There are four basic aspects a potential employee will look for in a company- fare payment, good benefits, a healthy environment, and a good fit for their skills and goals. However, in today’s world those four aspects may not retain all employees. According to the Bureau of Labor Statistics , the national unemployment rate has hit a low of 3.8% in May 2018. Because of this, employees feel that they have more flexibility to explore the workforce and leave a job if it is not satisfying their needs and goals.
To avoid high turnover, it is important that any new employee starts off with a strong base of knowledge. This starts with an effective onboarding training program. An effective onboarding training program improves employee engagement encouraging them to stay for the long run. When an employee begins their role with a secure foundation, your company will see improved employee retention rates resulting in less turnover costs and improved productivity.
Tags: Modern Onboarding Training Program: A Necessity for Any Business