Onboarding is important: Time is money and the time it takes to get your new employee up and running can cost you big. Recruiting, training, benefits and workplace integration are just a few of the costs of your new hire. The full cost to get your new employee completely integrated into your workforce can be between 1.5x and 3x their salary.
Finding your new hire can end up being easier than getting them to stay, so how do you make sure your investment does not go to waste? It all starts before they even walk in the door, with your onboarding process.Employee retention & addressing employee turnover
The cost and time involved in the recruitment process makes [...]
And the secret is! (drum roll please)
Michael Scott Drumroll drum rollOnboarding! YAY!
Don’t let the confetti distract you too much. Employee retention can make or break an organization! Replacing a salaried employee can cost 6 to 9 months of that employee’s salary. For a manager making $40,000 a year, it can cost between $20,000 and $30,000 to recruit and train a new hire. That is why up to 73% of organizations revitalize their onboarding process so they can improve employee retention.
How does a company revamp their onboarding process? Let’s start from the beginning, or before the beginning.Best Day Before the [...]