Onboarding is a process of bringing new employees to the organization. It begins from the moment you offer a position to someone and it should last until they become well-integrated into the company. The system requires a thorough effort in helping them adjust to their new workplace.
In its essence, it is an extension of the recruitment process. It doesn’t matter what great potential your candidate has, they need a specific environment to be able to realize that potential.
It may seem troubling at first, but there is plenty of evidence of the incredible benefits that a good onboarding system provides. It ultimately means more profit for the organization. That is the top goal of any business.
Various onboarding systems and practices have already been developed and perfected, which can save you a lot of time. All you have to do is adjust them to the needs of your business, for example using data to scale training operations.
Let’s see how exactly onboarding systems can bring more money to your company.
It Prevents Employee Turnover
Finding the right candidate for the job takes time and effort. But, making sure they stay on your team takes even more. And that is something every company should try to do. Employee turnover has many negative effects on productivity and performance.
Re-opening a position for a new hire can be very costly. Salary costs can be up to three times that of the original employee being replaced.
If the new hire doesn’t feel connected to their new role, that can also be a problem, and it can be even more expensive in the long run.
Not being able to keep new employees negatively influences the whole team. It decreases their productivity and trust in management. When new colleagues come and go all the time, there is no time for them to connect. Employee engagement is one of the key factors for higher profits. The lack of it can be a very serious problem.
The onboarding process helps with all these issues. It allows the person to understand their role and to connect with the team. It also makes them feel happier and more satisfied. All this makes it less likely that will want to leave.
It Boosts Employee Engagement
The onboarding process helps new hires feel welcome among their colleagues. The higher the employee engagement level in the organization is, the more money it will earn.
Helping the new member adapt and learn the ropes is a bonding experience for the whole team.
Supporting the new person in getting a better grasp of company culture helps the whole team. It allows everyone to revisit the vision and mission of the organization.
It is important that everyone is involved and devoted to the process. They should try to make the new hire feel welcome and accepted. That way, it’s easier for them to bring in new ideas and perspectives into the group. Thus, a lot of new energy, motivation, and inspiration will come with them.
This can refresh the workforce and make work more fun and exciting. It is clear that the work atmosphere has a great influence on company results.
Quality communication is necessary for any type of relationship to succeed, and good onboarding allows better and more efficient communication among colleagues. It also improves communication with management.
All of these aspects result in happier and more fulfilled team members. They will not only cooperate better but feel better in their workplace. It is a crucial step for a successful business.
It Improves Performance
Employee onboarding improves not only the performance of the new hire but the whole team.
It doesn’t matter how thorough the hiring process is. New employees need baby steps. They usually start working not knowing the expectations and requirements of their role, which is completely normal, as everyone needs time to adjust. But, onboarding shortens the time of adapting and improves its quality.
That is why it’s crucial to take your new hire through all the stages of onboarding. They will need much less time to understand their role, meaning they will become independent faster.
The key is helping everyone know what is expected of them. Then they will be much more productive, efficient, and content with their jobs.
Another important factor to performance is the relationship with management. Onboarding requires a genuine dedication to new hires. Managers need to take time to support their new employees with the transition. Through onboarding, they should help them in every way they can with fitting into the team. It’s also important to help them understand their responsibilities. This includes showing them ways or tools that help fulfill their responsibilities as well.
Because of that dedication, a new employee won’t feel easily replaceable. Instead, they will believe that their superiors respect them and care for them on a deeper level. It is another way of onboarding that produces better performance and higher profit.
The more time and effort we invest into something, the better are the results we can expect. The same principle goes for employee onboarding. It helps us set a strong base upon which we can build various preconditions for success.
What does onboarding mean, fundamentally? It’s putting more time and work in the beginning so you can expect better results in the long run. In the end, it all leads to more profit for your organization and is well worth the effort.