by: Ian K. McEwen
In this series of articles, we have talked about: promoting your business to prospective employees; establishing a proper and meaningful job description; conducting effective interviews; and checking references. Now that you have made the hiring decision, what do you do to retain employee loyalty? It starts with making a proper, meaningful and memorable introduction of a new hire to your business.
During the first week or for that matter, the first six months of employment, both you and your new employee are evaluating each other. Each of you wants to get off to a good start to solidify a long-term relationship. Studies have shown that new employees who participate in a well structured orientation program are 70% more likely to remain with their employers for 3 years or more. Here are a number of key steps for consideration.
People do get attracted away from your business if your compensation and benefits are not competitive. But, starting your new employees off with a solid foundation will prove worthwhile by thoroughly integrating them into your entire organization. You have spent time and money finding the right person, your investment shouldn’t stop there. Start building employee loyalty Day 1 with a well designed orientation program.