Onboarding Begins at Home

Onboarding is a structured process that companies use to help new employees succeed, and may involve different types of multi-media training and hands-on orientation sessions.

Another common term for this is organizational socialization, which makes it clear that we’re talking about emotional considerations as well, beyond the person just being capable at their job.

When a company actively cultivates a new employee’s job satisfaction, the result is a higher commitment to the success of the company; it’s far more likely that employee will stick around and be happy to be there. Everyone benefits from that, which is why so many companies use these structured onboarding programs.

In “Leading With Culture,” an article from the executive search firm Spencer Stuart, the authors call out some alarming statistics:

·      Executive failures can cost up to 40 times the base salary of leaders

·      Forty percent of executives who change roles or get promoted fail in the first 18 months (source: Fortune Magazine)

·      Companies with strong onboarding programs see 2.5 times the profit growth and 1.9 times the profit margin than those that don’t (source: Boston Consulting Group)

At Holistic Relo, we’d like to see one more component formally added to the onboarding process – the effective assimilation of the family. Our tagline, “Success from the family room to the boardroom” indicates that the family’s success is every bit as important as the executives success in the boardroom. It is our belief that the addition of relocation coaching to the onboarding process will save corporations money.

Holistic Relo would like to help improve the odds of an executive’s success by adding the family’s assimilation to the onboarding process.