Onboarding begins engagement before day one and contributes 20% to overall engagement levels. People who experience a well-designed experience in their onboarding, supported by a structured consistent process are 69% more likely to remain with their organization after three years. Given that replacement costs and related inefficiencies can cost 150% of the salary of an individual, the reasons to fully leverage onboarding are clear. With over 4000 new hires each year, The McGraw-Hill Companies transformed an inconsistent and decentralized new hire experience into a unified acclimation to the company, that has new employees talking positively about their experience and provides both the new hire, and their manager with the tools they need for success.
Don’t miss these webcast take aways:
Pace the onboarding focus over 90 days to deliver the welcome, accelerate assimilation, learning and engagement.
Incorporate peer advisors, manager checklists and automated communication.
Benchmark your onboarding progress, and track it with engagement and retention.