New Employee Induction Manual Launched
Some of the most common problems our clients bring to us are problems with onboarding their new employees. They struggle with either drowning new employees, or “just winging it” which results in inconsistencies and missing essential information.
Why is that a problem? The first few days in a new job creates a clear impression of what it is like to be part of your business.
The induction process you use and the steps you follow tell your new employee if you are organised, professional and care about your staff. It highlights your work culture and demonstrates if you walk your talk in terms of living your espoused work values.
When done correctly, employee induction lays a firm foundation for the future of the employee with your business.
Induction as a retention strategy
Sometimes a few statistics can help explain a situation. Studies show that companies lose 17% of new hires within the first three months of employment, and 20% of all employee turnover happens within the first 45 days of employment. 86% of employees say that their decision to stay with a company long-term is made within the first six months of employment.
A 2007 study from the Wynhurst Group found that “newly hired employees are 58% more likely to still be at a company three years later if they had completed a structured onboarding process.”
Induction as a productivity strategy
It takes new hires 8-12 months to gain full job proficiency, and the lost productivity costs due to new hire learning can cost 1-2.5% of total business revenue. High turnover increases these costs even further.
Effective onboarding has been shown to increase employee performance by up to 11%.
Induction as a financial strategy
Turnover within a company can often be linked back to a poor initial induction process and turnover costs, on average, two times the annual salary.
Each person that you lose costs double their salary to recruit, hire and train. Each person that you lose costs your business money.
In other words – if you want higher productivity, profitability and employee retention, it pays to invest in a thorough induction process for your new employees.
New Employee Induction Pack
Because it is such an area of challenge for SMEs, we have put together a comprehensive new employee induction pack containing:
- New Employee Induction e-book – packed full of handy tips, strategies and advice on how to run an effective induction.
- New Employee Induction Manual – This comes from our popular New Employee Orientation Manual Template, and contains the perfect overview for your new hires. All you need to do is search and replace with your business name, read over it to make sure it matches your business and you are ready to go!
- New Employee Induction Forms – All the essential forms and checklists to get your new employee off to a great start!
This is a huge pack and like all our products, it is competitively priced. Other sites offer the pack for $250+ GST. We are offering it for $127 Incl of GST as we believe all businesses should be able to afford good HR.
Check out our New Employee Induction Manual and download it today!
But what about existing clients?
We have updated all versions of our Instant HR Policies and Procedures Manual sold after today to include the full New Employee Induction pack as a bonus.
For our existing clients, we have updated their HR Forms and Orientation Manual Templates to reflect the new pack. There will also be an email will be going out to all existing manual owners with a super deep discount offer for the book – so watch for that one in your in-box.
