Hidden Costs Of Onboarding New Employees And Ways To Avoid Them
The cost of hiring a new employee is calculated by most organizations on a regular basis as it helps them to assess and assign a realistic budget for the recruitment process. Since employee onboarding forms an integral part of the recruitment process, any hidden costs associated with the process need to include in the overall hiring cost of employee in Germany. In order to ensure the same, it is essential for hiring organizations to first gain a better understanding of the below-discussed factors that make up these hidden costs. u2022tProvisions For New Employees During Onboarding u2022tDeferred Productivity Of New Employees u2022tEarly Turnover Of New Employees The decision of an employee to quit the job during or after the onboarding process turns weeks of effort and hard work of the hiring organization to dust. In such situations, the organizations generally focus on the loss suffered by them in terms of the amount calculated by professionals of payroll Germany in lieu of the salary and benefits of the employee. However, they tend to overlook the loss of administrative time, paperwork and resources invested on the employees during the onboarding process. In order to avoid this hidden cost and prevent the early turnover of the employees, it is important for the organizations to follow a more intentional and structured onboarding process. Such a program helps in establishing clear expectations for the employees and prepares them to attain success in their new role and environment besides enhancing their confidence and sense of self-assurance.
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