Fast-tracking new employees to productivity must be a key business imperative for employers in 2024.
Reducing turnover and fast-tracking new employees to productivity is a key business imperative. The reality is that about 30 percent of employees don't make it past their first year and it's expensive. Good recruitment and hiring can be quickly undone by disorganized poorly executed new employee orientation. And as millennials become a driving force in the workplace, they represent special opportunities and challenges. Every generation has unique needs and millennials are no different. However, a good onboarding practice for millennials is generally good for everyone. This is an opportunity to step up our game.
The research is clear, a systematic comprehensive onboarding process is good business. Formal onboarding increases the chance of keeping a new employee for at least 3 years by 69 percent and one study showed employees were productive two months earlier with an effective program. Employees get up to speed quickly and stay on the job longer when their first-year experience is well managed.
Best practices onboarding integrates the employee into the company through socialization, acculturation, training, and coaching. The result is employees who clearly understand their role and feel connected to the company. We'll show you how best-of-class programs start onboarding during recruitment and have a systematic program for the first year of work.
This webinar gives you the key components of a cost-effective onboarding plan that will increase retention and productivity.
