Companies spend enormous resources to hire the best candidates. These resources include time to screen, interview, and test candidates. Once an offer is made, then add the costs of background and drug testing and possibly post-offer physicals. With all this expense in dollars and time, one study found that as high as 40% of employees don’t make it past their first year. Good recruitment and hiring practices can be quickly undone by poorly executed new employee onboarding. With the increase in remote work, this challenge to ensure effective onboarding becomes even more apparent.
Effective onboarding is crucial to employee engagement, productivity, and retention. The first six months are critical for employee retention. According to a Gallup study, only 12% of employees feel their company does a good job with employee onboarding.
Best practices onboarding begins before the new hire’s first day. It includes creating a plan to make the employees feel welcome, quickly integrating them into the organization, and providing them with the tools to be successful. This webinar gives you the key components of a cost-effective onboarding plan that will increase retention and productivity.
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