It takes over half a year to recoup the costs of hiring a new employee. Costs vary from money and time spent on recruitment to lost productivity. A conservative benchmark of the cost is 20% of the individual's salary, but costs can be much higher depending on the position. According to two recent Gallup polls:
This site consists of tools that managers can use to enhance the new hire experience and improve retention, thereby reducing costs, improving employee morale, and increasing organizational performance.
Use these resources to develop onboarding practices for your new hires, and assist in their professional development:
