Description
Learn how successfully onboarding new leaders will reduce the cost of attrition and underperforming employees.
According to the SHRM Foundation, half of senior level outside hires fail within their first 18 months on a new job. And the cost of this turnover to an organization can be exorbitant 60 to 90 of an employees annual salary is the cost to replace an employee. To avoid failure, it is imperative that organizations provide onboarding programs that ensure the success of their new employees. What exactly is onboarding? Onboarding is the process of integrating a new employee into a company. It is not the same as orientation. Orientation is typically a oneday introduction to benefits, resources, amenities, and an overview of the company culture. Onboarding, on the other hand, is a longer process that usually takes between three and 12 months. Providing a formal, companyled onboarding program is imperative to set up your new employee for success and reduce turnover costs. In this presentation, I will provide the key success factors to bring new leaders through the onboarding process at your company. Successfully onboarding new leaders will reduce the cost of attrition and underperforming employees.
Date: 2023-04-04 Start Time: 1:00 PM ET End Time: 2:05 PM ET
Learning Objectives
* You will be able to recognize how providing an onboarding program to new employees will benefit your organization and save money.
* You will be able to identify the key components to a successful onboarding program.
* You will be able to explain the cost of turnover to your organization.
* You will be able to discuss how to measure and improve the effectiveness of your onboarding program.