Employee onboarding is the comprehensive process of introducing new employees to their new roles and preparing them for the job duties they will be performing in a potential long term. Onboarding is one of the most crucial steps in the whole employee life cycle. According to Deloitte, 69% of employees are more likely to stay with a company for three years if they had a positive onboarding experience.
With that being said, a structured and efficient onboarding process is of utmost importance. This article talks about some key benefits of a structured onboarding process and how it’ll help both the employee and employer in the long run.
Reduced Costs & Stress
A structured onboarding process can help save money by going paperless and reduce angst by having all required HR documents in an electronic format for easy storage. During a structured onboarding process, you can make sure that the new employee understands expectations and has a clear vision of the company’s values, which will reduce the stress that comes along with starting a new job.
Utilizing onboarding software can help save time by streamlining the onboarding process for both HR administrators and employees, making it a simple, fast, and hassle-free experience. When rehiring terminated employees, a structured onboarding system also makes it easy to re-board employees electronically and have them update information that may have changed.
Increased Employee Satisfaction
A structured onboarding process can provide employees with a quick comprehensive day-one look at the company policies, values, and culture. It can help make a good first impression for your new hire, demonstrating that your company is staying current with technology with efficient onboarding software that makes their onboarding experience easy, fast, and hassle-free. By spending time with the new hire and providing information about the goals and vision of the company as well as outlining job duties, you can provide a foundation for increased satisfaction.
Improved Employee Retention & Performance
When employees are happy within a company, the odds of them seeking other opportunities are much lower. As a result, stress reduction, improved performance, and job satisfaction all add up to the ultimate goal of higher rates of retention. When a new hire clearly understands the expectations of the job as well as the company culture, it’s easier for them to start performing better and meet the expectations faster. A structured onboarding process can also give new employees a good understanding of what resources are available within a company for them to learn, uplevel their skills, and improve performance consistently.
Keep on Track with New Hire Onboarding
If your company doesn’t have a structured onboarding process set up just yet, here’s a quick solution for you. Our New Hire Onboarding feature within iSolved provides an electronic solution for new hire onboarding.
With our onboarding software, things run smoothly and effortlessly. Forms can be easily put in by the HR or Payroll Admin. The new employee will enter their information directly into iSolved, which eliminates the need for an HR or Payroll Admin to enter the data from paper forms.
If you are interested in learning more about how our onboarding software can help optimize your onboarding process, contact us today and get the help you need.