Hiring managers and new team members want flexibility, technology and support
Mike Bearup //May 16, 2017//
Hiring managers and new team members want flexibility, technology and support
Mike Bearup //May 16, 2017//
An employee's decision to stay with a company is usually made within the first few months on the job. It's an emotional time, as he or she has just left the comfort of one situation and is entering another that can be fraught with uncertainty, potential self-doubt and new challenges. Not to mention a possible counter-offer.
Since you've just gone through all the effort of identifying and presumably hiring the right person, don't you want to do everything possible to ensure they stay?
If so, you'll want to provide new employees with a positive onboarding experience.
Industry statistics show that more than 80 percent of all new hires decide whether or not to stay at a new company within the first six months of joining, according to a recent KPMG LLP white paper. More than half – 58 percent – of new hires who go through an effective, enjoyable and pleasant onboarding process are likely to still be at the company three years on the job.
The onboarding process is particularly important in a city like Denver, where the unemployment rate is at 2.7 percent. This is why finding the right employees and engaging them from the outset it critical.
The onboarding experience should be much more than making sure the right forms are completed by new employees on day 1. It presents a prime opportunity to engage, build and nourish a successful employee-company relationship with your company.
From an employee's view, onboarding offers the chance to become a vital and engaged member of the corporate community. From an employer's perspective, it's a chance to build a strong new relationship that can bring significant returns on investment.
To that end, KPMG has identified five onboarding realties that should be taken into consideration to create a successful onboarding experience.
FINDING THE RIGHT SOLUTION
Various technology solutions exist in today's environments to help standardize, streamline, track and coordinate every step of the process. It's a matter of finding the right tool to fit your custom needs.
It's also worth noting that employees, HR and hiring managers today want flexibility, technology, support and encouragement along the way. The right onboarding process can help meet those needs by providing a single centralized system that spans company functions, enables socialization and unites technology with human connection. And it can pay off in keeping the right employees after you've hired them.