Employee Onboarding is the process of integrating a new employee into the organisation. It involves a range of activities such as orientation, training, and paperwork, aimed at helping the new hire become a productive member of the team.
After hiring a new Sales Representative, you schedule a week-long onboarding programme. This includes a company orientation, training sessions on your products and sales techniques, and introductions to key team members.
What is an Onboarding Process?
An onboarding process is a structured methodology for integrating new hires into an organisation. It transcends mere administrative tasks, aiming to accelerate productivity and foster a sense of belonging. The process acquaints new employees with the company's culture, operational norms, and expectations, setting the stage for their long-term success.
The Importance of a Structured Onboarding Process
Enhancing Retention Rates
First impressions are pivotal, particularly in a competitive job market. A well-executed onboarding process can significantly improve both short-term and long-term retention. Research indicates that employees are 58% more likely to remain with a company for three years if they experience a structured onboarding process.
Boosting Employee Engagement
A well-thought-out onboarding process that aligns with the company's culture and values can lead to higher levels of employee engagement. Companies with structured onboarding report a 54% increase in employee engagement.
Fostering Inclusivity and Wellbeing
Inclusive onboarding is crucial for building a diverse and welcoming work environment. It positively impacts the employer brand and contributes to employee wellbeing. 69% of HR professionals believe that inclusive onboarding practices enhance the company's brand and employee wellness.
Impact on Performance and Business Outcomes
Effective onboarding shortens the time it takes for a new hire to become productive. A structured approach to knowledge sharing and skill development can significantly impact the employee's lifetime value to the company.