Creating an exceptional onboarding experience is crucial for new hire retention, which is why crafting a successful 90 day onboarding plan is so important. After all, 69% of employees are more likely to stay at their job if they have an excellent onboarding experience.
Not only that, but the costs of finding and onboarding an employee replacement are high. In fact, SHRM estimates it costs companies 6-9 months of an employee’s salary to acquire a qualified new hire and get them up and running. So what can you do to create a 90 day onboarding plan that will impress your new hires?
With strategic employee onboarding, the transition from new hire to valuable team member takes place in the first 90 days.
Boosting engagement, optimizing productivity, and increasing employee retention, a strategic onboarding program sparks this new hire metamorphosis. But the transformation doesn’t just happen with the luck of time. It takes a clear, structured onboarding program to reach your new hire goals.
Here’s the 90 day break down to gaining valuable new team members through employee onboarding.