Many organizations steer their focus towards reducing turnover. However, they fail to realize the importance of onboarding. The connection between employee retention and onboarding is not always evident. Research shows that an employee’s first day is the key factor that determines whether or not they will stay with the company.
Every employee remembers their first day on the job, which is why it is very important to focus on the onboarding process. A strong onboarding process not only helps with employee retention and turnover but also alleviates administrative pressures on hiring managers.
Onboarding For Retention
When hiring new employees, you must make sure to provide them with clear expectations around their specific roles. These expectations happen to be one of the most important, yet least common elements of an effective onboarding process. An effective onboarding process can increase employee retention by 82%.
Having a comprehensive system of expectations allows HR managers, recruiters, and new employees an agreed-upon and predictive course of action. To obtain this type of consistency, managers need to align the list of expectations they have from every new hire.
Optimizing Onboarding
Throughout the onboarding process, communication is vital. Having a predetermined system helps expedite the process. The average new hire onboarding experience alone can consist of 54 different activities. A growing business can’t afford to take on all that administrative work.
Partnering with a PEO allows for a smooth onboarding process. Having a cloud-based human resources information system (HRIS) in place allows businesses to have a predetermined plan to attract, hire, onboard, and manage employees. Electronic onboarding is a digitized process for onboarding new employees. The new hires can simply log in from wherever and fill out all the information needed in order to get them enrolled in your system. This process puts the information into the hands of the person who knows it best, the employees themselves. When onboarding an employee by hand, it can simply leave a business open to human error when it comes to compliance. Onboarding electronically helps make the process easier and more accurate for employers and employees.
Final Thoughts
GMS provides paperless onboarding, benefits enrollment, payroll, and training to support each employee up for success. Having a smooth onboarding process supports not only the employee, but your business. By implementing a process like this, you can ensure the employee’s long-term success while removing numerous administrative burdens.
Learn more about how you can streamline your onboarding process.