What is Employee Onboarding?
Employee Onboarding refers to the processes by which new employees are integrated into the organization. It includes activities that allow new workers to accomplish a key component of the orientation process and also learn about the organization and its structure, society, vision, purpose, and values. Some organizations' onboarding processes last only one or two days; for others, the process may last several months. Enterprises and governments are threatened by potential data breaches and thefts, which, if successful, can harm large organizations and their customers. Individual consumer rights are increasingly being emphasized in data privacy regulations, with the General Data Protection Regulation (GDPR) raising the bar for how organizations worldwide treat sensitive personal data. Business leaders and CISOs are now tasked with reducing data exposure by implementing effective solutions. All new employees are onboarded, but the performance of the onboarding makes a real difference. Too often, onboarding consists of handing a new employee a stack of forms and having a manager or HR expert walk the executive around the premises, attempting to make ad hoc introductions. When onboarding is done properly, it lays the groundwork for long-term success for both the employee and the employer. It can boost productivity, increase loyalty and engagement, and help employees succeed early in their careers with the new organization.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Netflix (United States), Quora (United States), DigitalOcean (United States), Twitter (United States), Buffer (United States), Linkedin (United States), Zapier (United States), Square (United States), Facebook (United States) and Google (United States) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Regular Employee Onboarding, User / Consumer Onboarding and Client Onboarding) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Employee Onboarding market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Employee Onboarding market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Netflix (United States), Quora (United States), DigitalOcean (United States), Twitter (United States), Buffer (United States), Linkedin (United States), Zapier (United States), Square (United States), Facebook (United States) and Google (United States).
The global market is very competitive, with a limited range of suppliers competing against one another. The intensity of rivalry, modifying consumption expenditures, demographic changes, and frequent changes in consumer preferences present significant chances of growth.
Influencing Trend:
Rising Prevalence of Cloud Based Employee Onboarding and Training and Performance Management Integration
Market Growth Drivers:
Increasing Demand for Employee Onboarding Due to Ease of Use for Customers and Rise of Digital Platforms for Employee Onboarding
Challenges:
Lack of Awareness in Emerging Economies, Growing Threat of Cybersecurity and Interoperability Issues and Safety and Security Concerns
Restraints:
Resistance of Employee to Adopt Onboarding could hamper in the Market Growth and Lack of Awareness about the Benefits of Employee Onboarding
Opportunities:
The Emerging Demand from Asia Pacific Region and Rising Opportunities for Direct-to-Consumer and Employee Onboarding Companies
Key highlights of the Global Employee Onboarding market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Employee Onboarding market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Employee Onboarding market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Employee Onboarding Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Employee Onboarding market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Employee Onboarding market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Venture and Capitalist, Employee Onboarding Distributor & Suppliers, Government Research Organizations, Private Research Organization, Government Bodies, End-Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.