Companies usually overlook the importance of an employee onboarding program. In fact, 88% of organizations don’t have a good onboarding process. Without a structured onboarding system, the company and the new employees will both suffer.
New hires are often left confused and stressed, coping up with their teams. In the end, they will look for other jobs. On the part of the company, employee turnover will cause productivity loss and additional expenses by going through another hiring process.
Employee onboarding, therefore, helps new hires speed up their productivity, but it also helps in the company’s overall performance.
- Employee onboarding is the process of assimilating a new employee into a company or organization.
- Organizations with a reliable onboarding process increase new hire retention by 82% and productivity by over 70%.
- Great onboarding makes 69% of employees stay with a company for three years.
- LMS-based remote onboarding provides new employees with materials like company manuals, organization charts, and other orientation materials in an easy and accessible format.
What is employee onboarding?
Employee onboarding is the process of assimilating a new employee into a company or organization. This strategy helps new hires become familiar with the company, as well as the tools and information needed to become a productive part of the team. Onboarding also lets the new hire feel comfortable with their new working environment.
Onboarding is different from orientation. While orientation typically lasts for a day, onboarding can take months or years after hiring. Other companies start the process even before an employee begins working.
However, HCI states that most organizations conduct onboarding during the first week only. This short time is not enough, and it usually leaves new hires feeling confused, depressed, and lacking resources.
What is the importance of employee onboarding?
Onboarding increases employee retention
Employee onboarding reduces the chance of employees leaving the company. Retaining good employees rather than going through the hiring process again can save money. Research by Glassdoor found that organizations with a reliable onboarding process increase new hire retention by 82% and productivity by over 70%.
It’s essential to retain new hires from Day 1. A good employee onboarding process can help new workers adjust to the role expectations and be productive sooner.
Retaining employees after hiring them is vital to the company’s productivity. When an employee quits, the company needs to go through the hiring process again, which can affect the company’s productivity.
Here are some noteworthy facts about retaining employees through an onboarding system.
- Companies that invest in effective onboarding procedures save money by retaining 50% new hires than they would otherwise. (Urban Bound)
- Great onboarding makes 69% of employees stay with a company for three years. (Octanner)
- New hires who went through an excellent onboarding program were 58 percent more likely to be with the organization after three years. (Contract Recruiter)
- Companies with a regular onboarding process experience 50 percent greater new-hire productivity. (HRM)
Onboarding increases employee productivity
The onboarding process allows the new hires to know what the company expects from them precisely. Employee onboarding is also an opportunity for the company to present expectations, clarify doubts, and answer questions from the new hires.
The process provides new hires with relevant tools and information to perform productively. Onboarding will also help minimize future problems.
Onboarding cultivates teamwork
Managers can take several appropriate steps during the onboarding process to cultivate robust, lasting connections with employees. Beyond helping new hires feel acclimated to the workplace, effective onboarding uses the human element to connect employees—new and old—on an emotional, personal level. The process is a crucial way for managers to develop team members, pass along the organization’s vision and mission, and plant the seeds for future leaders.
Why use Remote Onboarding?
Managers and executives are always busy with other equally important jobs. That’s why they often overlook training and welcoming new employees, who are left confused and struggling, keeping up with their duties and responsibilities.
However, managers can still go on with their regular duties without having to worry about employee onboarding. The secret to that is providing new hires with LMS-based remote onboarding.
- It is cost-effective. You can re-use it any time, and since it’s online, it’s always available for your employees.
- It is flexible. LMS-based remote onboarding provides new employees with materials like company manuals, organization charts, and other orientation materials in an easy and accessible format.
Tips for Remote Onboarding
- Start the onboarding program even before Day 1. Give clear expectations even during the hiring process or before employees start Day 1.
- Get them online ASAP. Ask them to create accounts in the company’s online communication tools.
- Start small. Use the 30-60-90 rule. Develop a plan for the new employee’s 30, 60, and 90 days. For the first couple of weeks, assign new employees small projects.
- Encourage collaborative learning in the workplace by assigning mentors or coaches for new hires, especially during their first week or month. Help them identify their remote buddies and get acquainted with each other. You can still initiate some remote-based ceremonies for teams to spend time together outside the workplace.
- Provide an electronic employee handbook. New employees need to know everything about the company – its vision, mission, cultures, and standard operating procedures.
- Give timely and appropriate feedback. Giving feedback to your new hires guides them to live up to the company’s expectations. However, when giving negative feedback, you should exercise constructive communication. This way, new employees will not take it negatively and doubt their contribution to the company.
Onboarding can be a crucial stage in creating and managing a productive workforce. It helps new employees get acquainted with your company’s culture, procedures, and expectations. It does not only benefit new hires but the company as well.
For busy managers, LMS-based remote onboarding can help in providing a systematic employee onboarding for your newbies. In Elearn2grow, we have a team of digital professionals who can turn your onboarding program into an exciting and engaging one.