovacreaResearch.com | Email: [email protected] | Phone: (510) 926-‐2883 Follow us @Novacrea
Image credit: page 1, by Pi Wen Looi, other pages, Bigstock