When a post in your company demands to be filled, you need to make sure that the top most talented candidate occupies the spot. As the process of hiring involves an investment of a lot of money and time, desiring a high-caliber is the least any recruiter can expect.
Onboarding is a process that involves a series of events and training all required to transform a newbie into a fully functioning, highly productive employee. HR onboarding is a major step toward incorporating a recruit into the company.
Now that we know what these two terms, ‘onboarding’ and ‘hiring’ are, let’s understand the correlation between the two.
Reasons for the requirement of hiring the right match for your firm:
Finding the appropriate candidate is very crucial. Quality staff plays a significant role in determining a company’s success. As every employee, from the front desk to the executive suites, represents a different aspect of your company to customers and the general public, improper hiring could end up costing you a fortune. Here are a few reasons for which you should ensure better hiring:
When you hire the appropriate candidates, you need not worry about whether your employees are completing their tasks correctly instead, you can concentrate on managing your company.
Reasons why a good onboarding is necessary:
But what does a good or bad onboarding does to employees:
Onboarding aims at catapulting recruits to the orbit of productivity in a very lesser amount of time. But if the process is poorly planned, then it has the capacity to lower your employee’s confidence, and competence and might even reduce their engagement in the company. This in turn increases employee turnover. On the contrary, if the onboarding process is apt., then it might lead to employee retention of up to 50% and an increase in productivity by 62%.
Better onboarding and hiring the right talent go hand in hand. Hiring the best candidates but failing to provide an effective onboarding program may result in demotivated employees and ultimately higher employee turnover. Research by Silkroad suggests that approximately 9% of the employees left their company just after a few months of joining it and almost 37% of the employees stated that their managers did not play any significant role in the most important training program. Therefore, if as an employer you pay attention to both factors, it will lead to a successful business.