The important role onboarding plays in retention

  • The effort required for leaders to simply retain an effective workforce has become greater than ever.
  • Are you measuring your attrition, how much is that costing you, and could an effective onboarding process reduce that attrition?
  • The vast majority of onboarding processes have a duration that is simply too short to produce a tangible impact on either productivity or retention.

Leaders of employees have endured difficult times over the past few years. With skills shortages, higher levels of absenteeism, working from home, a new trend called quiet quitting and the great resignation, the effort required for leaders to simply retain an effective workforce has become greater than ever. But, of course, these changes, this effort, come at a cost. This begs the question, how do we measure that cost? One way is to consider your attrition rate, which is the percentage of your workforce who left in the past year. In a recent survey, 90  per cent of respondents said that the retention of new hires is an issue in their organisation. While some factors leading to attrition are outside your control, other things, such as the effectiveness of your onboarding process, are within your control, can be managed, impact retention efforts and create real cost savings.

This article is exclusive to Governance Institute members and subscribers.

To read the full article…

or Become a member