By Stephanie Shaw
Onboarding, or organizational socialization, is a topic that can seem somewhat daunting for companies to embrace. Going beyond the simple employee orientation, onboarding ensures that new hires feel welcome and prepared, while giving them the confidence, trust and freedom to succeed in their new position. Most companies have some form of onboarding practice, but it is often regarded as tactical, rather than a strategic endeavor in the talent management process.
The Aberdeen Group, an organization that conducts business research, found in 2013 that companies are interested in re-evaluating their onboarding strategies. They found the top reasons for revamping onboarding practices were to improve new hire productivity (68 percent), engagement (67 percent) and retention (51 percent). Aberdeen also found that 90 percent of organizations believe that new employees make a decision on whether to stay at a company within the first year. This means employers need to make a great first impression and have a full year to make sure their top talent stays. Continue reading →