Concerned about employee retention? You are not alone. A global study by McKinsey stated retention of top talent as the number one challenge CEO’s are currently facing.
In a recent article in Forbes Magazine, Heidi Lynn Kurter takes a closer look at businesses with higher retention rates and how that rate is directly correlated to the onboarding process adopted by each company.
Many companies underestimate the importance of onboarding new employees. However, this process is one of the first impressions the new employee has of the company. This first impression can shape the way the employee perceives how much they are valued by the company.
Kurter’s article, “10 Simple Ways To Improve Onboarding For Increased Retention” gives suggestions for improving the onboarding process. Generally speaking, the employee wants to be treated as if they matter to the company. This message is sent in various ways, such as: keeping communication engaged between the time of hire and the employee’s actual start date; scheduling one on one time with the employee; and, mapping out a clear future plan for the employee.
Ultimately, companies who make the effort to remain engaged during the first year of a new hire’s employment tend to have higher retention rates, and happier employees. You can read Kurter’s top 10 list here.