Employee onboarding is the process of integrating a new hire into an organization's people, policies and processes quickly, so they achieve their potential fast and become a contributor to the success of the organization.
In today's candidate-led, remote-work driven market, around 20% of new employees leave within the first 45 days of employment due to poor onboarding. This is because most of today's onboarding, though digital, is hampered by slow collaboration between departments, manual follow-ups from multiple internal apps and heavy administrative work for your People Ops team.
An effective, efficient and engaging onboarding process improves retention rate by 82% and increases productivity by 70%.
But more importantly, a good employee onboarding process saves time and automates the manual work for the People/HR Operations team while ensuring the new hire is seamlessly integrated into the organization.