Great, you’ve selected a new employee after reviewing hundreds of resumes and several interviews. Now it’s Day One. Do you know where your new employee is? More importantly are you prepared?
You work hard to make a favorable impression on job candidates, talking about your benefits, your culture, etc., but what happens when they show up for work? How are you handling the employee’s first hour, first day, first week and first months on the job? OR do you put them at a desk and forget about them?
The truth is, a “sink or swim” onboarding process doesn’t work. Research shows that companies with a structured onboarding program are 69% more likely to retain new hires for more than three years than those who are not. Research also proves that employees will perform better when the onboarding process includes providing a big picture of the company, explaining benefits programs, introductions to key personnel, employment expectations, and thorough training.
Retention is one of the most important parts of the new hire procedure. The costs to review resumes, interview applicants, and train new hires are very high. It’s much more cost effective to bring in a good candidate and turn them into a well-trained, happy, committed employee.
If you have questions on how to create an onboarding process or what should be included, please contact the experts at CyQuest.