No matter the industry, getting new hires up-to-speed as soon as possible is a no-brainer. The faster a new employee can be effective in their role, the sooner the company can reap the rewards of that hire. This period between hiring and full-speed is called time-to-productivity, and, according to Gallup’s State of the American Workplace, companies can start tackling that metric through better onboarding.
Onboarding needs to improve
According to the 2017 State of the American Workplace, only 12% of employees strongly agree that their organization does a good job of onboarding new employees. That means nearly 9 out of every 10 employees believe their organization could have brought them into their position more effectively. Even a simple plan, that includes basic information and day-to-day knowledge for new employees, can be a step in the right direction. For example:
- Parking information
- Access codes to get in the office
- Vacation policy details
This type of information should be easy fodder that any company can use to build a foundation of knowledge that equips each new employee. Where top-performing companies set themselves apart, however, is by making content easily-accessible so that employees can reference it as they continuously learn in the office. For example, by assigning learning content as pre-work to be completed at home, in-person onboarding sessions can focus on application and coaching. Shifting from teaching what to do toward why it matters is how teams can shorten the time it takes for a new hire to become a functioning employee in that role.
The business implications of better time-to-productivity are huge
It’s just good business practice to plan for the time that new hires will need to becoming productive members of a team. However, this time doesn’t have to be a fixed number. And shortening time-to-productivity can mean increases in metrics that have a real effect on the company’s bottom line.
For example, FiscalNote used Lessonly to replace ad hoc training and onboarding processes—and reaped huge returns. By building easily-accessible onboarding Lessons through Lessonly, FiscalNote saw their new hires’ time-to-productivity time shrink from 4 weeks down to a week and a half, and with a higher rate of productivity. This translates to more prospects contacted, more deals, and more revenue for the business.
Sales and support employees aren’t the only ones that benefit from better onboarding. The faster a software developer gets up to speed, the more her team can focus on making a better product. And marketers who understand their company’s audience and their products’ selling points will produce better content that attracts more leads, faster.
Employee onboarding is better with Lessonly
Competitive teams shorten their time-to-productivity with Lessonly’s team learning software. Take the first step toward a better onboarding experience with Lessonly’s self-guided tour. Sign up today.