When you begin the recruitment process, it’s important to remember that highly qualified candidates might have other offers on the table – an estimated one in six job offers are rejected. Statistics also show that one in three new employees quit in the first 90 days, often because of a negative new hire onboarding experience. And the post-COVID “Great Resignation” is making retention even more difficult.
However, studies have shown that organizations with a strong employee onboarding process can improve new hire retention by as much as 82 percent. This means providing a solid employee experience, beginning the moment the person accepts the job, can result in long-term engagement and retention.
Here are some tips to help you retain employees longer:
- Create a strong onboarding and training program (View our onboarding guide)
- Develop an Employee Recognition platform
- Review and update salary base and benefits annually
- Create a positive, safe culture for all to thrive, produce and grow
- Offer ongoing education and development opportunities
- Send out employee satisfaction and feedback surveys regularly, and take action on the information received