June 6, 2021: Onboarding Experience company, Tydy, has just released “ The State of Digital Onboarding” report, capturing data and trends in global onboarding in the times of the pandemic.
The report looks at data from February 2020 to March 2021 giving insights into the trend curve on digital onboarding through the pandemic and beyond. It highlights onboarding numbers during a year when Work from Home and job losses were reported to be the highest over time and throws light on the ways global businesses automated their people processes.
The State of Digital Onboarding 2020-21 report is based on data from employers across FMCG, IT & Digital Transformation, Pharma, Manufacturing, Financial Services and Telecom. The digital onboarding trend was seen across a data set of 100,000+ employees who were onboarded from March 2020 to April 2021.
Says Kiran Menon, Co-Founder, Tydy: “Global economic activity, cross-border investments and onboarding numbers were booming until April 2020 and WHO called it a pandemic. The first two quarters were spent in adapting to the new normal and it wasn’t until Q3 2020, that we witnessed a bounce back, when hope reigned supreme for businesses. Digital Onboarding enabled and empowered companies to continue to onboard their new hires in the safest way possible. With zero paperwork, low-code functionalities, automated workflows and intelligent insights - HR and IT teams have been able to onboard anyone, anywhere. Since Q1 2021, Digital Onboarding has seen a 2X growth globally.”
The report brings the following insights:
The detailed report can be accessed here