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.