Does your business have a thoughtful, systematic, and documented way to bring new hires “on board?” A strong onboarding process can increase employee satisfaction and productivity. It’s also been shown to increase the return that companies get on staff training investments.
Companies that are not properly training and onboarding employees have a higher cost of turnover which makes it imperative that hiring managers understand the benefits of an onboarding guide and how to create and use one. A strong onboarding procedure can raise new employee retention rates, improve employee effectiveness, and increase your company’s ROI in their training.
An onboarding procedure is a strategic, systematic method of bringing an employee “on board” once they are hired.
On average, recruiting, hiring, and training a new employee can cost upwards of $10,000, with 25 percent of these recruits leaving after the first year. The amount of time and money wasted is astronomical. An onboarding guide allows you to help an employee transition into the company, increase their productivity, and eventually reduce the high turnover rate.
Often the most frustrating thing for a job seeker or new hire is a vague job description with little feedback for clarity on the desired role. This can lead to a negative connection to your company and even cause conflict, leading a new employee to leave the company in less than a year.
Starting off on the right foot with a great onboarding process is key to successfully establishing a new hire within your company and keeping your team on the same page. Developing a strong onboarding guide for your company will save you valuable time and money on hiring, training, and retaining quality employees. Make sure that your company’s onboarding guide includes these three essential components.
What should a new hire’s first day look like? Structured. Scheduled. Welcoming. Every company should have an onboarding guide to help new employees acclimate and get up to speed as quickly as possible. How can your company set the tone for your new hire?
Hiregy is pleased to announce the release of A Manager's Guide to Onboarding!
Companies in the U.S. spend an average of $10,731 getting new hires up to speed. Even with so much money spent, 25% of all recruits leave before the end of their first year. Those are astounding numbers. A good onboarding procedure can save companies money by helping new hires become more productive, much more quickly. If an employee feels like they have found their “fit” in the organization, they are much less likely to move on.
Our onboarding guide was developed with hiring managers in mind, to make the onboarding process at smooth as possible. This guide includes:
What to do when new employees enter the company.
What onboarding looks like.
How to implement the onboarding process.
- The Do's and Don'ts of onboarding.