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Our Platform is Expanding
As the premier white label applicant tracking system on the market, HiringThing has spent the better part of the last decade spreading Hiring Happiness® by empowering our partners to offer best-in-class proprietary recruiting solutions they could use to drive revenue, expand into new markets, and make their businesses more competitive.
We launched our applicant tracking system in a highly competitive market but evolved our business model when we discovered a gap in the market regarding white and private label hiring solutions other businesses could use to quickly and efficiently help their customers solve one of their top business challenges. We’ve noticed another gap in the market: employee onboarding. Though an essential part of the recruiting cycle, HR departments and organizations that offer HR tech solutions have been overlooking onboarding—only 12% of employees believe their organization does a great job of onboarding, 42% of companies don’t have dedicated onboarding technology, and 36% of employers say a lack of onboarding technology options is one of their main challenges—and all the ways employee onboarding could help strengthen their goals (93% of employers say good onboarding is crucial to whether or not new employees decide to stick around).
We’ve been helping companies expand their own products—and preaching the benefits of being multiproduct—and felt it was the right time to expand our platform with a new product. The HiringThing team is ecstatic to announce that we’re launching our brand new onboarding solution next year, available for end-users and private label partnerships.
Hiring and Employee Onboarding
Hiring and employee onboarding are intrinsically linked. Good new hire onboarding can ensure that the employees you spent time and resources hiring not only stick around past their first day but become engaged, productive members of your workforce.
- Great onboarding increases employee retention by 82% and increases retention for new hires by 52%.
- Businesses with structured onboarding see an average of a 60% revenue increase yearly.
- Organizations with effective employee onboarding have an average of 33% higher employee engagement.
- Good onboarding correlates with up to a 70% increase in new hire productivity.
- 69% of employees who experienced good onboarding will stick with a company for at least three years.
Great onboarding also helps save your hiring team valuable time in getting new hires up and running as productive employees.
- Automating onboarding tasks results in an 18% improvement in initial performance.
- 57% of onboarding software users said a top objective of an employee onboarding program is to complete time-consuming, complicated compliance requirements.
- Companies can save money by automating their document management: an average of $20 per paper on filing, $120 spent on looking for lost documents, and $220 spent on recreating lost documents.
When Aptitude Research released their 2023 Talent Acquisition Buyer’s Guide, we’d already been deep into the onboarding development process. The report indicated that 70% of companies think onboarding should be a built-in part of recruiting, underscoring this was the right decision. Recruiting and onboarding work together as part of the HR cycle, so the technology that streamline and optimizes both should also be linked.
Interested in Getting Updates?
The HiringThing team is working hard to ensure this product will help end users transform their onboarding experience and empower partners to provide a vital HR tech solution that only 26% of companies are fully utilizing as of this writing. If you’re a forward-thinking company looking to get the conversation started about adding white label onboarding to your platform in 2024, please sign up for a chat with one of our business development reps. Additionally, we’ll be providing valuable onboarding content if you’d like to sign up for updates.
Onboarding-Centric Resources
About HiringThing
HiringThing is a modern recruiting and employee onboarding platform as a service that creates seamless talent experiences. Our white label solutions and open API enable HR technology and service providers to offer hiring and onboarding to their clients. Approachable and adaptable, the platform empowers anyone, anywhere to build their dream team.
