The Value of Successful On-Boarding

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By Compli

Employ­ee Turnover can be extreme­ly cost­ly in terms of both dol­lars and time. Our clients esti­mate that turnover can cost any­where from $5,000 to $15,000 per employ­ee. Add to that addi­tion­al costs, such as the loss of rev­enue, employ­ee morale and more and you are look­ing at some big num­bers.

There is a great oppor­tu­ni­ty in the ear­ly days and weeks after an employ­ee is hired to reduce turnover by con­sis­tent­ly set­ting expec­ta­tions and estab­lish­ing an envi­ron­ment that is wel­com­ing and pro­duc­tive for your new employ­ee.

Below are some tips to fol­low: 

• Treat employ­ee reten­tion as a com­pet­i­tive advan­tage.

• View find­ing and hir­ing the best can­di­date as your first oppor­tu­ni­ty. Uti­lize the idea of max­i­miz­ing their launch into your orga­ni­za­tion as your sec­ond oppor­tu­ni­ty.

Keep read­ing for more tips from the experts at Com­pli.

• Wel­come new hires. Com­mu­ni­cate with them, under­stand expec­ta­tions on both sides. Also hold each oth­er account­able and ensure that key hir­ing and com­pli­ance require­ments are met and doc­u­ment­ed.

• Main­tain ongo­ing com­mu­ni­ca­tion with new hires through­out the ori­en­ta­tion and train­ing process and clear­ly explain “what’s in it for both of you.”

• Keep new hires as long term employ­ees by main­tain­ing the same suc­cess­ful com­mu­ni­ca­tion and doc­u­men­ta­tion pro­to­col for the life of their employ­ment.

By fol­low­ing the above tips you will be able to tack­le turnover woes and enjoy a hap­pi­er and more pro­duc­tive work­force.

For more infor­ma­tion on suc­cess­ful on-board­ing, view a record­ing of Compli’s “Ori­en­ta­tion & Train­ing For New Employ­ees — Set­ting The Table For Suc­cess Webi­nar,” Click here to view now.

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