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Guide

Why Your Business Can’t Afford an Outdated Onboarding Process

Key Takeaways

  • Only 12% of employees strongly agree their company does a great job onboarding new hires.

  • It costs an average of $50.18 to manually onboard a new hire.

  • Employees are 3.4 times as likely to strongly agree onboarding was exceptional when managers take an active role in the process.

  • The right self-service onboarding tool lets new hires easily complete important tasks before their first day.

Onboarding sets the precedent for a new hire’s entire experience. Unfortunately, only 12% of employees strongly agree their company has an effective new hire onboarding process, according to Gallup.

The onboarding process doesn’t have to work against engagement. But positioning it as a tool to excite employees about their future requires us to redefine what it means. The process shouldn’t be a generic step that’s boring for employees. Rather, it should be the pivotal moment when new employees:

  • adopt the company vision
  • learn about their role
  • commit to their purpose

So how do companies capture onboarding’s potential and transform it to a platform for engagement? It starts by identifying where a manual employee onboarding process fails.

How does self-service technology improve onboarding?

The right self-service onboarding tool empowers new hires to complete necessary tasks before their first day. Ideally, the process should be part of a truly single HR software. This allows data to flow automatically from onboarding to payroll, benefits, development and more.

Self-service tech also reduces the tasks and work hours associated with onboarding. In fact, Ernst & Young found the total of all onboarding tasks — like gathering I-9, W-4, contact and direct-deposit information — costs an average of $50.18 per employee.

Involving employees in onboarding also helps minimize “the gap,” or the period between when a new hire accepts your offer and their start date. Businesses could expect more no-shows and increased costs without tools to minimize the gap and engage employees sooner. Losing employees to the gap is particularly painful when you consider the average employee costs $4,700 to hire, according to the Society for Human Resource Management.

Ultimately, your onboarding process should accomplish these five goals:

  1. Set accurate expectations about work.
  2. Give employees reasons to get excited about your company.
  3. Introduce new hires to their co-workers and leadership.
  4. Familiarize new hires with company policies and procedures.
  5. Continue to support employees through onboarding and beyond.
To learn more, download the Why Your Business Can’t Afford an Outdated Onboarding Process guide.

Key Takeaways

  • Only 12% of employees strongly agree their company does a great job onboarding new hires.

  • It costs an average of $50.18 to manually onboard a new hire.

  • Employees are 3.4 times as likely to strongly agree onboarding was exceptional when managers take an active role in the process.

  • The right self-service onboarding tool lets new hires easily complete important tasks before their first day.