An effective employee onboarding program ensures that new hires feel welcome and prepared in their new positions, in turn giving them the confidence and resources to make an impact within the organization.
In fact, new employees who go through a structured onboarding program are 58% more likely to be with the organization after three years.
Employee onboarding contributes to minimized employee turnover, but that's not the only reason businesses conduct these programs. Employee onboarding also reduces costs associated with on-the-job learning and saves supervisors time training the new employee (increasing productivity of the business).
What is an Employee Onboarding Program?
Employee onboarding programs can take many forms. Essentially, an onboarding program is a formalized way that employees acquire the necessary knowledge, skills, and behaviors to become effective at their jobs.
Onboarding activities may include formal meetings, presentations, videos, printed materials, computer-based orientations, and social or team-building activities.
Companies of all shapes and sizes use onboarding programs to retain new employees and gain a competitive advantage in an increasingly mobile and globalized workforce.
5 Small Biz Tips for Employee Onboarding
We recently outlined tips for small business onboarding programs. Those tips include:
#1) Engage Quickly to Reach Proficiency Faster
#2) Have Some Fun
#3) Build a Leader-Employee Relationship
#4) Make it a Game
#5) Have the Employee's Workstation Set Up
Read more tips for onboarding in the Small Business Owner's Guide to Hiring.
Photo credit: Hubspot