Why 25% of New Hires Leave Within a Year and What You Can Do About It

[ssba]

Employee RetentionWhat do new hires need most? Join us as we discuss what a recent study has revealed about employee retention.

 

According to the 2012 Allied Workforce Mobility Survey, if you hire 8 new employees 2 of them will be gone within the year. Within a few years, you’ll lose a few more of the remaining 6. Sobering information when you think about the time and cost of bringing on a new employee.

The obvious question is why would someone leave a job so soon after being hired?

According to the study, poorly planned onboarding is a significant factor in new employee turnover. They discovered only half of companies provide clear expectations for new hires, less than half set clear goals and milestones, and 10 percent do not have an onboarding process at all.

Successful onboarding corresponds to longer tenure and higher productivity all around. Onboarding practices seem intuitive but unless you have a specific plan, a lot of details will get lost. Keep these 3 areas in mind when you’re planning to onboard a new employee and you’ll have the foundation for a good onboarding program.

A Clear Vision for the New Hire

If the leadership doesn’t have a clear plan, a lot of pressure falls on the new hire to figure out exactly what they should be doing. When considering a new position or filling an old position, take time to set clear goals so you provide adequate training.

Seems obvious? You’d be surprised how many companies skip training a new employee.

The First Day

Arriving at a new job on the first day is daunting. You smooth the way for an easy start by having the office prepared for a new employee.

Your welcome doesn’t have to be exorbitant. Make sure they have the necessary tools, include a personalized name tag (when applicable), and consider a welcoming gift.

When the new hire arrives, give a tour of the office and introduce them to their coworkers. Onboarding can be really simple but you’d be surprised how many companies forget this process and pay the consequence in employee turnover.

Follow-Up

New hires won’t immediately feel comfortable asking questions and bringing up concerns. One way to let them know their questions are welcomed is to schedule time to check in. This can be a time to talk about any resources they need or concerns they have. You might also use this time to talk about goals.

Need a personalized name tag or employee gift for your new hire? Check out our inventory and get in touch to make an order.