Onboarding can be one of the most critical times in an employee’s tenure.
An employee's experience in those first few days of being hired sets the tone for how they perceive their new employer and their new coworkers.
A smooth and effortless onboarding experience sets both employer and employee up for success, while a rocky start can leave a new hire wondering just what they’ve gotten themselves into.
Data shows that a great onboarding process will more than pay for itself over the long run:
- Up to 20% of turnover happens in the first 45 days of employment.
- Standard onboarding processes lead to 54% greater productivity in new hires.
- Companies lose up to 2.5% of their revenue to new hire learning curves.
- Good onboarding results in 18% greater new-hire goal achievement.
As part of Oracle's Human Capital Management (HCM) Cloud solution, a complete onboarding solution has been built. This solution works not only with brand-new employees, but with employees moving into a new role in the same organization. It even covers “pre-boarding,” that period of time between accepting a job offer and showing up at the office for the first day of work. Acclimating new hires to the company culture and introducing them to their peers in advance can further speed and streamline the transition from first-day jitters to all-star performance.
Make sure that your onboarding process provides a great "first" impression that lasts.