How to Lose a New Hire in 10 Days
Poor employee onboarding can cost companies significantly, with negative experiences being twice as likely to cause new hires to seek other opportunities. Only 12% of employees believe their companies onboard well, yet successful onboarding can improve retention by 82%. This guide identifies common onboarding mistakes like mismanaged expectations, lack of clarity, insufficient supplies, and failure to recognize fresh perspectives. It then provides actionable strategies for creating a positive onboarding experience that starts before day one and continues through the first ten days.
In this guide, you'll explore
- Successful employee onboarding can improve retention by 82%
- Only 12% of employees think their companies onboard well
- The average replacement cost of a salaried employee is ½ to ¾ of their yearly salary
- Negative onboarding experiences are twice as likely to cause employees to start looking elsewhere
- Clear expectations, proper supplies, and recognition from day one are essential for success