One of the main goals of a solid onboarding plan is to reduce turnover in a company - Because, once the employee experiences that precious sense of "belonging," their bond with the company will surely strengthen.
It's a processes that aim to shorten the time a new employee takes to reach its full potential within a company. And that goes well beyond the simple guideline; onboarding plans should make employees familiar with a company's goals.
The Onboarding Process
Onboarding begins the moment an employee signs the offer and ends once they've left the organization. Making it a great, consistent experience, will guarantee more engagement, higher rate performances and longer stays in the company.
"Modern onboarding fills the gaping chasm between employee engagement and the standard, highly-transactional forms process."
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Integrating new employees
The cost of turnover in a business ranges from 1% to 2.5% of total business revenue.