Companies Need to Focus on Reducing “Time-to-Productivity’ More Than “Time-to-Hire”
Time to productivity is key when taking on new hires. When these new hires are well equipped and have access to a well-advanced HR onboarding process and are aware of company culture, they will be ready to perform and become productive for the company.
The average time required for new hires to reach a point where they are having a real impact on the business is 6 months. This is also known as Time-to-Productivity (TTP). This is according to interesting research from mthree – Wiley Edge. They used data from 500 UK-based business leaders and 1,000 young workers.
TTP can take even up to 12 or 18 months. TTP will also differ across seniority levels – it’s usually longer for junior employees than for senior staff members. This metric is different from Time-to-hire. That measures the time between the moment your eventual hire entered your pipeline (through sourcing or application) and the moment they accepted your job offer. This can take even up few months maximum.
The Facts & Stats
According to the data, the majority of businesses (59%) believe the average time required for a new hire to impact can take up to 6 months. 35% between four and six months, and 35% between seven months and a year. This period can be explained by the relative inexperience of junior employees in the workplace. This means that focused training is not the only support required to get them to the necessary level.
72% of businesses needed to provide some additional training to junior employees for a variety of reasons.
Contrastingly, the study revealed that new hires believe it only takes an average of around a month for them to become a productive member of the team.
A positive onboarding experience is important for business. Successful onboarding is the result of several HRM (human resource management) functions working together in a coordinated fashion. This is according to insightful research done by Talya N. Bauer Mary Gowan SHRM SHRM Foundation.
No matter what the terminology, the faster new hires feel welcome and prepared for their jobs, the faster they will be able to successfully contribute to the firm’s mission.
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