# Silo Team nominated as Best Newcomer 2023 in the Nordic Startup Awards.

# April 24, 2023

Press

Global Startup Awards is the largest independent startup ecosystem competition. Announcement date YTBD.

**Update as of April 28th, 2023:** Silo Team has advanced as a finalist in the category:

**Best Newcomer 2023 - Nordic Startup Awards**.

Read LinkedIn announcement [here](https://www.linkedin.com/feed/update/urn:li:activity:7057704596391014400). Comment from Rasmus Stjernström, CEO Silo Team: ".. I'm so proud of the team and hopefully we will see you in Iceland 🇮🇸 soon! .."

Companies with great onboarding programs see [2.5% more revenue growth and 1.9%](https://image-src.bcg.com/Images/BCG_From_Capability_to_Profitability_Jul_2012_tcm9-103684.pdf) of the profit margin as against companies with poor onboarding processes. The former also leads to higher productivity levels and faster knowledge acquisition rates.

Integrations for your workflow

## Statistics

- **12%** of employees think their employer does a great job of onboarding new employees [Gallup](https://www.gallup.com/workplace/235121/why-onboarding-experience-key-retention.aspx#:~:text=Gallup%20finds%20that%20only%2012,great%20job%20onboarding%20new%20employees.)
- **51%** of employees say they’d go “above and beyond” if they were given a good induction and onboarding [Hays](https://www.hays.com.au/press-releases/HAYS_1896743)
- **22%** of companies do not have a formal onboarding process [Harvard Business Review](https://hbr.org/2022/04/onboarding-can-make-or-break-a-new-hires-experience)
- **70%** increase in productivity if a well-structured onboarding program is in place [Quale](https://www.qualee.com/blog/19-mind-blowing-onboarding-statistics#:~:text=22%25%20of%20companies%20have%20no,program%20have%20better%20assimilation%20rates.)