Why Employee Onboarding is Key to Retention and How to Do It Right
In today's fast-paced and competitive business landscape, attracting and retaining top talent is a critical aspect of any successful organization. Employee onboarding plays a pivotal role in shaping a new hire's experience, engagement, and overall success within the company.
Effective onboarding is important because it helps you:
Increase productivity by ensuring that your new hires are familiar with company policies and procedures, which allows them to hit the ground running instead of having to learn everything from scratch.
Foster trust by showing that you care about their success at your company, including how they can best serve customers or clients (or both).
Ensure compliance by making sure everyone follows the same rules so there aren't any surprises down the line when someone thinks they're doing something legal--but isn't really allowed under company policy
Creating an effective onboarding process
Create a clear job description.
Provide resources to help your new hire get up to speed quickly.
Utilize onboarding software to streamline the process and make it more effective.
Building Trust During Onboarding
In order to build trust, you need to be transparent with your employees. This means:
Being honest about what the job entails and what it doesn't
Showing them that their input is valued by asking for feedback on how things are going
Sharing information about company goals and strategies so they know where they fit into the bigger picture
Ensuring Compliance
Ensuring compliance is another important aspect of onboarding. You need to ensure that your employee is complying with all legal regulations, including providing required paperwork and creating an audit trail.
Outsourcing an HR Consultant
If you're looking to streamline your onboarding process, outsourcing to an HR consultant can help. A third-party expert will be able to provide guidance on how to make sure nothing falls through the cracks and that your employees feel welcome from day one.
If you're concerned about cost, consider this: The average cost of training a new employee is $4,700. and that doesn't even include the time spent by managers and other employees who are involved in onboarding tasks like orientation sessions or paperwork processing. If there's anything we know about business today, it's that efficiency matters more than ever when it comes to staying competitive (and keeping costs down).
