Poor onboarding is the enemy of good hiring
The world of hybrid work is here, and the usual 10-minute intro call, swag bag and first-day team lunch are just not enough to make your new employee feel welcome.
While many companies have found a way to interview and select candidates in a fully remote environment, fewer have spent time and resources on aligning the pre-boarding" and onboarding process for the new hybrid world of work. Many employers still rely on old ways of welcoming new hires, despite our totally changed work environment.
It's important to capitalize on candidates' enthusiasm and eagerness from the moment the offer is signed, instead of when they log in on Day One.
In our experience at Greenhouse, where we help companies as diverse as BuzzFeed, HubSpot and Intercom hire talent across their organization, first impressions can make or break a candidate's chances of staying at a company.
In fact, 69% of employees will stay for more than three years if their onboarding experience is good, while 20% will leave within 45 days if it's bad. That difference is costly, as it takes, on average, around $4,129 and 42 days to fill a position.
Replacing someone can cost up to 50%-60% of their annual salary. At the same time, 58% of organizations said they were guilty of centering their onboarding processes on administrative and paperwork requirements alone.
Here is how we advise our clients to set up every new hire for success right from the start.
The company's Day One comes long before the candidate's Day OneMost of us can remember the excitement (and anxiety) of receiving and signing an offer for a new job. It's important to capitalize on candidates' enthusiasm and eagerness from the moment the offer is signed, instead of when they log in on Day One.