You never get another chance to make a first impression. This holds true in regards to employee onboarding. It is a new hire’s introduction into the business and the experience has a significant effect on employee retention. That’s the reason why it’s rare to see employees. Research by Future Workplace discovered that 91 percent of Millennials hope to stay in a project for less than 3 years. Companies lose 25 percent of employees over the year, based on SHRM, but nearly 70 percent of employees are more likely to stay with a company for 3 years if they experienced good onboarding.
Developing An Effective Employee Onboarding Process
We have to take more care to support employees as technology and business processes continue to change.
Clearly, powerful onboarding is essential for developing a workforce which sticks around. Thus, let us contemplate 6 reasons why you need to invest more in worker onboarding.
1. Employee Satisfaction
Providing relevant training material has a significant effect on employee satisfaction. But it would be tricky to ascertain what is relevant without doing some initial data gathering. Use focus groups and surveys to gather insights for your learning strategy. You may discover communication of expectations challenges with the training material, delivery methods, as well as significance to worker performance.
2. Reduced Turnover
Based on the 2019 Workforce Learning Report of LinkedIn, 94% of employees would stay at a company longer if it spent more . But, there a disconnect between what an employee is trained to do and what is expected of them. Employee expectations that are unmet are also cited by research as a motive for turnover. By communicating performance expectations and supporting skills development, effective onboarding can decrease turnover by making employees feel empowered and prepared.
3. Increased Performance
Training that attempts to be all-encompassing rarely fits the bill. Workers want training material that takes duties, skills, competencies, and distinct knowledge bases. Designing personalized training isn’t an easy endeavor. It requires performance mapping and careful analysis. Start with making a roadmap of skills, competencies, or knowledge. If you can ascertain how these factors bring about the desired performance objectives, then you are able to create personalized student pathways that offer learners.
4. Increased Knowledge Retention
Learners forget about 90% of training material they can apply it to work . Unfortunately, reinforcement and repetition are all. Don’t assume that employees will continue to apply their knowledge on the job. Plan for articles testimonials or reminders at regular intervals to retain information. Moreover, accessibility to content that articles will go a long way to boost content intake that is independent.
5. Obtaining New Talent
The Gallup Workforce Report discovered that when weighing job chances, millennials place the most weight in training . Thus, as your organization’s reputation for investing in their employees’ spreads, then your pool of possible hires will likely increase. This is very important when considering the life span of most skills. Companies have a constant need to bring in new employees with the skills to improve performance.
6. Keeping Pace With Changing Technology
As L&D departments become involved in training about transformation, onboarding development and proactive planning will become more important. A report from the World Economic Forum suggests that 54 percent of all employees will need to be retrained  at the subsequent 3 years due to the speed of technology and business process adoption. Then one motivation employee onboarding may become more of a constant education strategy in that respect. However, keeping up with new skills can be its own challenge. By the time students finish their education, the skills critical to their jobs have changed, and it is left to development efforts and worker training to get new hires up to date.
The eLearning market has witnessed some significant evolutions in training technologies. L&D teams are far more often using AI, chatbots, and immersive learning techniques and user interface design has finally begun to catch up using the experience of their favorite apps that are mobile. There is simply more training technologies out there to boost the employee encounter.
The Modern Workforce
We can not cover them all here, although there are certainly reasons to invest in worker onboarding. Luckilyour eBook Creating An Effective Employee Onboarding Processes In The Modern Workplace goes into data-driven strategies and more detail to support your training initiative.