The start of a new employee’s journey in a company begins with onboarding. A large part of what determines the future success of new employees is how smoothly the onboarding process is performed. Additionally, each new employee represents risk and a temporary loss of productivity for the company, especially if they are replacing a more experienced former employee. In the past year, Millennials in the workplace changed jobs three times more than their older coworkers, representing a loss of $30.5 billion in turnover costs annually. Therefore, it is worth investing money to ensure that new employees stick around. Investing in a workflow automation software tool can help increase new hire retention rates while freeing up HR and IT resources for more important tasks. Read this entire post find out how workflow automation software helps HR increase new employee engagement by streamlining the onboarding process.
The first step to new hire success: creating a formal onboarding process
According to the results of this workflow mobility survey, 22% of companies do not have a formal onboarding process. The same survey also reports that 58% of companies do not measure new employee productivity at all. Without a formal onboarding process, companies lack a way to measure the success of new hires after they enter the company. This also means that there are no benchmarks for improving failing onboarding processes. Automating the employee onboarding process with workflow software helps companies retain new employees by ensuring the correct process is followed each time a new employee is on-boarded. By using workflow software to automate the employee onboarding process, companies have the tools to track the success and productivity of each new hire. Workflow software automatically maintains a record of what was done for each new employee as they entered the company. This means that companies now have benchmarks for the success of each new hire and how to improve low retention.
