A tight talent market combined with an increasingly complex business environment makes it critical to invest in your company’s employees. With 41.8% of CXOs seeing increased employee turnover rates, according to our survey, it’s all the more important to boost engagement to limit the high costs of turnover. From investing in training on day one on the job to long-term professional development, CXOs can lead the charge — not only to mitigate turnover, but to foster a more deeply engaged and committed workforce.
Streamline Onboarding Processes to Maximize Retention
The employee onboarding phase is critical to determining retention. 28% of employees quit within their first 90 days of starting a new job. A well-defined and executed onboarding process is not only a chance to demonstrate the benefits of employment at your company, but also an opportunity to prepare employees for long-term alignment with company culture.
69.3% of CXOs reported in our recent survey that “clearly communicating and engaging with cultural values” is a best practice they apply during employee onboarding.
— PE-CXO survey
Underscore the strength of your organizational culture and vision with new hires as soon as possible. When new hires are supported as they navigate and understand culture during the onboarding process, that onboarding is
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