If you’ve ever joined a new company and been unsure how you fit in, you’ll know the benefits of employee onboarding. For managers, however, the gains are more quantifiable. They include:
- Better job performance
- Greater commitment to the organization
- Reduced stress
- Higher job satisfaction
- Better retention (and associated cost savings)
The cost of hiring a new employee averages around $65,000 and it takes are 5 months of full time employment to bring new hires up to full productivity. Failure to properly onboard a new hire will cost significant amounts of time and money.
A quality process, like the one outlined in this employee onboarding checklist, costs a fraction of the resources and aims to ramp an employee up to full productivity in under 90 days, depending on the complexity of the role.
So, let’s get underway with the process and run through this employee onboarding checklist with your new hire.