As we know, creating an engaged and productive workforce within an organization takes time. It involves a great deal of communication between leadership and employees, trust, technology to make communicating easier and more.
This process needs to be implemented at the very beginning… right during the employee onboarding process.
It’s crucial for businesses to implement a strong employee onboarding program because:
- 20 percent of employee turnover happens within the first 45 days of being hired
- 69 percent of employees are more likely to stay with a company for three years if they have a great onboarding experience
- The costs to replace an employee who left can cost 100 – 300 percent of the replaced employee’s salary
- Employers are at major risk for wasting time, resources and greater employee churn without a stable program implemented