As a business that focuses on technology solutions for the HR world, we understand better than most that creating positive on-boarding experiences for new hires is crucial for a company’s long-term success. Without them, new employees may feel immediate dissatisfaction with their jobs and may even quit early. In today’s job market, which is characterized by high volatility, retaining talented team members is the key to long-term success.
A study conducted by the Society for Human Resource Management (SHRM) found that 22% of employees leave their jobs within the first 45 days of starting. This is known as the “first 45-day” phenomenon. The study also found that poor on-boarding experiences were one of the main reasons for this high turnover rate.
According to SHRM’s president and CEO, Johnny C. Taylor Jr., “On-boarding sets the tone for the entire employment relationship. A poor on-boarding experience can lead to disengagement, poor productivity, and ultimately, turnover.”
Another study by Glassdoor found that 89% of employees would stay longer with a company if they had a positive on-boarding experience. This highlights the importance of creating a positive and seamless on-boarding process for new hires.
Positive on-boarding experiences can include providing clear information about the company’s culture and values, assigning a mentor or buddy to new hires, and providing training and development opportunities. These activities can help new hires feel more comfortable and confident in their new roles and can also help to foster a sense of belonging within the company.
Creating a positive on-boarding experience can also help new hires to be more productive and engaged in their work. According to a study by the Center for American Progress, “investing in on-boarding can increase new hire productivity by up to 11% and reduce turnover by as much as 25%.”
In conclusion, creating positive on-boarding experiences for new hires is essential for retaining talented team members and achieving long-term success in today’s job market. It sets the tone for the entire employment relationship and can lead to increased productivity, engagement and a reduction in turnover.
Sources:
- “The First 45 Days: Why Employee Turnover Is So High” https://www.shrm.org/resourcesandtools/hr-topics/talent-acquisition/pages/first-45-days-employee-turnover.aspx
- “89% of Employees Would Stay Longer with a Company That Offers a Positive Onboarding Experience” https://www.glassdoor.com/employers/blog/89-of-employees-would-stay-longer-with-a-company-that-offers-a-positive-onboarding-experience/
- “The High Cost of Not Onboarding Employees” https://www.americanprogress.org/issues/economy/reports/2019/08/01/472501/high-cost-not-onboarding-employees/
