Having a good onboarding process has been shown to increase employee retention by 25% (SmartHRInc). Yet it has been shown that 22% of new hires leave their new company within 45 days.
This shows that onboarding is clearly a process that must continue beyond day one. The first three months are critical in keeping hold of talent.
Integrating the new employee during this day two to three month timeframe is essential. Failure to do so means starting the expensive process of hiring all over again. Having people leave so early on is also not great for your brand. There are many steps you can take to keep the new employee engaged during this key period. These include:
- Make sure the new hire has some real work to do.
- Set up checkpoints to review how the process has been going.
- Create objectives for the new employee.
At the McQuaig Psychometric System, we have an onboarding eBook to help get employee retention right in this critical window. Included in our assessment reports is the Team Approach Report which helps managers know how their new hire will best work with other team members. This allows new employees to work more effectively with their team mates, building relationships that help to immerse them into the business.