The minimum cost of a new hire is approximately $50,000. In a study done by Bamboo HR with over a thousand people, 31 percent 0f respondents had quit a job within six months of starting it. And a “steady stream of employees left from the first week all the way up to the third month.” That’s why a well thought-out onboarding checklist is a necessity for reducing turnover and the cost of new hires. So, what do new hires really want in their first week to increase their chances of staying with your company? Here are 4 things they’re looking for:
- 76 percent want on-the-job training
- 73 percent want a review of company policies
- 59 percent want a company tour, as well as equipment setup and procedures
- 56 percent want a buddy or mentor to look to for help
Does your onboarding checklist have these items? Growth Everywhere blog states the new hire’s situation perfectly: “Not only are your new hires deciding whether or not they want to work for your company, but they’re deciding whether they like the type of job they accepted.” That’s why it is crucial to provide new hires with the tools and experience they need to feel comfortable and excited about being a part of your organization.
Bamboo HR uses a method called the Three A’s for their onboarding checklist:
- Accommodation – Is everything ready for the new hire when they arrive?
- Assimilation – Is the new hire given the opportunity to personally connect with your staff?
- Acceleration – Is the new hire provided with on-the-job training and development opportunities?
Your onboarding checklist should cover all of your bases to make sure your new hires are satisfied with the company and the job as early as possible.
Get better insight on what your employees are looking for in a job position with the TalassureQ, Talexes’ entry-level employee assessment. For more details about our employee assessments, contact us today.