Have you ever started a new job and felt completely lost on the first day?
Candidate onboarding starts before the first day of the new hire’s job and, it begins to have an effect on the employer’s bottom line from that moment.
A strong program for candidate onboarding can boost the bottom line more than you realize.
From a new hire’s perspective, onboarding includes everything a new hire experiences that defines his or her entry into an organization and that sets him or her up for success.
An effective onboarding enables new hires to embrace the organization’s culture, history, job requirement, performance expectation, etc.
Here what you must fathom about the benefits of a good onboarding:
1) Attract and Retain Top Talent:
The first impression counts!
With an easy and robust onboarding plan, potential talent can be attracted and retained for a longer period.
A study by O.C.Tanner found that 69% of candidates were more likely to stay with an organization for atleast three years if they had a great onboarding experience.
With an effective onboarding program, a robust foundation for an incredible work culture can be built, and use that to draw in and retain high talent.
2) Boost Performance:
When a candidate perceives their expectation from the day he was offered the position, they perform better.
Effective onboarding programs can improve employee performance by 11.5%, according to Recruiting Roundtable. Pushing the candidates to meet new performance goals is one way to make them feel engaged.
During onboarding, have new hires interact with the team member and hear from them directly about key organizational initiatives and goals. It will consequently help them to gear up for their upcoming performance soon.
3) Better Candidate Engagement:
Being face-to-face with the candidates demands attentive listening and feedback, resulting in a more candidate engagement.
Research has shown that candidate engagement is one of the top factors that contribute to the candidate joining ratio.
Engaging and follow up with the candidates, accelerate the acceptance and cut back the gap between offer date and joining date.
4) Decrease Turnover Rate :
22% of candidates turnover occurs within the first 45 days of the offer. However, if the new hires participate in a tailored onboarding process, 66% of them are likely to remain with an organization for more than 3 years.
Gamification is a popular new trend striking recruitment industry and can be very effective in keeping the new hires engaged throughout their onboarding.
Implementing an onboarding program goes a long way towards ensuring a better talent fit right from the start.
5) Encourage Open Communication:
An effective onboarding program can provide the structure and setting for new hires to get answers to questions about their new workplace without the pressure.
Sharing the information about the organization in a common platform where candidates can easily access, allow them to see exactly what it’s like to walk through the office.
It has conjointly an excellent impact on the candidate’s initial interest and engagement in the organization.
Related: The Art Of Onboarding.
“Strategic onboarding not only reduces operating costs and helps new hires improve their personal contribution to the enterprise, it also reduces regrettable attrition, and helps the organization deliver against its strategic goals.”
– Mark Stein, Author of ‘Successful Onboarding’
(Excerpt Source Link: http://bit.ly/2xiEPOZ )
Get started now and grow and refine your program over time. Just as onboarding is a continuous process, so is creating planned onboarding program.
An onboarding program that is executed effectively is worth the investment and can be one of the biggest contribution made towards the long-term success of an organization.
For a seamless onboarding for your new hires embrace HirePro’s effective onboarding tool M-Brace. Click here to know more: http://bit.ly/2xMrgqS