What is employee onboarding and why should you care?
From the initial recruitment to six months in, manage your employees’ development as they settle into your organisation’s culture. A bad experience is going to cost you.
Employee onboarding forms the first impression every candidate and future employee will develop of your organisation. If it’s a great experience, your people will start their new role motivated and committed. If it leaves something to be desired, your new hire may not last long, or even show up.
Onboarding covers everything from that first job advert posting, through to the interview and job offer, to their first day and the following six months. Each interaction between your organisation and the candidate will shape their opinion, and likelihood of sticking around. And this is important if you don’t want to waste thousands of pounds due to poor employee retention rates.
Bad onboarding experiences have led to an increase in the phenomenon known as ghosting. With the time, costs and resources involved in recruiting, can you really afford for your chosen candidate to be a ‘no-show’?
According to job site Monster, average retention rates for employees in the UK is approximately 15%. When costs can run up to £33,000 to recruit new employees, organisations of 100 people or more are spending over half a million on their annual recruitment costs.
How do you fix this? With an outstanding onboarding experience. According to Society for Human Resource Management, 69% of employees are more likely to stay with a company for three years if they experienced great onboarding.
These stories you are about to read will show, the world of
work can be a scary place, but everything could have gone
so much better with the right approach to onboarding.
Learn these lessons… or else you will be the sad victim
of an unfortunate onboarding event.