Use this Research-based Employee Onboarding Plan to Boost Retention

Every company has their own version of employee onboarding. Some companies devote two years to the process, spend thousands of dollars and utilize detailed metrics, while others arm a new hire with only an employee handbook and some words of encouragement.
New employee statistics are pervasive on the internet: Four percent of new hires leave a job after a disastrous first day; half of all hourly workers leave new jobs within the first 120 days; nearly 33 percent of new hires look for a new job within the first six months.
But dig a little deeper into the research and there are some encouraging statistics too. Organizations with a standard onboarding process experience 50 percent greater new hire retention; 77 percent of new hires that hit their first performance milestone have had formal onboarding; and manager satisfaction increases by 20 percent when their employees have had formal onboard training.

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