Company demand for this position has grown 50%
Burning Glass reports that demand for Onboarding Specialists is on the rise. This comes as no surprise. The war for new and emerging talent is a bloody battle leaving many workforce development professionals defeated. According to Harvard Business Review, almost 33% of new hires start searching for a new job within six months and 23% of new employees leave their job within the first year. That is a large portion of company troops to lose in a year.
As the demand for top talent intensifies, companies understand the strategic need to pay closer attention to tactical skills such as Onboarding. If the point of entry is not well executed, new hires will be left to flounder and, eventually, walk off into the sunset.
Employee turnover is expensive. Organizations pay direct exit costs when an employee leaves, but they also incur additional costs to recruit and train new hires. Onboarding helps new hires to feel like they are part of the team, understand how things are done and how their role contributes to the overall success of your business resulting in:
- Reduced employee turnover
- Increased productivity
- Defined roles
If you have solid Onboarding practices, we commend you. But, we have to ask: How long is your Onboarding process? For most companies, it is brief and often confused with “orientation.” As HBR expert Ron Carruci points out, the first year is a new hire’s most vulnerable period. The most successful companies adhere to a full-year program, and “focus on three key dimensions: the organizational, the technical, and the social. By using this integrated approach, they enable their employees to stay, and to thrive.”
Carruci further explains how organizational onboarding helps to teach them how things work and helps them assimilate. Technical onboarding defines what good looks like and sets up early wins. And, finally, social onboarding builds a sense of community.
Franklin Apprenticeships follow this same extensive protocol when executing our apprenticeship programs. Beginning with recruitment and progressing to the deployment of dedicated Success Coaches and eportfolio tools, our programs streamline structured onboarding processes for sustainable success. That is one of the many reasons that 90% of apprentices stay on in their place of work after completing an apprenticeship.
Curious about how to weave apprenticeship into your employee retention process? Need help creating an onboarding process into your organization through apprenticeship?
At Franklin Apprenticeships, we are here to help employers build their workforce, so companies can focus on building their business. We have the tools, technology, and network necessary to build, execute, and manage modern apprenticeship programs that fit unique organizational requirements.
Contact Franklin Apprenticeships today and learn about our Digital IT Help Desk, Network Engineer, and AutoMOtive! Apprenticeship programs!