Implementing a comprehensive onboarding strategy can help organizations build a loyal and high-performing workforce that ultimately drives sustainable growth.
By Andrew Pryor
Employee retention today remains one of the top challenges organizations face. In a highly competitive job market, companies are constantly searching for new strategies to attract and retain top talent. One crucial yet often overlooked aspect of retention is the onboarding process. When done right, onboarding not only makes new employees feel welcome but also plays a significant role in reducing turnover.
In 2022, ECI Software Solutions faced higher-than-expected turnover rates, particularly among employees in their first year. This raised a red flag that something in the onboarding process was falling short. As the team analyzed the situation, it became clear that the shift to remote work had disrupted many of the organization’s traditional onboarding practices, leaving new hires feeling disconnected and unsupported. The inconsistencies in their experience signaled that the company’s existing approach was not working with the changing work environment. It underscored the need for a fresh approach to the onboarding process.
ECI Software Solutions had been working with Great Place to Work® for years, leveraging insights from their Trust Index™ survey. This particular year, the results were eye-opening. The company discovered that its onboarding experience was inconsistent, particularly for remote employees. This lack of cohesion not only affected employee engagement but also influenced their long-term commitment to staying with ECI.
From these insights, ECI Software Solutions made three key changes to its onboarding process.
Harness the Power of Connections
The onboarding process is a critical touchpoint for new hires and sets the tone for their experience within the organization. Establishing meaningful connections early on can have a significant impact on how new employees perceive their role and the company as a whole. Countless studies show that employees who feel connected to their team and company culture are more likely to stay long term.
Creating opportunities for new hires to engage with colleagues across departments cultivates a strong sense of community. Structured programs like buddy systems, mentorship opportunities, and team-building activities are effective ways to foster these connections. By enabling new hires to build relationships early on, organizations can boost engagement and promote a positive work environment, which ultimately contributes to higher retention rates.
Increase Investment in OnboardingÂ
Studies have shown that a robust onboarding program can reduce employee turnover by up to 82% and improve productivity by more than 70%. A well-structured onboarding process gives new employees the resources, information, and support they need to succeed. This, in turn, increases job satisfaction and reduces the likelihood of early departures.
A comprehensive onboarding program goes beyond the initial orientation. It includes setting clear expectations, conducting regular check-ins, and offering ongoing training throughout the first few months. Investing in a well-rounded onboarding process not only helps new hires get up to speed but also demonstrates the company’s commitment to their professional development and growth. When employees feel supported from day one, they are more likely to stay with the organization and play a role in its long-term success.
Studies have shown that a robust onboarding program can reduce employee turnover by up to 82% and improve productivity by more than 70%.
Focus on Best Practices in Onboarding
To maximize the benefits of onboarding, companies should consider the following best practices for a well-rounded approach.
- Personalize the experience. Tailoring onboarding experiences to individual needs can make a significant difference. Understanding each new hire’s strengths, career goals, and learning styles can help tailor the onboarding process in a way that sets them up for success.
- Seek out continuous feedback. Seeking feedback from new hires about their onboarding experience allows organizations to make necessary adjustments. Regular surveys and one-on-one meetings can help identify pain points and areas for improvement.
- Communicate clearly. A clear and consistent communication strategy is essential. Providing new employees with a road map of what to expect during the onboarding process can help alleviate anxiety and build confidence.
- Integrate new hires into the culture. Introducing new hires to the company’s values, mission, and culture aligns their goals with the organization’s vision. This cultural integration creates a sense of belonging and strengthens long-term commitment.
- Leverage technology to streamline onboarding. Digital onboarding platforms, virtual training modules, and interactive tools help create a more engaging experience, especially for remote or hybrid employees.
The results of ECI’s new approach to onboarding are remarkable. The organization saw an 11-point increase in employee satisfaction, as well as significant improvements in engagement and retention metrics. By prioritizing the onboarding process, the company was able to create a more inclusive and supportive environment that positions new hires for success. This experience is a testament to the power of using data-driven insights to refine HR strategies. They offer valuable lessons that can be applied across any organization looking to enhance its onboarding process.
As companies continue to navigate the challenges of an increasingly dynamic workforce, prioritizing onboarding is not just a best practice; it’s a competitive advantage. By using data to drive decisions, fostering connections, and providing continuous support, companies can transform onboarding into a powerful catalyst for employee engagement and retention.
Andrew Pryor is chief human resources officer at ECI Software Solutions.Â
