HR Training 2021 - Onboarding Best Practices for Millennials and All Employees

Overview:
Reducing turnover and fast-tracking new employees to productivity is a key business imperative. The reality is that about 30% of employees don't make it past their first year and it's expensive.
Good recruitment and hiring can be quickly undone by disorganized poorly executed new employee orientation. And as millennials become a driving force in the workplace, they represent special opportunities and challenges.
Every generation has unique needs and Millennials are no different. But good onboarding practices for Millennials is generally good for everyone. This is an opportunity to step up our game. The research is clear; a systematic comprehensive onboarding process is good business. In fact formal onboarding increases the chance of keeping a new employee for at least 3 years by 69% and one study showed employees were productive two months earlier with an effective program.