To retain new hires, improve your onboarding process

Focus on these three key types of onboarding to increase your retention rate.

istock

istock

This year, the unemployment rate in the U.S. hit a 49-year low of 3.7%. The demand for companies to retain top talent is intensifying. One report suggests that employee retention is the number one issue on the minds of CEOs today — not just in the U.S., but around the world. And yet, companies often spend very little time onboarding new hires. With up to 20% of staff turnover occurring within the first 45 days of employment, a standardized onboarding process is essential.

Read more at Harvard Business Review.

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