How to Create a Successful Employee Referral Program
Referral programs shouldn't be your sole recruitment tactic but there are several advantages to creating a successful one. Let's get into it!
Searching and hiring talents to join your expanding team is essential, but the actual test lies in their onboarding. Will these new hires contribute to your organization?
Or will they be a painful expense you’ll have to cope with?
Although their skill will also play a factor, how you induct them into your organization, structure, and goal will also matter.
Because onboarding is so crucial, we can’t help but wonder; how do big companies welcome their new hires?
Most importantly, can you take a leaf out of their book and build the most efficient and effective onboarding process, even if you’re a small or medium-sized company?
Let’s find out.
The core of your company is its workforce. Show your employees that you value them immediately to improve employee retention and keep them content.
Successful onboarding programs not only provide new workers a sense of belonging to the team but additionally, they will comprehend procedures and how their job affects the overall performance of your company.
Here are just a few more advantages of onboarding in case you’re still not convinced:
1. Productivity boost
Once they have completed the onboarding process, new hires are up to speed with those who have worked for the organization or longer.
Instead of figuring everything out independently, individuals may reach higher productivity levels much sooner, thanks to this.
The time it takes for new hires to attain their maximum productivity levels without onboarding is somewhere between 8 and 12 months. Losses of 1% to 2.5% of a company’s overall revenue are possible due to this.
Employers benefit from new hires’ higher productivity thanks to onboarding. As a result, programs for new employees that last the longest are the most effective.
Most businesses usually dedicate two months or less to the onboarding process, and some don’t involve any training for recruits.
2. Anxiety and stress-reducing
All of us have gone through it. A new employee can experience a lot of stress.
Employers can lessen this stress by giving their new workers all the information they need to perform their job duties.
Employees that undergo a successful onboarding process are happier.
It improves employee socialization and communication skills training. By participating in onboarding, people can learn how their responsibilities fit in with the rest of the workforce.
It makes it easier to develop friendships, which are crucial to a fulfilling working life.
Orientation events give new employees their first impression of the business and a glimpse into what it would be like to work there. These days must be joyful, hospitable, and educational.
3. Lessens turnovers
In actuality, 22% of newly hired employees and 33% of new hires will continue to hunt for new jobs during the first 45 days and the first six months of their employment, respectively.
But turnovers can be easily prevented.
When workers are engaged, they are less inclined to quit their jobs.
What can you do to start building employee engagement faster? A solid onboarding process!
Involving them in the company’s ideals and introducing them to it helps new hires get acquainted with the business. They’re far less inclined to abandon your company to seek employment elsewhere because of this.
Successful onboarding programs provide an excellent employee experience beyond the standard welcome emails even before new hires have their first day on the job.
Many businesses may struggle with investing in employee onboarding, but some stand out.
1. Google
At Google, they’ve discovered that team-level employee onboarding outperforms a centralized strategy.
Google has also taken the initiative to measure outcomes from its onboarding activities with actual data.
Although different teams have slightly different onboarding procedures, the Google method continuously uses data and experimentation to enhance the process.
2. Eventbrite
Because of its excellent onboarding, Eventbrite has been able to preserve its brand identity and integrity even as it has expanded abroad.
Connecting new hires to everyone in the company is one of the stated objectives of their onboarding program.
The HR staff at Eventbrite posts recruit profiles all over the office so that coworkers can rapidly become familiar with the names and faces of new hires and greet them.
For individuals who joined within the last three months, the HR staff also throws a new-hire social every quarter to network with other new team members.
As a result, new employees have a sense of belonging to Eventbrite and a desire to contribute to the workplace culture.
3. Twitter
The goal of Twitter’s onboarding program for new employees is to make the ‘Yes to Desk’ time as beneficial and inviting as possible.
This spans the time between a new hire accepting an offer and showing up at their “Desk.” Without the right technology, ramping up new hires can take a lot of HR time during planning and onboarding operations.
A T-shirt, bottle of wine, and the employee’s email address are ready before they ever sit down.
Desks for new hires are placed thoughtfully next to the essential coworkers they will be collaborating with.
The thing about Google, Twitter, and Eventbrite is that they’re some of the globes biggest companies.
They can afford to go all out when it comes to employee onboarding. Meaning they can do all the social gatherings and new hire kits to make their employees welcome a special one.
But what about small to medium-sized companies that may not have the budget for these extras? There are strategies you can adapt to your onboarding process:
1. Start early
Adapting Twitter’s “Yes to Desk” strategy, ensure everything is set up before the employee’s first day so they can get started immediately.
2. Live up to your company culture
Make a significant effort to instill a sense of belonging and alignment with the company’s values in new hires.
3. Involve the team
Get the employee interested by welcoming them into an open-minded, communicative team that values diversity and will benefit from their ability to fit in well.
4. Have a roadmap
By providing new hires with a clear and organized roadmap for integrating into the organization, you can help them succeed and be productive in their new positions.
5. Provide pertinent information
Provide new hires with the appropriate training materials, practical skills, and information, so it’s manageable for them to navigate the workspace and collaborate with coworkers.
For small to medium-sized businesses, you may be onboarding an international (and remote) team, or you may not have the ample resources to let your HR focus entirely on the process.
And that’s okay because Hezum is here to help you.
With Hezum’s New Hire Portal, your rookies can log in, read and manage their corporate paperwork, and comprehend what will happen during the onboarding process.
The streamlined process makes them experience a sense of belonging that motivates them to be effective immediately.
It doesn’t have to be difficult and time-consuming to onboard new employees. With highly visual and straightforward workflows that ensure everyone is aware of what is happening, you can ensure that your employees and HR staff are all on the same page through the entire process.
And because the whole team is involved in the onboarding process, ensure your new hire completes their onboarding to-do list with the task completion feature.
There’s a lot more Hezum can do to assist your HR team. If you want to know more about our solutions, visit our website today.
Referral programs shouldn't be your sole recruitment tactic but there are several advantages to creating a successful one. Let's get into it!
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