Most firms’ employee onboarding tool focuses on completing new hire paperwork and explaining practices. Instead, it is administrative, ensuring that the employer’s obligations are met and maintained compliance. This, however, is a blunder. For example, doing too little during this important transition period may result in more turnover, lower engagement, and worse productivity, among other things.
On the other hand, forward-thinking businesses are discovering several benefits to proactively onboarding employees, including:
1. Increased employee experience
Job positions are at an all-time high, and your workers have many choices at their disposal. If they don’t like their position at your company, they may easily find another one that is a better fit for them.
A good onboarding tool process establishes the tone for the whole employee journey. Focusing on business culture, employee growth, and frequent check-ins, display to new workers that you are concerned about their experience at your organization. Extending these priority areas beyond your onboarding period helps maintain a positive employee experience from hiring through retirement.
2. Increased employee engagement
Employees enthusiastic about their jobs go above and beyond the call of duty, resulting in higher productivity and profitability and lower absenteeism and attrition. The problem is that just 33% of employees are engaged.
Workers will feel more linked to your company’s mission, vision, and values if they are effectively onboarded. Assign a companion to your recruits and help them learn about the company in a fun way. Breakfast with the CEO, for example. Acknowledgment for a job well done as soon as possible and receiving and incorporating employee feedback. By including these activities in your employee onboarding program, you’ll be able to boost employee engagement right away.
3. Increased employee retention
Employee retention is a high priority for many companies this year, and for a good reason. Employee turnover is costly when you consider factors like backfilling the position and the cost of vacancy. While some turnover is inevitable, you want to optimize your employee’s lifetime value. Replacing a fresh worker within 90 days is more wasteful than replacing a longer established employee who has supplied your firm with years of production.
4. Easier recruitment of talent
Following their new hire onboarding experience, 20% of new hires are unwilling to refer an employer to a friend or family member. This is troublesome because disgruntled employees may air their grievances publicly, tarnishing your company brand, on review sites such as Glassdoor or InHerSight.
An engaging user onboarding software that delivers a fantastic employee experience may help you retain personnel and recruit outstanding applicants. Once you’ve offered a world-class onboarding experience, request that your recruits submit a preliminary evaluation on Glassdoor. Also, include new workers in your employee recommendation program so that they may readily propose exceptional people from their networks. Employee recommendations are recognized as faster and less costly to employ, onboard faster, and remain longer, making them an essential source of prospects.
5. Improved business culture
Alluring and retaining talent is not enough; you must also attract and keep the proper talent. So, for example, someone who is a good match for Amazon’s high-standards culture is unlikely to be a good fit for Zappo’s wacky culture. Creating a strong, deliberate corporate culture and communicating it throughout the recruiting and onboarding processes may help you attract and retain the appropriate employees.
Sixty-nine percent of organizations that spend on employee onboarding tool indicate that employees are more easily integrated into the corporate culture. Share information about your company’s goal, vision, and values with employees early and often throughout their careers. Onboarding materials and all-hands meetings, for example, may be used to showcase employee tales and corporate accomplishments that reinforce your values and promote cultural alignment.
A smart employee onboarding process entails more than just printing paperwork and putting up a PowerPoint slide detailing corporate processes—but it pays dividends. There are several advantages to onboarding staff strategically. Some, such as increased productivity, impact your bottom line. Others, like increased retention, can significantly influence your bottom line. Finally, consider your onboarding program a work in progress, including new ideas and gathering feedback to improve. Over time, you’ll undoubtedly discover more advantages to properly onboarding staff.