At this point, the number 1 question has to be about getting buy-in from senior leadership. One way is to quote those in authority who have done reports on this such as the Boston Consulting Group Report. They suggest that onboarding is the leading driver for revenue followed by solid recruiting practices. That statement gets or should get attention.
Following that is a highlight on the cost of tunover when employees are not onbaorded the right way. There are some estimates that the cost of losing a position is 6-9 months of that former employee's salary. Add to that the cost of the hiring process and the price tag on turnover just became rather hefty.
With 21% of Millenials switching jobs last year, we have a new workforce generation in a state of flux. This makes onboarding important.
Onboarding: Also know as organizational socialization, is the process of introducing your new employees to the expectations, skills, knowledge and culture of your company.
With 1 in 4 new hires leaving in 180 days, this has become expensive and time consuming. The time spent in making detailed and thoughtful onboarding processes more important than ever.
There are a few great examples of how that is done best and Appletree Answers has a really proven method. So looking for a model matters. You might want to have two styles to consider - informal and formal. Usually it is better to go with the formal option.
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