Onboarding is important because it acclimates employees to their role, the company’s philosophies, and what the company has to offer. It also engages employees, creating workers that are committed to the company’s success and helps retain new hires by making them feel like a member of the team.
According to a survey conducted by Careerbuilder and Silkroad Technology (nine percent,) or 1 in 10 have left a company because of a poor onboarding experience, and 37% percent of employees said their manager did not play a critical role in their onboarding experience support.
Without proper onboarding procedures increases in employee turnover and loss of productivity occur. This decreased employee engagement costs companies large sums of money every year.
When employees are engaged 87% of them are less likely to leave their company. Meaning they are 5 five times less likely to leave compared to unengaged employees.
When a company has great onboarding 69% of employees are likely to stay for at least 3 years.
This article will delve into onboarding, how it differs from orientation, and why onboarding new hires is essential for the success of a company.
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