The proper onboarding of new employees has far reaching implications for any organization. Knowing just what to do and how to do it well, however, can be a challenge for any HR manager or workforce management professional.
Exactly what your onboarding process should look like is going to be determined primarily by your business model, your industry, the size of your organization and - to a significant degree - by your company's culture.
It's been shown that the quality and depth of the new hire onboarding process directly impacts both employee loyalty and performance. What this means for businesses is higher employee retention rates along with lower acquisition costs, and a higher ROI from employee productivity.
An article from the HR professional society SHRM.org points out that,
"Beyond the short-term issues related to employees’ initial adjustments, many long-term outcomes of onboarding affect a firm’s bottom line. When surveyed, organizations perceive effective onboarding as improving retention rates, time to productivity and overall customer satisfaction."
For employees, long-term outcomes of good onboarding include job satisfaction and organizational commitment. In fact, when new employee onboarding is done correctly, it can lead to greater job satisfaction, lower turnover, higher performance levels, and lowered stress.
Seven Top Best Practices for Onboarding
There are a number of considerations that involved with the process of onboarding a new hire and many of these will vary depending on the business. However, there are a handful of best practices that apply to every business when it comes to successful onboarding:
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Structure and Consistency Are Essential
Having a documented structure and being consistent with it's execution is vital for the success of any process in your business. And it is especially true for your onboarding process.
One of the biggest problems with many businesses is that they only provide a minimal amount of time and resources to their new employee onboarding. Yet, many of these companies are fond of saying that employees are their "most valuable resources."
Undoubtedly, your organization believes this to be true. Consequently, your employees should be invested in from the very beginning with structured time, attention, and guidance.
Unfortunately, larger organizations are more likely the value of this process may be overlooked. According to a Gallup report,
"The larger an organization, the greater the chance of inconsistency and misalignment. Managers may be responsible for more employees than they can support effectively. Workers may feel like just another number with no understanding of how their role connects to the company's vision or strategies."
In small companies, people are more likely to know each other and the leaders of the organization -- they know how all the pieces fit together and understand the value of their role. But, with a comprehensive and documented new hire onboarding process, this oversight can be eliminated, despite the size of your company.
Your Workforce Management Partner
In addition to a growing and demanding role in recruiting, hiring, and continually training employees, the HR staff is responsible for other functions such as payroll management, tax filings, employee records compliance, and so forth.
Considering alternatives such as outsourcing is increasingly becoming a cost-effective and strategic option. Accuchex can help you in managing your HR needs, payroll processes, and staying on top of compliance demands. Get your Free Download: Payroll Outsourcing Guide to help you make an informed decision or call Accuchex Payroll Management Services at 877-422-2824.