Large FTSE 100 companies will often have well established onboarding programmes (with differing degrees of success) designed to help new employees integrate into their new environment and become productive quicker

There is no reason why every company should not have an onboarding programme in place (it hasn’t got to be complicated, the best ones are well thought out and simple!)

4 Reasons why every company should have an onboarding programme:

• Recent study by Booz Allen Hamilton suggested that 90% of employees will decide within the first 6 months if they are going to stay with a new employer. Most make that decision within the first couple of weeks
• Another study shows that an effective onboarding programme can increase staff retention by 31%. The real cost of replacing staff can be 150% for mid level staff rising to as high as 400% for executive level or highly specialised technical staff
• Time to productivity can be increased by as much as 2 months for those employees who have received onboarding to those that haven’t. This is specifically true when dealing with technical IT staff where it is difficult to find specific and specialist technical expertise
• New staff who go through onboarding programmes feel part of “the family” quicker. They feel happier in their role, are more productive and able to provide a better quality of service quicker

In summary every company should have an onboarding programme! Why? Simple, it improves profit and it improves productivity.

Written by Richard Morgan, Remit Resources

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