Onboarding New Hires Well in Small Business
Take a look at these numbers about the importance of onboarding:
88% of companies don’t onboard well
Great employee onboarding can increase retention by 82% and can increase productivity by 70%
70% of team members who had exceptional onboarding experiences say they have "The Best Possible Job"
25% of new hires say they are unlikely to recommend their new employer after their onboarding experience (stats from Sapling HR and Gallup)
When I say "Onboarding" - Do you think of these items:
Completing new hire paperwork to get on the payroll
Showing the new hire to their desk and getting them their computer
If so, you have a problem!
Don't believe us still? Here are two real examples from our clients handling onboarding in very different ways:
Company 1 - CEO said this about their onboarding - “I want the onboarding to be so good that the new hires are willing to run through a wall for our company”
Company 2 - CEO was so busy running the company that there was no onboarding, and the new hire that had been hired 2 weeks before quit due to lack of organization, zero attention, and no direction.
You probably aren’t either one of these extremes, but please pay attention to your onboarding process.
You need to inspire, connect, share the vision, and of course handle the paperwork to make your new hire LOVE your company. That should be the goal.
The formula is pretty easy. You can do it yourself or we would love to help. However, you need to make sure that having an excellent onboarding experience is a priority for this quarter!
Because if it takes this much money and time to hire someone, you need to retain them and benefit from their productivity!
Weekly Tiny Sales Pitch: The HR Audit
When it comes to HR, do you feel like you have processes in place to ensure you are compliant with State and Federal regulations, retaining your best employees, and hiring with efficiency? If you are skeptical on any of those, the HR Audit is a perfect HR discovery tool for your small business. Here is more information if you are interested: