Onboarding is a vital part of your hiring activities, helping new hires acclimate to their role, their coworkers, and the company culture. It also helps with retention, as a company with good onboarding processes can see a retention rate of 69% in the first three years.
But 22% of companies have no formal onboarding program, and only 49% have some onboarding processes in place. That can leave new hires feeling less equipped to do their job and make it harder to feel like a part of the team and the company.
Onboarding is a process of integrating new employees into your organization. It starts as soon as a candidate accepts your job offer. Let’s talk about the steps of onboarding and why they’re essential.