Employers Should Use New-Hire Orientation for Co. Goals Discussion
At least that is the contention of Ilene Gochman, an organization effectiveness expert with Watson Wyatt Worldwide, according to a news release.
In a review of human resources practices at 50 large U.S. companies, Watson Wyatt found significant differences in financial performance and employee engagement between companies that make the maximum use of their hiring and orientation process and those that do not.
According to the news release, 65% of companies
with a highly engaged workforce provide interview
training for managers versus 33% of companies with a less
engaged workforce. Those with highly engaged workers also
spend more time in preparing workers for their new jobs;
they take an average of 35 weeks to bring a new hire up
to speed versus 15 weeks for those with low engagement,
according to the poll.
The issue is an important one for a company’s bottom
line, Watson Wyatt asserted. For the typical S&P 500
organization a significant improvement in employee
engagement is associated with a $95 million increase in
revenue.
“Implementing effective recruiting and orientation
programs is generally very cost effective,” Gochman said,
in the news release. “In addition, it is not terribly
difficult to make change in this area. The main
requirement is to focus on improving communication, both
to managers who do the hiring and to new employees
themselves.”
Goldman said hiring managers should also brief new hires
on why they were tapped to be brought into the company.
Fifty-two percent of high financial performers said they
provided such an explanation versus 29% of low financial
performers, the announcement said.
“Few things are more important to a company’s long-term
performance than choosing the right employees and
ensuring they have the proper outlook from Day One,”
Gochman says. “As a result, employers should view the
recruitment and orientation process as an opportunity,
not as a burden. Preparing employees for their new roles
and communicating how they can help the firm meet its
goals can go a long way toward determining whether new
employees ultimately succeed.”
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