Hiring a new employee is a delicate process which takes time, money, and effort! Society for Human Resource Management (SHRM) has found that hiring a new employee can cost an average of $4,129, or up to 20% of their annualized salary. SHRM also found the hiring process typically takes 42 days. Finding that perfect placement is crucial, however, once you have found them the work is far from over. According to Tinypulse’s research, 22% of employees leave within the first 45 days of starting a new job. Your company needs a strong and effective onboarding process that goes beyond the new-hire paperwork, otherwise you’re setting up your organization and your new employee for failure. How can you effectively retain your newest talent?
Read further for tips on retaining your new team members:READ MORE