Training Onboarding: The Key to Reducing New Hire Turnover

New employees are essential for any organization because they bring new ideas and perspectives to its growth. Many companies need help with high employee turnover rates due to insufficient training and onboarding procedures. According to research by Glassdoor, 33% of employees leave their jobs within the first six months of employment.

New hire turnover causes businesses to suffer both time and financial losses. Companies should provide a well-organized onboarding process for new employees. An effective onboarding program can help companies enhance employee satisfaction, retention rates, and overall organizational performance.

What is Training Onboarding?

Training onboarding is a process where newly hired employees learn about their employer’s operations or services. This helps them become competent contributors to the organization. The objective has two parts. First, we want to ensure that employees are satisfied and knowledgeable. This will help them engage better at work and provide excellent service. Second, it will also enhance the employer’s brand image.

Below are some essential steps involved in creating an effective training onboarding program:

• Plan Ahead

Prior to initiating your company’s training and onboarding program, it is crucial to engage in planning. This will enable you to foresee any potential challenges or opportunities during the transitional phase for recruits.

• Identify Skills Gaps

Conducting skills assessments can help identify improvement areas at the individual candidate level and across departments.

• Create Effective Welcome Packets 

The welcome packet must contain all necessary information for future reference. This includes forms like NDA agreements.

• Set Goals And Objectives With Managers 

When managers and teams work with candidates after they have been onboarded, their goals and objectives include identifying communication policies and resources for external links. These policies are relevant to various groups and are administered through manager approval and review.

• Pair Up Mentors Or Coaches 

New hires can be assigned mentors or coaches to assist them with daily tasks and provide emotional support when transitioning into the new work environment.

• Introduce Cross-functional Teams

Collaboration across departments is the key differentiator between companies and their direct competitors. Integrating cross-functional teams can have a significant impact.

Why Is Training Onboarding Important?

Onboard training programs are effective in helping employees quickly become productive in their roles. Comprehensive tutorials run by knowledgeable staff members or mentors from various departments are the means of achieving this.

• Reduces Employee Turnover Rates 

Inadequate onboarding experiences contribute to high turnover rates. This is because they hurt employee satisfaction, reducing overall team morale. Reports indicate that businesses that invest in their employees’ onboarding processes have 50% lower turnover rates than those that neglect this aspect of human resources.

• Maintains High Levels Of Job Satisfaction 

A well-structured program educates new hires about company policies. It also helps foster loyalty by making them feel part of the organization’s mission statement. Additionally, it encourages them to impress customers through excellent service delivery. When individuals perceive that their contributions are equal, retention levels improve. This is because people comprehend the significance of their role within the larger context of an organization.

Measuring The Success of Your Program 

Training onboarding success can be evaluated using measurable metrics such as cost-per-hire or sales per employee post-onboarding at set intervals (i.e., quarterly). Some key indicators include:

• Time-To-Productivity Measurements: Measuring Time-To-Productivity is a way to determine the duration it takes for your new hires to become productive. By comparing the productivity of employees with long-term tenure to those with short-term employment, we can identify if there is a decrease in productivity over time. Analyzing the factors that influence learning speed will enhance the overall effectiveness of the hiring process. 
• Employee Retention Rates: Monitoring retention rates before and after implementing updates encourages ongoing efforts and contributes to organizational improvements.
• Employee Satisfaction Surveys: Regularly conducting surveys among new and long-term employees can assist in identifying areas for improvement in your existing onboarding or training program.

In Conclusion

A well-planned and effective training onboarding process is crucial for every organization. It enhances employee satisfaction and boosts productivity while decreasing employee turnover rates. 

Implementing structured procedures during the initial orientation period in a typical onboarding process can positively contribute to overall team success and improve retention metrics. This, in turn, reduces costs associated with advertising job openings and recruitment procedures later in the hiring process. It helps human resources departments achieve better results by minimizing the risk of overstaffing due to high attrition rates.