Efficient Onboarding Major Factor For Successful Retention
A new study on workforce productivity by Deloitte says onboarding — how employees are hired and oriented into a new job — is a major factor in differentiating strong corporate cultures and accelerating profitability in today’s workplace.
4% of new employees leave a job on the first day if the onboarding process is a failure and 22% of employee turnover occurs in the first 45 days of employment.
The investment in creating a successful process for onboarding is much more cost efficient than losing an employee. According to Deloitte turnover in the first year costs at least three times that employee’s salary.
79% of business leaders consider onboarding to be a crucial priority.
Contact Shaker Recruitment Advertising & Communications for assistance in building an onboarding program at your company.