8 reasons why effective onboarding makes a difference to your employees.

We’ve already covered how effective onboarding is critical for the success of an organisation as a whole. But how can effective onboarding truly benefit an organisations employees. Onboarding is the process of integrating new employees into an organisation and ensuring they understand their job responsibilities, company culture, and organisational structure. And most importantly – make them proud of what they do and encourage employees to be around for the long haul. An effective onboarding program can have significant benefits for both the employee and the organisation. Here are some of the top benefits that effective onboarding has on employees.

1. increased retention rates.

Effective onboarding programs can significantly increase employee retention rates. According to a study by the Society for Human Resource Management (SHRM), new employees who participate in a structured onboarding program are 69% more likely to stay with the company for up to three years. In contrast, new employees who do not participate in a structured onboarding program are 58% more likely to leave the company within three years. The study also found that companies with effective onboarding programs experience a 50% increase in retention rates.

2. higher job satisfaction.

An effective onboarding program can increase employee job satisfaction. A study by Glassdoor found that employees who experienced effective onboarding were 2.5 times more likely to feel happy and satisfied with their job. Moreover, a positive onboarding experience can also increase employee engagement, leading to higher productivity and performance.

3. improved job performance.

Effective onboarding can improve job performance by providing new employees with the necessary tools and resources to succeed in their new role. A study by Aberdeen Group found that organisations with effective onboarding programs experience a 54% increase in productivity and a 50% increase in new hire retention. Moreover, a well-designed onboarding program can help new employees understand their job expectations, goals, and responsibilities, leading to better job performance.

4. better communication & feedback.

Effective onboarding can also improve communication and feedback between new employees and their supervisors. A well-designed onboarding program can provide opportunities for new employees to ask questions, receive feedback, and provide input on their job responsibilities and expectations. This can lead to better communication and collaboration between new employees and their supervisors, leading to a more productive and successful work relationship. According to a study by BambooHR, employees who receive regular feedback and recognition are 30 times more likely to feel engaged at work. By providing regular feedback and communication opportunities during the onboarding process, organisations can set new employees up for success and engagement in their new role.

5. supports diversity & inclusion.

Effective onboarding can contribute to enhanced diversity and inclusion in the workplace. As well as the ease of access and learn-from-anywhere approach to modern digital learning; a well-designed onboarding program can help new employees feel welcome and included in the organisation’s culture and values. Providing them with the necessary training and support to succeed in their role. This can lead to a more diverse and inclusive workplace, where employees from different backgrounds and perspectives are valued and respected. According to a study by McKinsey, organisations with more diverse workforces are 35% more likely to have higher financial returns than their less diverse counterparts. By creating a diverse and inclusive workplace through effective onboarding, organisations can improve their bottom line and drive business success.

6. positive impact on company culture.

Effective onboarding can have a positive impact on company culture. A well-designed onboarding program has been proven to help new employees understand the company’s values, mission, and goals, leading to a more positive and cohesive organisational culture. Moreover, a positive onboarding experience can also help new employees feel more connected to their colleagues, leading to better teamwork and collaboration.

7. improved employee branding.

Effective onboarding can also contribute to better employer branding. A positive onboarding experience can lead to word-of-mouth recommendations and positive reviews on job boards and social media platforms. This, in turn, can attract high-quality candidates to the organisation, leading to a better talent pool and increased competitiveness in the job market. According to a study by CareerArc, 91% of job seekers believe that a positive interview experience can change their perception of a company. A positive onboarding experience can have a similar effect and contribute to a better employer brand.

8. reduced stress & anxiety.

Effective onboarding can help reduce the stress and anxiety that new employees may experience. Starting a new job can be overwhelming, and a well-designed onboarding program can help new employees feel more comfortable and confident in their new role. A study by Talmundo found that 67% of employees felt less anxious about starting a new job after experiencing an effective onboarding program. By reducing stress and anxiety, effective onboarding can help new employees be more productive and successful in their new role.

Are you looking to create one of the world’s best workplaces? Get in touch with the experts at Mindboost today to learn how we can elevate your onboarding experience.