The first 45 days of employment are the most critical for organizations. This is when nearly a quarter of staff turnover happens. Plus, the cost of losing an employee within the first year is at least three times the salary.
But studies show it’s taking much longer for employees to ramp up and get work done. 89% of new hires say they don’t have the optimal level of knowledge to do their job, and the typical mid-level manager takes 6.2 months before they start to add more value than they have consumed. That’s a lot of time wasted. In fact, IDC estimates that the average worker spends up to 35% of their time just looking for information in general.
A day or a week of employee orientation is typically not enough. Effective employee onboarding is a much more in-depth and ongoing process.
Businesses using enterprise social networking, however, are seeing accelerated learning from day one. These platforms empower employees to discover who knows what and what is where within their organization. Businesses use this technology to:
– Reduce costs and resources associated with learning the job
– Save managers time when it comes to training new employees, thereby increasing productivity
– Boost morale and reduce turnover by giving employees a knowledge-sharing community
In general, employee onboarding needs to be simple and easy. Managers shouldn’t feel burdened with the task, and businesses shouldn’t spend a lot of time and money on training. Effective onboarding enables employees to easily navigate and access the people, files, data and conversations they need to start making an impact from the beginning.
Seeing is believing though. Take tibbr for a test drive, to see how it can help your employees today.