Onboarding Success: Strategies for Millennials and All Employees

It’s widely acknowledged that employee onboarding programs are integral to any HR strategy. Yet, have you ever pondered the tangible benefits that effective onboarding practices and a favorable employee experience can bring to your company culture?... Let's consider: 

Financial implications of ineffective onboarding processes:

  •  The average cost of hiring a new employee is approximately $4000 (Glassdoor, 2019), with replacements costing around 20% of the employee's pay (CentricHR, 2022) 
  •  A bad hire can cost up to 30% of the employee's first-year earnings (ApolloTechical, 2023).

Turnover concerns:

   •  The first 45 days of employment account for up to 20% of employee turnover (HarvardBusinessReview, 2018). 
   •  88% of companies admit they could improve their onboarding programs, indicating a significant opportunity for enhancement (Gallup, 2017).

Effective onboarding is not just a one-time event; it's a strategic process that begins during recruitment and extends throughout the first year of employment. By incorporating interactive elements, gamification techniques, and integrating social and cultural concepts, participants will learn to craft onboarding experiences that foster engagement, retention, and performance.

Learning Objectives:

  •  Understand the importance of onboarding in driving organizational success and employee retention.
  •  Explore best practices for designing onboarding programs that incorporate collaboration, culture, connection, and continuity.
  •  Learn how to leverage interactive elements, gamification techniques, and social and cultural concepts in onboarding.
  •  Gain insights into the financial implications of ineffective onboarding processes and strategies to optimize onboarding costs.
  •  Navigate common challenges in onboarding, including remote onboarding difficulties and the disconnect between hiring and onboarding.
  •  Understand the role of onboarding in shaping organizational culture and values.
  •  Explore emerging trends in onboarding, including automation and AI, and their impact on future onboarding processes.

Who Will Benefit:

  •  HR Professionals seeking to enhance onboarding best practices.
  •  Managers and Team Leaders responsible for creating engaging onboarding experiences.
  •  Talent Acquisition Specialists aiming to improve employee retention.
  •  Organizational Leaders interested in the financial impact of onboarding.
  •  Anyone involved in employee onboarding seeking to enhance their skills.

Live Q&A.