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.
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Reducing Turnover
Employee Onboarding — an Employee Perspective
Employee onboarding is the process of integrating new hires into your organization. Onboarding goes beyond orientation—which typically only covers policies, procedures, and resources.
Onboarding also ensures that new employees establish relationships with their team members, clearly understand roles and expectations, and integrate with your organization’s goals and culture. It’s also different from training and development, which focuses on providing new hires with the knowledge and skills necessary to perform tasks. Successful onboarding often lasts several months to a year after an employee’s first day.
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How the Physical Workspace Impacts the Employee Experience
Much of the employee experience—the perceptions your workers have for the duration of their employment with you—concerns the physical space they interact with throughout the workday. Research has shown that physical spaces influence employee satisfaction, so it’s not a surprise that organizations that want to attract and retain talent also invest in designing workspaces that employees want to work in.
This is of course complicated by the fact that many employees now work from home or balance hybrid work environments. Some employers are rethinking workspace design to entice workers back into the office, complementing home offices with spaces that prioritize social interaction. Employers that want to encourage in-office work may find themselves competing with the amenities and comforts of a home office.
Are you considering how to engage workers through their work environment? Here's how the physical workspace impacts the employee experience.
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The Essential Components of an Employee Onboarding Strategy
A 2022 survey by Employ found that one in every three new employees now quits in the first 90 days. Over time, high turnover can cost your organization tens if not hundreds of thousands of dollars in administrative resources, recruiting efforts, and lost productivity.
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How to Build an Employee Onboarding Strategy that Reduces Turnover
If you’re an employer filling a job vacancy, you probably spend a lot of time and resources dedicated to hiring, orienting, and training new employees. But even with this effort, you might end up in the same position as many other employers: after only a few months, the employee quits. Why?
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Our most popular FREE training tools from Q2, 2022
Training departments everywhere are working at full speed to deliver engaging training and development programs to upskill their workforce.
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6 Ways to Improve Onboarding with a Cloud-Based LMS
With current challenges including, an increase in remote workers and high employee turnover, employee onboarding is more critical than ever. Providing training to these new employees when and where they need can be a competitive advantage. A cloud-based learning management system (LMS) is a learning management system that is hosted remotely. This takes away the need for companies to set up and maintain their servers that are then accessed by employees. You can use a third-party service that's maintained remotely for you.
The rise of cloud-based LMS tools has made it possible for businesses to improve the way they train their employees. You can now get an effective solution that can host your learning programs.
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TIPS FROM THE CORPORATE TRAINING EXPERTS
New employees who experience strong onboarding are 69% more likely to remain at a company for up to three years.
Poor employee onboarding can lead to the loss of 60% a company’s entire workforce over 4 years.
Onboarding programs can increase employee performance by up to 11%.
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ONBOARDING BEST PRACTICES FROM A TOP TRAINING COMPANY
Onboarding Best Practices: How to Decrease Your Employee Onboarding Time
When new hires show up at your company on their first day, eager to get started in their new position, how are they greeted? Do they spend most of the day doing paperwork, waiting for their computers and cellphones to be set up, given documents to read while their managers are busy in meetings? Or do you have a formal employee onboarding program that makes them feel welcome and reinforces the decision to join your company?
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Why Effective Employee Onboarding Is Critical
Think back to your first day at your current job. How was it? Did you get a formal introduction to the team? Were your work station, technology and passwords all set up and awaiting your arrival? Did you know where the closest bathroom to your desk was located? How about the great places to grab a bite at lunch or a cocktail after work?
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