“Good culture, people, and an inclusive work environment are the three important factors for an employee to sustain”
Employees are the backbone and voice of every organization. Any company’s performance in the market is dependent on how its employees fare, and the goals they keep in mind for the organization’s growth. In a bid to have a clearer vision for the employees, a strong onboarding process is of utmost importance.
War for talent is real, and companies are fighting to hire the best talents and retain them. Due to the shortage of resources and the ongoing economic trend of the Great Resignation, companies are finding it challenging to retain their employees. In this era, employees shift jobs and sectors in a short span if they are not satisfied with the work, culture, and teams. It is very difficult to retain talent, and onboarding is the first step towards their journey in a new company.
Even before employees join an organization, they should feel included in the company. A proper onboarding exercise results in a positive impact on the employee, which helps them with a clear set of goals, know-how of the company business and decreases the time for the new employees to settle down.
Several organizations across the globe have now tweaked their business models, which can suit the needs of employees. While it was compulsory to work from the office in the pre-pandemic era, companies now give leeway to their employees and allow them to work from home or a place they wish to.
Remote and Hybrid working is beneficial for the employees and has seen a rise in productivity. In the ongoing economic trend, where resignations are free-flowing, hiring and making an employee stay has become very challenging. Hence, retention of employees is very essential and cost-effective, as hiring and training a new talent is time consuming and stressful and can lead to a negative impact on the turnover of a company’s business.
An interesting fact found by one of the research projects undertaken by Questis was employees who find their employer investing time in their financial goals are more likely to be retained for a longer period. As per a report by KPMG, India’s retention rate used to stand at 80-85%.
Since hybrid and remote working are the way forward, onboarding has again garnered much-needed importance in every organization. All big companies are now focussing on the orientation, training, and development of their new employees.
- Orientation – Help the employee to understand work ethics, company culture, and environment and clear clarity on the role they need to play for the growth of the organization
- Training – It is essential to train the employees for them to understand the execution process, and will help in having a clearer picture of their role
- Development – Knowing the skill sets of employees and understanding their strengths which can help them explore and grow to the fullest.
Every company’s HR should give sufficient time for the entire onboarding process, and needs to be there for employees in their initial months to help them understand the business. As per reports, any new employee needs 8-12 months to get completely ingrained in the company culture and work like their other co-workers. A 30-60-90-day onboarding journey works well for the new employee and makes their life easy. Disprz helps big organizations onboard employees smoothly with features like drip journey, micro-learning, live training, social learning amongst others.
A smooth onboarding process leads to employee satisfaction and retaining the talents for a long stint with the company. One of the leading pharmacy chains in India, Wellness Forever, recently changed its onboarding policy with the help of a learning solution and was able to cut down on a lot of time. Understanding the processes, organization, people, and culture always creates a strong perception in the mind of an employee which in turn makes them more productive. For an organization, it is always beneficial to invest in the onboarding process to retain the best of their hires. It helps the employees to have hassle-free new beginnings and can concentrate on their goals and growth path taking the company and themselves to newer levels.