As HR and other leaders grapple with high turnover rates among the Gen Y cohort (see last week’s post here), all kinds of issues get raised. Is the turnover due to “special” characteristics inherent in Gen Y? Is the turnover due to lack of education and training opportunities? Naivete on the part of Gen Y – the world of work doesn’t match their expectations? Could a lack of thoughtful onboarding play a part?
The Aberdeen Group published Onboarding 2013: A new Look at New Hires last month and author Madeline Laurano provides data that might help organizations become more effective in retaining the youngest of their workforce.
First of all, Aberdeen reports that only 37% of employers have invested in a formal onboarding program for longer than two years. Surveys report that it’s difficult to quantify the ROI on formal onboarding programs so “basic orientation” activities are used in…
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