You're about to hire a bunch of new folks. Get the most out of them, day one.
Hiring today is more expensive than it has ever been. Fewer qualified IT resources are available. Salaries and search/placement fees are on the rise. And the time it takes to recoup that investment has gone up.
Total hiring costs are measured from the on-set of the search to the moment the new hire becomes independently productive. Over the years, companies have streamlined the hiring process to minimize the search costs. But, most stop there - little has been done to decrease the ramp time for newly hired technology workers. It’s clear they get there, but its not pretty. It takes on average 4 - 6 months before a technology new hire is productive, impacting the total hiring cost 3-5 times more than the search costs.
New Hire Development Service
With 70 - 85% of total hiring costs coming from new hire ramp time, the time to productivity of a new hire has the most significant impact on the rate of return of the hiring investment. But achieving new-hire productivity is complicated - technical skills, soft skills, organizational structure, job tools, and process all contribute to the complexity of new hire productivity.
The DevelopIntelligence New Hire Development service helps you increase the rate of return on your hiring investment by decreasing new hire ramp time and effort. By minimizing the complexity within the ramp cycle, our new hire development programs help you address those “other skills” required to achieve new-hire productivity. Leveraging our proven Evaluate. Architect. Construct. Learn. process, we work with you to understand your unique set of variables and objectives. Building on this understanding, we will architect and construct an effective new hire development program, that supplements your HR-driven new hire orientation. Together, the new hire development program and your effective hiring techniques will not only decrease the new hire cost, but also increase the overall productivity of your new hires, allowing you to realize a better long-term return
New Hire Development Program Success Story
As a big Telecommunications company from the UK expanded to the US market, they found it difficult to find candidates with the right mix of telecom experience and software development experience needed to integrate their OSS solution. At the time, the market offered highly experienced telecom engineers or highly experience Java engineers - not both. As a result, the Company found themselves with a productivity problem. It was taking the newly hired employees twice as long as they expected to ramp-up, learn the product and the domain, and effectively integrate their solution. The result was lost revenue and a burdened team. To solve this problem, we created a New Hire Development program. Within 6 weeks we were able to create and deliver a program that reduced the time to productivity of new hires.
Due the proprietary nature of work, we can't openly disclose who that big Telecommunications company from the UK was. But, we can tell you the program chopped the time to productivity in half, allowing them to realize a fully-loaded bill-rate 12 weeks after a person was hired.
