Offboarding Statistics

Offboarding Statistics 2023: Facts about Offboarding are important because they give you more context about what’s going on in the World in terms of Offboarding.

LLCBuddy editorial team scanned the web and collected all important Offboarding Statistics on this page. We proofread the data to make these as accurate as possible. We believe you don’t need to check any other resource on the web for Offboarding Facts; All are here only 🙂

Are you planning to form an LLC? Thus you need to know more about Offboarding? Maybe for study projects or business research or personal curiosity only, whatever it is – it’s always a good idea to know more about the most important Offboarding Statistics of 2023.

How much of an impact will Offboarding Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your Offboarding related questions here.

Please read the page carefully and don’t miss any words.

Top Offboarding Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 36 Offboarding Statistics on this page 🙂

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Offboarding “Latest” Statistics

• According to Torii, 76% of IT directors agree or strongly concur that employee offboarding poses a serious security risk.^[1]
• Offboarding is a significant security threat, according to 76% of IT directors.^[1]
• According to the report from PeoplePath and Cornell, companies with formal alumni programs are perceived more favorably by employees than other firms are; their Glassdoor ratings average 16% higher.^[2]
• According to the Bureau of Labor Statistics, the average work duration in the United States has decreased to roughly 4.1 years, and employee turnover is increasing.^[2]
• 71% of businesses lack a proper offboarding procedure, and 70% are solely concerned with handling resignations.^[3]
• According to 70% of the IT decision makers polled by TechRepublic, deprovisioning all of a single former employee’s corporate application accounts may take up to an hour.^[4]
• 5% of companies have completely automated employee leave procedures, while the majority only have partly automated offboarding processes.^[5]
• According to the 2021 Bureau of Labor Statistics report, the annual employee turnover in 2020 was 57.3%.^[6]
• 72% of CEOs confessed taking sensitive information and key intellectual property secrets from their prior workplace.^[7]
• In the U.S, 89% of former workers still have unauthorized access to QuickBooks, Salesforce, and other private business applications.^[7]
• After completing the offboarding procedures, 89% of workers have access to private company apps, according to the Intermedia SMB Rogue Access Study.^[7]
• According to a 2016 Glassdoor U.S. site survey, 70% of job candidates look to company reviews before they make career decisions.^[7]
• According to the Pew Research Center, back in 2012 workers aged 55 and older had a median tenure longer than 10 years.^[7]
• The U.S. Bureau of Labor Statistics reported that the average yearly turnover rate was 44.5%.^[7]
• 25% indicated that they were unaware of how long accounts would stay active after an employee departed.^[7]
• Around 50% of IT leaders, in a survey conducted by TechRepublic, said that the outgoing employee’s accounts remain active for longer than a day after they left the organization.^[7]
• Only 63% of HR professionals have a plan in place for offboarding new employees.^[7]
• According to TechRepublic, 48% of firms are aware that former workers still have access to company information, despite the fact that improperly offboarding employees is a risky game to play.^[7]
• In 2018, the Work Institute’s Retention Report predicted that about 42 million U.S. employees would leave their jobs that year.^[7]
• 41% of a departing employee’s reasons will have changed by two weeks after their leave, demonstrating the need of reflection time.^[7]
• According to a survey by Osterman research, 89% of workers could still access important company apps long after.^[7]
• According to TechRepublic, 70% of IT decision makers surveyed said it can take up to an hour to deprovision all of a single former employee’s corporate application accounts.^[7]
• The US Department of Labor estimates a record breaking 45 million employees would leave their positions by November 2021.^[8]
• According to the Corporate Culture and Boomerang Employee Study by Workplace Trends, 40% of workers say they would think about returning to their old employer if they were given the chance.^[9]
• Boomerang job seekers who left in good standing are given high or very high priority, according to 56% of HR experts and 51% of managers.^[9]
• 76% of HR professionals say they are more accepting of hiring boomerang employees today than in the past.^[9]
• According to a research by Execu|Search, 86% of professionals stated they would switch professions if they were given greater possibilities for professional growth.^[9]
• According to a research by Software Advice, more than 50% of job searchers looked at a company’s Glassdoor job evaluations before applying for a position.^[9]
• 50% of those who looked up online employer evaluations did so before engaging in any other job.^[9]
• 70% of intellectual property theft happens in the 90 days before a worker announces their departure.^[10]
• In a Cyber-Ark poll, 88% of IT professionals said they would take critical information with them if they were dismissed, while 72% of CEOs admitted to stealing significant intellectual property from a previous business in a Code42 research.^[10]
• According to a research by Intermedia, 89% of workers had access to key company apps long after they left their jobs.^[10]
• The 2019 Verizon Data Breach Investigations Report found that 71% of data breaches are motivated by money and only 25% of breaches are motivated by espionage or attempts to gain a strategic advantage.^[10]
• A recent study from Gurucul found one in 10 would take as much corporate information with them as possible when they left, while another 15% said they would delete files or change passwords.^[11]
• According to Information Week, 50% of ex-employees can still access corporate cloud applications.^[11]
• According to Osterman Research study, they found that 89% of employees could still access sensitive corporate applications well after their departure.^[12]

Also Read

How Useful is Offboarding

One might wonder, how useful is offboarding? The answer is: extremely useful. Offboarding is the last impression that an employee will have of their time at a company, and it can have a lasting impact on both the individual and the organization as a whole. A well-planned and executed offboarding process can help to ease the transition for departing employees, mitigate risks, and even potentially lead to opportunities for re-engagement down the line.

One key aspect of offboarding is knowledge transfer. When an employee leaves a company, they take with them a wealth of knowledge and expertise that can be invaluable to the organization. By ensuring that departing employees have a structured process for passing on this knowledge to their colleagues, companies can avoid costly gaps in information and ensure that critical processes continue to run smoothly.

Additionally, offboarding can help to protect a company’s sensitive information and intellectual property. By properly deactivating access to systems and ensuring that all company equipment and materials are returned, organizations can safeguard valuable assets and data from falling into the wrong hands.

Moreover, a positive offboarding experience can help to preserve a departing employee’s relationship with their former employer. While it may seem counterintuitive, maintaining a good rapport with former employees can actually benefit a company in the long run. Former employees who leave on good terms are more likely to speak positively about their experience at the company, act as brand ambassadors, and even potentially refer new talent back to the organization.

On the other hand, a negative offboarding experience can have detrimental effects on both the departing employee and the company. Employees who feel undervalued or mistreated during the offboarding process are unlikely to recommend their former employer to others, and may even actively dissuade their networks from considering job opportunities at the company in the future. This can damage a company’s employer brand and hinder its ability to attract top talent.

In conclusion, offboarding is a critical part of the employee lifecycle that should not be overlooked or underestimated. By investing time and resources into creating a structured and supportive offboarding process, companies can create a positive experience for departing employees, maintain operational continuity, protect their assets, and preserve positive relationships with former employees. In the long run, effective offboarding can help to bolster a company’s reputation, attract new talent, and ultimately contribute to its overall success.

Reference

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1. toriihq – https://blog.toriihq.com/new-report-76-of-it-leaders-say-offboarding-is-a-significant-security-threat
2. hbr – https://hbr.org/2021/03/turn-departing-employees-into-loyal-alumni
3. hronboard – https://hronboard.me/blog/offboarding-is-more-important-than-you-think-infographic/
4. jumpcloud – https://jumpcloud.com/blog/improper-offboarding-poses-significant-security-risks
5. recruitee – https://recruitee.com/articles/why-offboarding-isnt-a-waste-of-time
6. aimultiple – https://research.aimultiple.com/employee-offboarding/
7. webinarcare – https://webinarcare.com/best-offboarding-software/offboarding-statistics/
8. avepoint – https://www.avepoint.com/blog/office-365/microsoft-365-offboarding
9. bamboohr – https://www.bamboohr.com/blog/offboarding-why-it-matters
10. currentware – https://www.currentware.com/blog/5-data-security-tips-for-offboarding-employees/
11. leanix – https://www.leanix.net/en/blog/complete-offboarding-checklist-to-preserve-data-security
12. saplinghr – https://www.saplinghr.com/blog/managing-employee-offboarding-experience