New hire churn is expensive. Working in HR, you know the cost of having to replace an employee once they hand in their resignation.
A recent survey found that 65% of workers are actively searching for new employment. If you’ve worked in HR for some time, the thought of two-thirds of your employees walking is very worrying. The cost of a new hire found through a recruitment agency can be up to $7500 or more. To start building employee retention early on, and prevent excessive hiring costs, it pays to focus on a perfect onboarding experience.
Here at Process Street, we’ve extensively studied onboarding to help prevent exorbitant costs. One of our greatest successes has been in looking at the recurring tasks involved in onboarding. We’ve helped to provide insight into what can go wrong, and also built templates to direct companies away from excessive spending and losses.
We believe you can create a perfect onboarding experience for new hires. We also think it can be done without breaking the bank. Please read on to find out more, and utilize our best onboarding templates:
- What makes a good onboarding experience?
- Why is a good onboarding experience important?
- Employee onboarding and retention
- When does employee onboarding start?
- How long should employee onboarding last?
- How to automate employee onboarding
- Employee onboarding for small businesses
- Ask for feedback to help improve employee onboarding