For Success, Onboarding Isn’t “Optional”
Congratulations, you’ve done it!
You faced head on the need for hiring new talent in today’s tight labor market and found someone you believe is great. This happened because you took the steps necessary to plan and clarify your current and future needs. You invested the time to make a wise hiring decision and as a result, have found a candidate that fits the position today–with the ability to grow with the organization.
You might be looking around and thinking, “Phew, glad that’s done!”. However, although you’ve made it past the first hurdle, another is facing you. Now it’s time to get this new hire up-to-speed and ready to perform at their best. Regardless of skill or experience level, all new team members benefit from onboarding.
According to an article published in the January 2017 edition of the Association for Talent Development Magazine, “Studies have shown the first 90 days are critical in determining a new hire’s success within the organization…new employees determine quickly if they will stay past the first year…and new employees who went through a structured onboarding program are 58% more likely to stick around after 3 years.” One alarming statistic shows that 4% of employees quit on their first day!
Effective Onboarding Supports Employees
Effective onboarding programs help employees navigate the terrain of a new environment by not only providing an orientation to HR paperwork and compliance, but also by creating a foundational understanding of the role, the people, the processes, and the business. Research shows when employees receive support in the form of a well-planned and well-executed onboarding program that leverages a 90-day training plan for success, they display more a positive attitude, are more engaged and work harder. Investing upfront impacts the long-term bottom line.
Remember, by investing time today you can build a successful onboarding program that reduces turnover, improves quality, reduces re-work, increases employee engagement and allows you to focus on the challenges of tomorrow because you are confident in the people you have alongside you today!
Check out the KnowledgeForce DIY Onboarding program, or drop us an email today, we’d be happy to share some best practices and tips for getting started.
For more information, read our complete employer’s guide on corporate learning and employee engagement.