Reduce turnover with a great onboarding process
New employees decide to stay or leave within the first three weeks, according to a study by the Wyndhurst Group. In fact, 22% of staff turnover occurs in the first 45 days of employment. However, if there is a structured onboarding process for employees, they’re 58% more likely to be with the organisation after three years. This is also in line with Silkroad’s findings that 53% of HR professionals say employee engagement increases when onboarding is improved.
In fact, it can sometimes take a year or longer for a new employee to reach full productivity. Engaging your employees throughout the employee experience is a job that should be ongoing.
Check out Peoplewave’s First 100 Days solution to help you create a strategic and structured onboarding process for your employees.