A strong employer welcomes
EMPLOYEE ONBOARDING
Employee Onboarding is the process of integrating employees into their new work environment and overseeing their progress during that critical first year. It is the last stage of the recruitment process and is the first step toward retention. It goes beyond the orientation program and is the process of aligning, assimilating, integrating, and transitioning a new employee by focusing on:
Affirming the employee’s right choice in a job
Affirming that the employee fits into the organization
Building a long-term employment relationship
Your employees make a commitment to you and your organization when they accept an offer of employment. At the same time, you have made a commitment to them as a valued part of your workforce. . Orientation is an introductory stage in the onboarding process of new employee and must be a component of the on-boarding process. However, many organizations stop at the employee orientation and conclude any formal program within the first few weeks of employment.
ONBOARDING IMPACTS ROI:- The cost of losing an employee in the first year is estimated to be at least three times the salary
- New employees who went through a structured on-boarding program were 58% more likely to be with the organization after three years
- 22% of staff turnover occurs in the first 45 days of employment
- Many companies leave executive on-boarding to chance and as a result experience failure rates in excess of 50% when it comes to retaining new executive talent
- Increase employee job satisfaction levels
- Result in higher retention of high-performing employees
- Foster continued employee engagement and commitment
- Lead to faster time-to-productivity