APTY.IO | MAIN BENEFITS OF EFFECTIVE EMPLOYEE TRAINING AND ONBOARDING

1. MAIN BENEFITS OF EFFECTIVE EMPLOYEE TRAINING AND ONBOARDING Apty.io

2. Introduction Developing an effective employee training and onboarding program has tremendous benefits, but many companies don't have a well-developed onboarding plan and even the budget for onboarding. But the companies that do invest the time, money and staff into developing effective onboarding program experience: • Improved employee retention • Decreased turnover expenses • Increased productivity

3. Onboarding Benefit 1: Improved Employee Retention • Half of all hourly employees will leave for a new job within the first 4 months, while half of all senior outside hires fail within year and a half.2 • Almost 70 percent of employees are more likely to stay with a company for three years if they experienced great onboarding.2 An effective onboarding and training program encourages employees to stay engaged by helping them feel connected to the company and culture and increasing their confidence in how to do their job. Source 2

4. Onboarding Benefit 2: Decreased Turnover Expense • The organizational costs of replacing an employee is one to three times the employee’s annual salary.  3 • A natural benefit of increasing employee retention is decreasing turnover expenses Lattice CEO Jack Altman says companies should look at four areas when determining the real cost of turnover: • Cost of hiring • Cost of onboarding and training • Cost of learning and development • Cost of time with unfilled role Source 3

5. Onboarding Benefit 2: Increased Productivity • Businesses in the United States and United Kingdom lose an estimated $37 billion each year from employees not understanding their jobs. 2 • Only two-thirds of companies are training new employees as a part of an onboarding program. • Even companies with onboarding program often failed to implement best practices: • Only 58 percent of companies provide clear job titles and set expectations for employees. • Only 39 percent of companies measure onboarding and productivity by setting milestones and establishing goals for new employees. • 10 percent of companies reported no onboarding and retention best practices at all. Source 2

6. Oftentimes, the lack of a robust . . . assimilation process leaves the new employee confused and disoriented. Bill Conaty Former S.V.P. H.R at General Electric #Donotletthishappen #TrustAPTY

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