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Retain your talent with a good onboarding process

Retaining talent with a good onboarding process - niikiis, more than HR software.
Sep
Every process takes time. When you start a new job, you need a moment to understand the environment, assimilate the functions, align yourself with the company's expectations and generate synergies with the team. A proper onboarding process is needed.
Those who receive a bad onboarding are twice as likely to look for a new job in the immediate future (Digitate). Therefore, onboarding an employee well is essential to retain their talent for as long as possible.

First of all, what is and what is not an onboarding process?

Onboarding is a practice oriented to the optimal integration of an employee in order to adapt him/her to the team and the company culture in the shortest possible time.
The onboarding process is not an induction. Although both are performed at the beginning of a job, the approach changes the meaning of each process. Onboarding is focused on the employee's experience with his or her environment. Induction, on the other hand, is an informational process where standard guidelines are given, such as company policies or general procedures.
In addition, while onboarding communication is bidirectional and involves all areas, induction is unidirectional and is only performed by HR towards the rest of the staff.

Reasons why onboarding is essential for talent retention

Did you know that 75% of working professionals in Spain have a bad memory of their onboarding process, according to a Headway study? The importance of a good onboarding process may seem exaggerated, but dedicating the necessary effort to it can bring a series of benefits in terms of talent retention. Here are some of them:
1. Increases employee satisfaction

A well-executed onboarding plan reduces the feeling of abandonment and stress of a new employee. As a result, it increases their satisfaction and desire to continue working there. However, only 12% feel that their company did a good job of onboarding, and of this group, about 70% feel they have "the best job" because of it, according to Gallup.

2. Increases your productivity quickly

There is a myth that onboarding depends only on HR, but in reality it is a task with more actors. If the area manager and the team contribute to the early adaptation of this person, he or she will start generating results faster. Those who receive a successful onboarding increase their productivity from 25 to 75% in the first three months (Gallup).

3. Improve your employer branding

What's better than having qualified professionals seek you out for your good practices and not just for the salary? According to Talentboard, 93% of employees would recommend their workplace to others if they received a satisfactory onboarding. In addition, 84% would consider leaving their current job for another one in a company with an excellent corporate reputation (Glassdoor).

4. Increases commitment

The onboarding process is also a way to show empathy for the employee, because it is a way to make him/her feel that the company cares that he/she is a good fit. That is why more than 50% of companies with good onboarding processes report a high rate of employee engagement (SHRM).

" Onboarding is a magical moment where new employees decide to stay engaged or disengage. It provides a window in which you can make an impression that stays with new employees throughout their careers."

- Amy Hirsh Robinson (The Interchange Group)

5. Reduces talent attrition and turnover rates

By increasing employee connection and engagement, onboarding helps reduce employee turnover and attrition. Thanks to this, talent retention can increase by 25% and even 2 out of 3 people are more likely to stay for three years if they had a good onboarding(SHRM).

In addition, onboarding has a very strong emotional component, because it helps to combat the feeling of loneliness or abandonment that the new employee may experience while adapting to their new job. Esther González, professor at EAE Business School, recommends adding the figure of a mentor to answer all your questions and tell you things that are not said in a formal induction, such as the customs of the team, the dress code or what is better to ask and not to ask.
niikiis helps you to speed up the onboarding process onboarding to improve your employee's experience. Find out more about our process automation and onboarding plan tools. here. If you want to transform your company's culture now, join us!request a demo now with us!
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