by Dan Finnigan
We hear all the time that onboarding has a huge impact on employee retention. In fact, research shows that employees who participate in strong onboarding programs are 69% more likely to stay with a company up to three years. And that’s an important statistic–particularly in this day and age, when frequent job hopping is the norm among young, talented professionals.
But onboarding isn’t just about preventing turnover. It’s about jumpstarting productivity. Why? Because if you’ve only got four years with someone, you want them as productive for the company as possible, as quickly as possible, for as long as possible. That’s why you invest in hiring them. Yet astoundingly, in one recent report, a full 30% of companies said new employees often took a year or longer to become fully productive. That could be a quarter of their entire tenure spent getting up to speed! The reality is that most employees can become completely productive far sooner if they are put on the right track in the first 30 days on the job, and it’s your responsibility to make sure that happens.