Stop the Revolving Door: Why Onboarding Is Your Secret Weapon for Retention
Four reasons why a well-structured onboarding programme will help build a loyal and productive workforce.
min
Today's employees are looking for more than just a paycheck. They crave a work environment that fosters growth, offers purpose, and makes them feel valued. With high employee turnover rates, particularly among mid-senior hires, companies are facing a significant challenge: how to retain top talent.
The answer lies not just in attracting the best people, but also in effectively integrating them into your organisation. Here's four reasons why a well-structured onboarding programme is your secret weapon for building a loyal and productive workforce.
1. First impressions matter: setting the stage for success
Imagine starting a new job feeling lost and confused. That's the reality for many new hires who experience a rushed onboarding process focused solely on administrative tasks. This initial period sets the tone for the employee experience, impacting their engagement and ultimately, their decision to stay.
2. Investing in onboarding pays off
Studies show that a strong onboarding program can significantly reduce employee turnover. New hires who feel supported and equipped to succeed are more likely to be happy and productive. This translates to a significant cost saving for your company, considering the hefty price tag (on average £30K) associated with replacing employees.
3. Building trust and connection
Onboarding goes beyond paperwork and IT setup. It's an opportunity to introduce new hires to your company culture, values, and mission. Through social activities and mentorship programs, you can foster a sense of belonging and connection with colleagues. This not only reduces feelings of imposter syndrome but also builds trust and loyalty.
4. Investing in your people is investing in the company
By prioritising a comprehensive onboarding programme, you're not just integrating new hires – you're investing in the future of your organisation. A strong onboarding process leads to a more engaged, productive, and loyal workforce, ultimately propelling your business towards success.
Don't underestimate the power of a well-designed onboarding programme. By taking the time to properly integrate new hires, you can create a positive and lasting impression that keeps them engaged and reduces costly turnover.
Visit our onboarding experience page to find out how LHH can support your own organisations onboarding programme, setting new hires up for success.