From Recruit to Revenue: 5 Strategies to Optimize and Accelerate Onboarding (Training Industry)
Catching new employees up to speed on the company culture, processes and knowledge can cost up to 30% of a new hire’s annual salary. But for the first month in their role, most new hires perform at only a quarter of their full potential — unsurprising given that many companies dedicate a week or less to onboard employees. Optimizing your onboarding process can help reduce early turnover by as much as 25% and save nearly $11,000 in expenses to recruit and hire new people. To remain competitive in a cutthroat market, learning and development (L&D) leaders must standardize, optimize and accelerate employee onboarding so that new hires can be productive and add value to the company as soon as possible.
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