Statistically speaking, 93% of employees believe an effective onboarding process is crucial for employee retention. Crafting a well-planned onboarding as a part of your recruitment process can help you achieve greater productivity of up to 54%. Everything comes under a good onboarding process, from providing familiarization with the work environment to getting the new employee in alignment with the company’s vision and mission.
However, what halts this process from being effective is its duration and its implementation. Some firms extend their onboarding process for three months, while some wrap it up in a matter of a few days. As per the statistics, only 12% of employees believe that their organization has a good onboarding process. Employee onboarding is the first impression of your firm on the employee and is a permanent placement solution.
Scroll down to learn more.
Why do Companies Invest in Onboarding?
Onboarding new talent is crucial for any organization. It is the first step towards appreciating the new employee and making them feel welcome. Furthermore, 54% of companies are estimated to have better employee engagement with a well-laid-out onboarding program. Now more than ever, the need for an exquisite onboarding process is required. It can further be of use to not only the new employee but also the hiring manager in staying on the same page.
Onboarding keeps the emphasis on providing transparency to the employees regarding what is expected from them. The onboarding process is not just something that is beneficial for the initial stage; it helps the employees in the long run. As a matter of fact, it has been estimated that employees that experience a good onboarding are 14 times more likely to understand their job description well and perform even better.
Even if the role is short-term and temporary, companies do invest in onboarding. Temporary IT talent can be a great solution for companies looking to fill short-term needs or evaluate potential hires before making a long-term commitment. Working with reputable temp-to-hire agencies can provide access to a pool of qualified candidates and streamline the onboarding process for temporary workers while providing you with the best temp-to-hire solutions.
Factors Determining the Pace of Onboarding and Ideal Timeline of Onboarding
For an effective onboarding process, the timeline matters. But the question arises, what is the ideal timeline? How long should the process last? A day? A week? Or a Month? Let’s understand.
Factors Affecting the Pace of Onboarding
- The complexity of the Job: If the job requires a high level of skills, knowledge, or expertise, it may take longer for the employee to onboard fully.
- Skill level and experience of the employee: Some employees have prior experience and may require less time to onboard. On the other hand, new hires with limited experience may require more time.
The Ideal Timeline
As per the statistics, on average, the new employee is expected to complete 54 activities during onboarding. Although the timeline of the process depends upon the organization or the industry type, it is imperative to know that, Onboarding should be an ongoing process, and it’s essential to provide opportunities for growth and development throughout the employee’s tenure. Encourage continuous learning, provide feedback and recognition, and help the employee build relationships within the company.
Hiring Struggles Faced by Companies
Recruiting in today’s age is no less than a challenge. From attracting the right candidate to building strong employee engagement, a company has to face a lot of struggles. Adding to these struggles is the Covid-19 pandemic, which resulted in a 50% decrease in online job postings.
Many companies suffer from an inadequacy of technological support and the additional cost of hiring. One of the main challenges an organization faces is not of finding the right talent but finding the one that suits the requirements of your organization. Even if the employee is not fully equipped and trained, this is what the onboarding process is for.
To carry out the process of staffing and onboarding more efficiently and with a shorter turnaround time, MRCC Consulting is the top choice. With years of experience in providing onboarding services in the IT space, MRCC can help you carry out this process quickly.