Summit Realty: Onboarding at Lightspeed

Overview

Rocketing into Rapid Expansion

Summit Realty, a leading real estate firm, was experiencing rapid growth due to a booming housing market and increasing demand for properties. To seize this incredible opportunity, the company aimed to onboard 3,000 new employees, including agents, brokers, appraisers, and consultants across various departments. Recognizing the pressing need for a robust training program, Summit Realty engaged Novalta to create an effective and comprehensive onboarding solution tailored to their specific requirements.

The Challenge

Scaling a Workforce Avalanche

Rapid expansion posed significant challenges for Summit Realty, which needed to address various critical areas:

  1. Scalability: A standardized onboarding program was essential for consistent training across all new hires, ensuring uniformity in knowledge and skills.
  2. Diverse Skill Sets: Employees needed specific skills such as effective sales techniques and exceptional customer service to succeed in their roles.
  3. Time Constraints: The program had to minimize time to productivity without sacrificing quality, ensuring that new employees could contribute quickly and efficiently.
  4. Certification Needs: A structured program was necessary for thorough industry certification preparation, allowing employees to meet required professional standards.
    These issues posed risks to growth, potentially causing delayed productivity and lower customer satisfaction levels among clients.
Our Approach

Blueprint for a Seamless Ascent

Novalta developed a comprehensive training strategy that included several key components:

  1. Needs Assessment: Analyzing required skills for each role with input from 200 employees and managers across various departments to ensure accuracy.
  2. Modular Training Design: Creating 15 role-specific training modules focused on essential skills tailored to different job functions for maximum effectiveness.
  3. Blended Learning Approach: Combining e-learning, live virtual sessions, and in-person workshops to achieve 90% completion rates within the onboarding period, ensuring flexibility for all participants.
  4. Certification Program: Establishing structured certification pathways for each role to promote professional development and career advancement opportunities for employees.
The Solution

Fueling Growth with Tailored Training

Novalta implemented a tailored New Hire Onboarding program to enhance essential skills across various roles within the organization:

> Real Estate Agents: Trained in effective sales strategies, negotiation techniques, market trends analysis, and property valuation processes.

> Brokers: Learned critical real estate laws, ethics, compliance regulations, and vital leadership development skills to guide their teams.

> Appraisers: Focused on comprehensive property assessment methods and data interpretation to ensure accurate valuations and reports.

> Consultants: Developed strong customer service, communication, problem-solving, and advisory skills to meet diverse client needs effectively.

Role-specific certification programs emphasized essential skills like sales, marketing, leadership, and compliance, with assessments conducted at the end of each module to evaluate knowledge retention and application.

The Impact

The Sky’s the Limit

The implementation of Novalta’s onboarding and certification programs resulted in significant positive outcomes for Summit Realty, contributing to its overall success:

> New hires reached productivity in just 30 days, down from the previous standard of 90 days, allowing for quicker integration.

> Revenue increased impressively by 25% over six months, adding an impressive $5 million in sales to the company’s bottom line.

> Client satisfaction scores rose significantly by 40%, indicating enhanced service quality and improved customer relationships.

> Operational errors decreased substantially by 30%, demonstrating improved efficiency and effectiveness in daily business processes across the organization.

Unleash Your Growth Potential

Discover More Client Stories

Download Client Story

This field is for validation purposes and should be left unchanged.