Reducing Turnover: Developing a Training Program for New Employees
Reducing turnover is key to many successful companies. Developing a training program for new employees is important, however, employee onboarding is a critical process that can have a significant impact on a company's turnover rate and employee retention. When done properly, onboarding can help new employees feel welcome, informed, and prepared to succeed in their new roles. In contrast, a poor employee onboarding experience can leave new hires feeling confused, unsupported, and disengaged, which can ultimately lead to turnover.
Research has shown that effective onboarding programs can help reduce turnover rates by up to 50%. This is because onboarding helps new employees feel more connected to their company and colleagues, understand their roles and responsibilities, and have a clear idea of what is expected of them, which sets the foundation for their success when they first join the company.
By providing new hires with the tools and resources they need to succeed, companies can increase employee satisfaction and engagement, which can in turn lead to higher retention rates.