- 22% of new employee turnover occurs in the first 45 days of employment. (The Wynhurst Group)
- In the first 6 months new employees make their decision whether or not to stay. (Monster.com survey)
- The cost of losing an employee in the first year is 1 ½ to 3 times their annual salary. (The Wynhurst Group)
These are daunting facts. As a result, your process of recruiting and on-boarding a new employee is absolutely critical. It is one of the only ways you’ll get great employees who are a good fit for your company and a good fit for their position and will stay with you for a significant period of time.
In this System of the Week training we are highlighting a series of processes from The TouchStone General Process Library that every business needs and can benefit from: Recruiting, Hiring and On-Boarding New Employees.
With the On-Boarding New Employees process you will find work plans for the 1st Day, first 30 Days, and first 60 days of your on-boarding and new employee training procedures.
In addition, you will learn how to use your existing job descriptions to guide your on-boarding training process.
Click on the link below to watch our System of the Week Video for Recruiting, Hiring and On-Boarding New Employees.