Master the Game of Onboarding
Posted Tuesday, September 20th, 2016 by
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New employees are a business’s biggest investment and they must be treated as such. First day gifts and get-to-know-you games will drive measurable business outcomes and make a new employee feel more welcome to their new teams. In a 2013 study, companies that excelled at new employee onboarding achieved a 91% employee retention rate. On the opposite side, up to 20% of employee turnover happens in the first 45 days of employment with the cost of losing a new employee within their first year averaging at least 3 times his/her salary. Currently, 22% of companies have no formal onboarding program. But, organizations with a standard onboarding process experience 50% greater new hire productivity. If a new employee feels that they are learning and growing in your organization, then they will more than likely stay with your company.
These stats prove that having the right company culture and employee onboarding process will make your company stand out to potential candidates. There are various companies that are showcasing their company culture and building loyalty throughout their workforce. Sterling Talent Solutions lists just a few of these standout companies in the “Master of the Game Onboarding” Infographic.
This publication is for informational purposes only and nothing contained in it should be construed as legal advice. We expressly disclaim any warranty or responsibility for damages arising out this information. We encourage you to consult with legal counsel regarding your specific needs. We do not undertake any duty to update previously posted materials.