The True Cost of Onboarding
The cost of onboarding can be significantly higher than what L&D and HR departments may usually acknowledge. In fact, training 1000 new hires, especially for pivotal job roles could cost you approximately 40 million dollars a year if you consider all the costs involved. These costs are not just high. They are also fixed costs that you cannot control. Consider the following:
How We Help
A Flexible, Cost-Efficient Model for Building Talent Pipelines
NIIT’s Talent Pipeline as a Service is a flexible, cost-efficient model for building talent pipelines. Our goal is to give you an employee that is productive from the first day on the job. In this model, NIIT is responsible for all the fixed costs of onboarding – content design, development and maintenance, trainers, delivery and program management, training administration and reporting, venue and logistics, stipend, and training. We replace these costs by a fully variable, per-hire service fee. What is more, you can delay starting new hires on your payroll until they have completed their new-hire training at NIIT and are fully job-ready.
Cohorts that complete our new-hire training are significantly more proficient and truly job-ready from Day 1. Our goal is to reduce training significantly by up to 40% while increasing effectiveness. NIIT also guarantees a reduction in your total cost, often by up to 20%.