Employee retention is a challenge for nearly every company. BambooHR surveyed over 1,000 employed Americans and found out that 31% had left a job within the first six months. Since the cost of replacing an employee is from 90% to 200% of their annual salary, employee turnover hits the bottom line hard.
One way to retain valued employees is to provide them with a good onboarding experience.
Onboarding is the process of integrating a new employee into the new work environment. It has two main goals:
- Encourage socialization and make new hires feel welcome and valued.
- Teach employees the necessary skills, knowledge, and behaviors.
You can simplify and speed up the process with employee onboarding software. To successfully achieve both goals, you need an HR System and a Learning Management System (LMS).