How often do you evaluate your onboarding processes? More often than not, business owners have a tendency to put all their energy into recruiting… At the expense of onboarding. And although recruiting is important, it’s only the first step in helping an employee become invested in your company.
Here are just a few reasons to improve your onboarding process.
Help employees succeed
Engaged employees want to succeed and advance in their jobs. As a result, they are dedicated to your business objectives.
Save money by lowering turnover
Lax onboarding is pricey because it increases turnover. To illustrate, studies show it costs between 100% and 300% of an employee’s salary to recruit, hire and train. In light of this, onboarding is a sensible investment.
Strengthen your reputation
When your employees are confident, they feel good about your business. They leave positive reviews on Glassdoor and other review sites. Beyond your employees’ perception of your business, your reputation is vital for customer loyalty as well.
How long should it last?
Most likely, onboarding should take longer than you think. Here at Southland Data Processing, our HR experts recommend at least three months. However, ideally, the manager and fellow team members will mentor the new hire for several months.
If you take shortcuts, then new hires are less likely to stay. One-third of U.S. employees have quit a job in the first three months. Frequently, these terminated employees cite ‘lack of training’ as the reason for their departure.
Onboarding is a multi-step process. Start by following best practices. Then, document your actions and track the steps. (Hint: Good onboarding software makes this easy!)
Incorporating Company Culture
As a best practice, infuse your onboarding process with the personality of your business. To do this, we recommend working with your marketing team. As a result, you’ll not only get better results. Additionally, you’ll be able to strengthen your brand through onboarding.
Steps to Improve
Did you know SDP offers a paperless onboarding solution? Built to integrate with payroll, our Onboarding module is economical, easy to use, and can be set up in minutes.
For even more bang for your buck, pair Onboarding our Applicant Tracking System and Work Opportunity Tax Credit (WOTC) screening service for a comprehensive hiring solution to find (and keep!) great new hires for your business.
What Do You Think?
Ready to see what “better” could look like for your business? Then let’s talk! Call our office at (866) 946-2032 or reach out to us here to start building your perfect hiring solution today.
For more HR tips and support, be sure to log on to SDP’s HR Support Center. (Free for all clients!) There, you can access our entire library of laws, articles, policies, and trainings on HR topics affecting all states and municipalities. And don’t forget to follow us out on Facebook, Twitter, and LinkedIn for even more business tips & tricks!