The single most important process for retaining new employees is an effective induction process, and here are three great reasons why!
Continuing your Hard Work
The recruitment process can be arduous and costly, and if you’re enthusiastic about a new employee (which you most definitely should be!) you need to continue this investment after they are hired.
Employee engagement is an ongoing process, but it is most vital in those first turbulent months when an employee is finding their feet.
Of course, we’re all aware of the costs involved in recruiting – each employee is an investment, and if they’re not properly nurtured, it could cost you over £30K to replace them.
The probation period is a time when your employees are most vulnerable to poaching from rival companies. The notice time during probation is quite short, sometimes as little as a week; and employees will want to cut their losses early if they don’t feel that this role is the right fit for them.
A new role can be intimidating and a sense of insecurity can trigger a flight response. For a permanent position the probation period can last 3-6 months, so that’s plenty of time for an employee to jump ship if they feel like they’re not being looked after.
Much can (and should) be done for cultural fit during the vetting and interview process, but you never really know if someone fits into the company culture until they work there.
Having said that, people need to be given a change to integrate effectively.
If they are not immersed in the culture, invited into the fold, aware of the processes, and properly integrated into the team, they won’t really know the culture and can’t be expected to fit in.
Your induction pack should include all the pertinent information (see next week’s blog for more details) about your company, and is an opportunity for you to present your organisation in a way that you can dictate – so don’t miss the chance to leave a lasting impression.
In short, you should not forget that the on-boarding process doesn’t end when an employee starts their new job, and that a sophisticated induction process will help to increase employee engagement and retention.