It seems like a perfect time to revisit the topic of employee onboarding process and reflect on their experience in your company so far. Another reason that Faro decides to bring up this topic is that there is a number of letters appearing in our e-mail which almost talk about the situation of poor onboarding process in many businesses' customers now. Following are the main benefits of an effective onboarding program.
1. Shorten the learning curve:
Companies which provide on-the-job training give new hires a life jacket to stay afloat. Training provides clear knowledge of the organizational hierarchy, reporting structure of the company, the ins and outs of the organization’s culture and workflow, knowledge of his team members, seniors, mentors. It's impossible when you expect that giving employees a manual on the first day means they could jump on work the following day. Some research points out that without on – the – job training, rookies can't become fully productive in their new roles for 6 months.
Thus, training them well leads to the fact that they will feel comfortable in their jobs sooner and get up to speed easier.
2. Provide valuable feedback:
While onboarding is a learning process, review and playback play a critical role as motivators. An effective employee onboarding program provides new hires a place of freedom to work and understand the work environment better where they can find the answer to questions as well as have a voice whenever they see something wrong. An effective process provides open communication where rookies could share their opinions and receive the feedback, which fosters the kind of environment for the new employees to thrive in and give a chance for employers to create a better onboarding program.
3. Increase retention rate
Employees who leave your company not only affect your company's culture and reputation but also have a negative impact on costs. A study reveals that hiring a new employee can cost a company up to 40% of an annual salary. A good onboarding process greatly cultivates strong workplace relationships, increase motivation also reduce attrition, turnover of employees. This involves arming new hires with all the information, equipment, accelerate the pathway to growth and productivity of the organization. and support they need to help them succeed Once new hires are immersed in the company culture, they will stick around for a considerable time and thus, this helps your company keep the retention of the top talents at high.
4. Promote better company culture:
According to Faro's research, one of the important things employees like about their jobs are the people they work with. The new person at work, especially the introvert rookie finds it difficult when approaching a stranger and ask them a question about work, which makes them isolated. An effective onboarding process provides new hires with a strong support network who guide new employees and keep them afloat through the ramping-up process.
There are many more benefits of onboarding that we won’t go into now but we would love to see your comments about it. Contact Faro to receive the best HR services.