New Employee Retention Program
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:
- Only 30% of employees in America feel engaged
- Organizations in the highest quarter vs. the lowest quarter of employee engagement have higher profits, better customer ratings, less cases of theft, and fewer safety issues.
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: