A Gallup report reveals that only 12% of employees strongly agree that their organization does a great job onboarding new employees. And the impact of this failure on retention can be huge, especially since nearly one-third of all new hires quit their jobs within the first six months according to SHRM. The key to keeping employees? Engagement. And it should start on day one.
One of the best ways to connect with new hires is with an optimal onboarding process. In addition to introducing the company, setting expectations, and providing training, employees typically have mounds of paperwork to weed through and complete in their initial days, which can overwhelm an already overloaded worker. One way to streamline these administrative tasks is with human capital management (HCM) technology.
HCM technology offers a host of benefits during onboarding, including:
- Ensure Compliance: With an automated system featuring workflows that issue task reminders and prompts, including email alerts to those that fail to complete materials, you’ll ensure all required forms and documents like benefits enrollment and tax paperwork are done, error-free, and submitted on time, every time.
- Build Buy-In: With an organized, simple, and responsive process, you’ll make a good first impression, which can have an immediate impact on morale. You’ll also boost new employee satisfaction by empowering workers and enabling them to complete the forms at their own pace, at a place and time convenient for them.
- Boost Productivity: By making the volume of organizational policies, procedures, and rules available online, employees can easily access the documents from a centralized location and read and sign them online so they can hit the ground running. HCM technology also frees up HR staff, who would otherwise have to distribute and walk employees through all of the materials.
- Drive Self-Service Familiarity: Introducing employees to HCM technology through the onboarding process builds their comfort and confidence with the technology. This foundation can translate into significant time and resource savings for HR down the road as workers who trust the system will embrace it for other purposes, including time tracking, leave requests, and more.
If you’re interested in HCM technology, download our white paper for five questions to ask vendors. Or contact Complete Payroll Solutions at 866.658.8800 to find out how our solution can create a smooth transition and seamless experience for new employees.