During onboarding, employers spend several months familiarising new workers with the organisation and their jobs. Why is an efficient onboarding process crucial despite the fact that it takes time?
A systematic onboarding programme can increase employee retention, raise new recruit productivity, and increase your organization’s revenues. Important because it acclimates personnel to their role, the company’s principles, and the company’s offerings.
It also creates employees who are committed to the success of the firm and helps retain new hires by making them feel like part of the team. Without appropriate onboarding procedures, staff turnover and productivity decrease. This diminished employee engagement costs businesses significant amounts of money each year.
When an organisation has excellent onboarding, 69% of workers are likely to remain for at least three years. This essay will discuss onboarding, how it varies from orientation, and why it is vital to the success of a business.
Comprehensive onboarding process of new Onboarders
- Enhanced employee satisfaction: There are more jobs available now than ever before, therefore there are plenty of options for your employees outside. If they are unhappy with the employee experience at your firm, they can easily find employment elsewhere.
A successful onboarding procedure sets the tone for the entire employee journey. It’s important to show new onboarders that you value their time with the company by putting effort into things like company culture, training, and regular check-ins.
- Higher employee engagement: Engaged employees go above and beyond in their work, which results in increased production and profitability, as well as decreased absenteeism and attrition. The proper onboarding process can help employees feel more connected to your organization’s purpose, vision, and values. Set up your new onboarders with a mentor and assist them in learning about the firm in an engaging manner.
Give employees prompt praise when they do a good job, and ask for and act on their feedback. By adding these activities to your program for getting new onboarders started, you may be able to get them more involved right away.
- Better employee retention: Employee retention will be a high priority for many firms, and for good reason. When you think about how much it costs to replace an employee and how much it costs to have a job open, employee turnover is expensive. It is more wasteful to replace a new worker within 90 days than it is to replace someone who has worked for your company for a long time and helped it make money.
Warmly greet new onboarders to capitalize on their enthusiasm and enable a smooth transition from candidate to employee. The first day of work should be filled with excitement, introductions, and learning, not paperwork. Maintain your onboarding process for at least 90 days to ensure new onboarders are adapting to their new roles and will stay long-term.
- Arranged talent recruitment: An engaging onboarding program that gives employees a great first impression can go a long way toward helping you not only keep good employees but also find qualified new ones. After giving your new hires a world-class onboarding experience, ask them to leave an early review on Glassdoor.
Also, make sure that new onboarders know about your employee recommendation program so that they can quickly recommend great candidates from their networks. Employee referrals are known to be faster, cheaper, easier to onboard, and more loyal. This makes them an important way to find candidates.
- Improved corporate culture: It’s not enough to just find and keep talented people; you have to find and keep the right people.
Creating a strong, purposeful corporate culture and letting people know about it during the hiring and onboarding processes will help you find and keep the right people. Share your organization’s mission, vision, and core values with employees early in their careers and often as their careers progress.
- Increased efficiency: Typically, new recruits require the better part of a year to reach maximum production. It takes time to get used to a new job because you have to do things like learn about the organization and form cross-functional teams.
A successful onboarding process helps the new employee adjust and fosters the development of employee relationships. It also involves creating goals, having managers check in regularly, and training and developing staff so that everyone knows exactly what they’re working towards and how they’re doing.
In a nutshell
Strategically bringing on new onboarders takes more than just printing out papers and making a PowerPoint presentation about company policies, it pays off. Strategically onboarding personnel has numerous benefits. Some, such as increased productivity, have an impact on your revenue. Others, like keeping more of your employees, can have a big impact on your bottom line. Think of your onboarding program as a work in progress. Add new ideas as you can and ask for feedback to make it better. Over time, there will undoubtedly be more advantages to properly onboarding staff.