Congratulations! You’ve just hired somebody after a long search for the right fit. Finding the perfect candidate is no easy task - not only do they need to have the right experience, but they’ve also got to comfortably blend into your culture without disrupting the existing dynamic. It doesn’t stop there; now the real work begins. Get ready to onboard the latest addition to your team.
According to the SHRM Foundation, organizations correlate effective onboarding practices with helping to improve retention rate, time to productivity, and overall customer satisfaction by more than 50% each. This makes sense. If an employee believes that an earnest commitment is being made to invest in his or her growth, he or she will undoubtedly feel more connected to the role.
Let’s explore key ways to onboard a new employee so that it benefits your new hire and your overall organization.
To give everybody a fair chance and to remain consistent across the board, follow an established process each and every time someone new joins your team. UrbanBound reports that organizations with a standard onboarding process enjoy 54% greater new hire productivity and 50% greater new hire retention. Those numbers speak volumes.
So how do you create consistency? Aside from making sure all email, phone, passwords, and more are set up prior to the employee’s first day, here are some other ideas:
Forbes.com states that an onboarding process should, at a minimum, last 90 days. It is in this crucial period that about 20% of employees churn. Sure, there are more fish in the sea, but do you really want to start the search process all over again? Here are some ways to make those 90 days count:
Here’s a staggering number: the Association for Talent Development claims that companies with a comprehensive training program have 218% higher income per employee than companies without a formal training program. How can a company expect new talent to perform well when they don’t really understand the product or service?
A simple way to train? Have employees shadow other teams. It’s a chance to get them to observe the product/service in action, talk about it in a safe and reactive environment, and get hands-on with it.
Don’t be afraid to provide direct feedback during the training process. Critiques are essential to learning and growing and really help to foster a sense of accountability. Employee satisfaction and proper training will translate to your customers - if your team believes in your brand and is generally happy, then customers are more prone to believing in it, too.
A training process takes time and resources, but the long-term benefits far outweigh those costs.
Goals don’t have to be scary. They don’t have to be strictly tied to compensation or growth. But they’re a great tool for keeping employees on track and working towards success, both in the short-term and the long-term. Establishing a goal habit from the outset will give each person’s mind a framework for how to approach their work and will make it easier to plan for the future.
Goals should be SMART (Specific, Measurable, Achievable, Relevant, and Timely) so that it’s easier to track the progress of meeting that goal. If you’re in sales, it’s not enough to say, “next quarter, I want to close more accounts”. Instead, a SMART goal will be something like, “by the end of next quarter, I want to bring in 10 new accounts that will result in a higher commission for myself and will contribute to the overall revenue goals of our company; I’ll do this by increasing the amount of calls I make from 100 to 150”.
While it’s okay to miss some goals and there’s not a need to make them the sole deciding factor in promotions/raises, goals should be discussed regularly as a team.
Regular reviews, especially during the onboarding season, give both the employee and employer an opportunity to assess whether or not the onboarding process is effective. Plus, showing talent that their growth is important (via performance-based merit increases) is invaluable when it comes to retention.
Take the time to listen, be reactive, be proactive, and set benchmarks for success. Employees’ personal lives should be taken into consideration, too. Prioritize a work-life balance that accounts for family time, hobbies, travel, and personal growth. It’s a win-win situation and a way to show your employees that their time is just as valuable to you as it is to them. An open rapport and a collaborative approach to excellence go a very long way in building a team that is in it for the long haul.
When you invest in employees that are happy and will grow with you, amazing things can happen.
Read our latest post on how to empower your customer’s success here.