Having a great onboarding process is one way to make sure that your new employees are equipped and ready to start their new working journey with you. It is the perfect opportunity to provide them with the knowledge, tools, and information they need to quickly reach productivity and feel like an insider within the company.
Aside from these, there are many other benefits of onboarding your new employees in an official manner. You can improve retention, create a great company culture, and can engage employees early on.
5 Benefits Of Onboarding Your Top Talent Officially Into The Business
1. Create A Strong Company Culture
A good onboarding process serves two main purposes. It’s to welcome employees and to help them get familiar with the business processes. Therefore, one of the major benefits of onboarding is that it lets your new employees know that they are joining an inclusive and welcoming work environment that is actively invested in seeing to their success. In fact, top talent actively seeks out companies that focus on this part of the initiation phase.
2. Decrease Turnover and Increase Employee Retention
A study done by the Aberdeen Group of senior executives and HR staffing and recruiting functions found that 86% of participants thought that a new employee’s decision to remain with a company for a long time is usually made within the first six months that they have been employed.
In other words, making a great, lasting first impression is important if you want to retain your employees and decrease your turnover. 23% of the respondents of the study also said that if they had received clear and stringent guidelines as to what their roles and responsibilities were, they would probably stay at the job.
It is important to have a clear and concise onboarding process so that you prevent new employees from feeling like they need to consider other options. In those early days, they may not be fully invested in the business. Having a good onboarding process shows them that the company puts value on concise and precise communication at every stage.
3. You Can Engage Employees Early On
An engaged employee is happier in the workplace and experiences greater satisfaction. If you send your newest members of the workforce through an informative and enjoyable onboarding program that empowers them to do their job, they, in turn, will feel engaged and ready to take on the challenge.
According to Gallup, engaged employees outperform their unengaged peers. They feel connected to the business and drive innovation in it. Their stats show that companies which have highly engaged employees are 21% more profitable. They also found that a workplace which focuses on engagement is one that improves employee morale.
Having a good onboarding process can cultivate employee engagement early on, making the workplace a space that has high productivity and high morale.
4. Lowered Time To Productivity
Another benefit of onboarding is the fact that employee engagement in the workplace can greatly ramp up productivity and the time it takes to get there.
Instead of being left to figure things out, the right onboarding process can decrease the time that it takes for your newest members to become contributing members of the business. And as the age-old saying goes, time is money. Working optimally in a shorter amount of time benefits the business' bottom line.
5. Good For Brand Perception
When you create a safe and welcoming space for your new recruits to settle in, they don't forget it. They talk about it to their friends and family, painting a positive image for your brand. They will speak of it as a great place to work, and possibly end up connecting you with referrals who are known to be prized sources of new hires for the business.
While these are the top five benefits of implementing a good onboarding process into your general business practices, there are many more. On the whole, the process should focus on imparting as much knowledge about the workspace and work processes as possible without overwhelming your new employees.
Other than the benefits that a good onboarding process can have to your company, it is also important to think about the kind of environment you are trying to cultivate for your workforce. Try to put yourself into their shoes and create a space where they can thrive.