Is your hiring and onboarding process costing you unnecessarily? Nearly one-third of people look for jobs within six months of employment. Almost one-third of externally hired executives miss expectations in the first two years. And, with 10-15% annual attrition, companies lose about 60% of their entire talent base within four years.
Introducing an onboarding program in to your hiring process can mean the difference between retaining top employees or watching them walk out the door after several months. Companies that implement an effective onboarding program during the first three months of the new hire employment experience will have 31% less turnover than those who don’t according to the Aberdeen Group.
Onboarding is important because it introduces the employee to the company’s culture and expectations and gives the employee the vital training and information they need to succeed in their new position. Robust onboarding programs help your talent get up to speed faster and deter them from leaving for greener pastures. A new hire’s compatibility or culture fit will likely also be determined during the onboarding process. This can save the employer from a prolonged investment into the wrong person.
A strategic onboarding plan can dramatically impact your business. Investing in an onboarding process will help reduce turnover and increase new hire effectiveness. An onboarding program isn’t just a routine checklist. It should be a comprehensive process that makes the new employee as well as the company confident that they made the right choice and that they can succeed in their new job.
Remember, you never get a second chance to make a good first impression. Onboarding isn’t just about facts; it’s about feeling, too. Effective onboarding programs provide an experience that helps new hires and leaders affirm that they made the right career move. In this session expert speaker Marcia Zidle will discuss what you need to know to ensure that your organization is building a stable and committed productive workforce from the start.
With this session, you will learn:
Who Should Attend
Marcia Zidle is a board certified executive coach, business management consultant and keynote speaker, who works with companies to leverage their leadership and human capital assets.
She has 25 years of management, business consulting and international experience in a variety of industries including health care, financial services, oil and gas, manufacturing, insurance, pharmaceuticals, hospitality, government and nonprofits.