Five Company Induction Trends that can Put You out of Business

Getting new starters up to speed as quickly possible should be the goal of every company.  Yet, sadly, most companies tend to induct new starters with boring reading materials and little training support.

Making new hires feel welcomed and valued needs to be the principal induction objective for every company.

Why?  Here are five reasons.

1. First impressions count - Inductions represent the most teachable moment you will even have - so use it wisely.

2. Induct well or perish - 25% of new starters make the decision to leave in the first week of work.  Some reasons include "boring"  and " sink or swim" induction processes.

3. 47% of new employees leave after 90 days - 60% of respondents in the Recruitment Solutions survey indicated that improvements to induction are a priority area to stop new talent leaving.

4. The cost of early leavers is high - It can take as long as six months to get a return on your investment after a new starter leaves.

5. 54% of companies surveyed by Taleo Research have inconsistent induction training.  This has a big impact on productivity and also your safety culture.

The faster new employees get up to speed, the faster they can contribute to your bottom line.

And with a talent shortage forecasted to be at the end of the year, it makes sense for companies to overhaul their induction process now, to ensure that they are the company people want to work for.

And improving your induction process doesn't have to be difficult.  Sometimes, it can be as simple as introducing formal inductions that includes as much visually appealing training materials as possible, to improve engagement.  This can be as easy as including photos and diagrams in your training, as well as training videos.