How automated onboarding boosts employee retention?

On the part of Human Resources, many organizations understand that one of their main goals should be to reduce employees’ time in getting onboarded to their new roles. This is where automated employee onboarding comes in. 

It automates many of the standard tasks typically performed during first-time learning, such as conducting interviews with potential hires before they are hired or even assisting with finding benefits relevant to an individual’s job duties.

Automated employee onboarding can be an efficient tool for quick implementation at large and small companies across sectors. It could also be used with other innovative HR practices, such as self-service or remote work.

Automated employee onboarding is usually a combination of HR technology and implementation processes. These processes allow for automated information sharing, which guides new employees through the implementation process from their first day on the job.

The ultimate goal of automated employee onboarding is to improve the quality and efficiency of new onboarding. It enables individuals to be more comfortable with their new roles and perform tasks more efficiently. 

Benefits of employee retention 

Higher employee retention rates are one of the indicators of a happier workplace and can even help you reduce costs. It’s not just you who will benefit from increased employee retention rates; your company culture is bound to improve when staff value their job and don’t see it as a stepping stone or temporary stopgap. Before understanding how automated onboarding boosts retention, let us examine why employees need to be retained. 

• Reducing staff turnover

Reducing staff turnover means you won’t have to go through the inevitable costs and process of hiring and training employees and then losing them.

• Reduces costs

When employee retention is high, managers can reduce the cost of recruiting, training, and retaining new employees. This keeps the company budget in check and decreases expenses for both current and future employees.

• Smoothens business cycles

In a volatile economy, retaining existing employees produces a solid knowledge base that helps smooth rough patches in a business cycle and creates stability when it’s most needed during difficult economic times.

• Talent development

If an organization has retained its people over the years, those people can be tapped for their experience to guide how new hires should be managed so they succeed at their job from day one. Additionally, this talent pool is a source of talent development for current employees and an opportunity for employees to advance within the organization.

• Competitive advantage

Employee retention also represents a competitive advantage as it helps keep internal competition to a minimum and helps employees focus on doing their job.

• Progressive business model

A business model that excels at recruiting and retaining new employees is dedicated to understanding the business needs of current and prospective customers/clients. This translates into keeping up with the times through technology used, including social media, video conferencing, and other technologies.

• Increases morale 

Asking for employee retention increases employee morale as people can see that their company values them to keep them around for future work.

• Qualified candidates

Although it requires a longer decision-making process, employee retention helps produce qualified candidates for internal positions or positions in other organizations that the company may need to fill.

How automated employee onboarding increases retention?

What does employee onboarding software have to do with employee retention rates? 

Investing in this software can save money in the long run by reducing staff turnover and increasing productivity. Not only does this make sense for business owners, but on an individual level, your company culture also benefits from having happier employees who enjoy their jobs.

The excessive workload in the human resources departments makes it difficult to hire new employees and retain old ones. Several best practices can be used to streamline onboarding processes and decrease turnover. Automated employee onboarding is one such method with the potential to increase retention rates.

The top two scenarios of brand-new hires leaving their employment before the 90-day mark are due to a lack of training or because the employer needs to take an interest in ensuring that the employee feels welcomed or appreciated at their job.

New hires leave their job within the first six months because of a lack of training or mentoring, a bad boss or a toxic work environment, and inadequate on-the-job training. Companies may be losing out on high-performing employees simply because they need to take the time to provide them with proper training.

By automating employee onboarding, HR can ensure that every person hired is provided with the adequate training and development needed to improve their performance. Since human resources are not required to take care of this aspect, they can focus on other aspects of the onboarding process, such as updating the hiring managers about new hires’ progress.

Automated employee onboarding allows companies to organize their workforce into Channels:

• Permanent channel

For employees who are becoming a part of the company’s permanent workforce. HR can ensure that these employees will receive all necessary training, including those on new concepts and technologies, within the first month or two while they are still in the company’s network.

• Interim channel

For employees who only have a temporary assignment at the company and are in between jobs. HR can ensure that these employees receive the same training and information as the Permanent channel.

• Public channel

These are employees who are not in the company’s network and have no immediate plans to be employed by the company. In this case, HR can check with prospective employees to confirm that they have received suitable training within the past 90 days and are eligible for hire.

The need to automate employee onboarding processes is evident. Companies cannot afford to lose even one employee if they plan to grow and expand their workforce.

Human Resources can use an automated employee onboarding tool like Juntrax to help consistent managers responsible for the whole process. This way, a consistent approach can be developed as new employees begin at the company, helping the HR manager handle human resources much more efficiently.

Employee onboarding is a standard procedure for newcomers to an organization. With Juntrax, you can boost retention rates with a user-friendly onboarding process. Also, with Juntrax, employees can get training in maintaining timesheets.