To illustrate the importance of an effective onboarding process for new employees, consider the Securities and Exchange Commission’s investigation of Bernie Madoff’s Ponzi scheme. By the time Madoff confessed in 2009, he had bilked 4,800 clients out of almost $65 billion. After the fact, an internal SEC report revealed that the agency could have uncovered the scam much earlier but botched multiple inquiries over a 17-year period.
