Beyond Handbooks, Benefits, and Photo IDs: The Role of HR and Management in New Employee Onboarding
By 45 days after a new employee begins their job, 20% quit By 7 months, 50% have quit. Fourty six percent of new hires fail within 18 months, and only 19% achieve success. The exodus of these new hires costs the employer approximately 20% of each employee's salary. Considering the percentage of employees who never engage with their new job - the costs are enormous. If those employees engaged, research shows that the stock value will have higher earnings per share, and the business will experience 22 percent higher profitability, 21 percent higher productivity, 10 percent higher customer engagement, 25 percent to 65 percent lower turnover, 37 percent lower absenteeism, 28 percent lower shrinkage (theft), and 48 percent fewer staff safety incidents.
April 18, 2017
10:00 AM PDT | 01:00 PM EDT,