If you are looking to improve your employee retention rates, implementing an effective onboarding plan might be the answer you’re looking for. According to the US Bureau of Labor Statistics, 3 million Americans quit their jobs every month (1). Poor onboarding experiences and unclear expectations are some of the top reasons for employees to leave their positions within the first six months (2).
This data suggests that the best way to retain new talent is by providing an excellent onboarding experience. In fact, organizations with a strong onboarding process improved their new hire retention rates by 82% and productivity by over 70% (3). The best onboarding programs focus on a few key strategies. Below we have shared five steps to help you create a successful onboarding plan using these strategies.