Do you have a formal employee onboarding program? When’s the last time you updated your program?
We’re spending a lot of money to find and hire the right people. Anywhere from $4,000 to $18,000 per hire, studies suggest. But 35 percent of companies spend $0 on onboarding, according to one study. No wonder we have problems with turnover and employee engagement.
Think back over the past year. Have you hired anyone who seemed like a great fit, and looked eager to jump in and contribute, only to see them fail or leave within a year? It could be your onboarding and now there’s a new guide that can help.
We’ve just released The Ultimate Guide to Employee Onboarding, a handbook to help HR and business leaders adopt best practices for integrating new hires into their workplace. We hope this guide will help companies of all sizes make some simple changes that can make a big difference.
The process of integrating a new hire into a company has multiple stages and lasts for up to, and sometimes beyond, 12 months. The Ultimate Guide to Employee Onboarding breaks the process up into four key stages:
In each section it provides:
The impact of a new executive hire or promotion on a company is huge. Yet, 40 percent of new leaders fail within the first 18 months. The guide includes a special section on executive onboarding that looks at why these leaders fail and provides tips and best practices to help ensure success in their new role.
The guide is free and you can get it here.
Do you have a formal employee onboarding program?
Photo courtesy of Flickr CC and alborzshawn
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