Why New Hires Leave (And How To Keep Them Around)

 In Topics of Interest

Here’s a shocking statistic: In this tight labor market, 33% of new hires will leave their jobs within the first six months and 25% will leave within the first year. Those are not favorable odds for the house.

It’s never been easier to find a job or harder to keep top talent.

According to Gallup’s 2017 State of the Workplace study:

  • 42% of employees feel it’s a good time to look for work, compared to only 19% in 2012
  • 51% of employees are actively watching for job opportunities
  • 35% of people have changed jobs within the last three years, and 91% of employees left their company to do so

So how do you create a workplace new employees want to be a part of – long term?

It starts with the initial impression candidates have of your organization from the recruiters, to the interviewers in the hiring process and most importantly to the employee experience during the first 12 months on the job. According to Gallup, only 12% of employees feel their organization does a great job of onboarding.

So why is Onboarding underfunded at most companies?

Unfortunately, many organizations see orientation as an administrative function – making sure employees have security clearance, get their pass card and know where the bathrooms are located.

According to Allied Workforce Mobility Survey of 500 human resources professionals from 49 states and the District of Columbia:

  • 22% of companies didn’t have a formal onboarding program
  • 33% spent $0 on onboarding
  • the average spend/employee for onboarding was $67
  • the average length of an Onboarding program was two months and inconsistently delivered across departments

Best in class employers spend on average $178,868 – nearly twice as much as the average budget amongst all companies represented in the Allied Workplace survey. 

Top employers place their bets on the potential of their people

Studies show that investing in your new hires from day one until they reach full productivity will significantly increase retention AND maximize your employees’ lifetime value to the organization.

 

This investment in people pays off in spades.

Employees who are supported during the learning curve are grateful for the time you invest in them, increasing the likelihood they stick it out with you.

How to get started? First step is to rejuvenate your onboarding program

Most Onboarding programs are designed for Boomers and GenXers, not Millennials and GenZers. Laura Barker, CSI STARS Implementation Director has onboarded hundreds of employees.

She recently spoke to HR.com about Onboarding in a Ghosting in the Workplace webinar. Laura highlighted the importance of: 

This investment in people pays off in spades.

Studies show that investing in your new hires from day one until they reach full productivity will significantly increase retention AND maximize your employees’ lifetime value to the organization.

  • Using stories vs binders of do’s and don’ts
  • Surprising new hires with Welcome gifts
  • Pre-scheduling touchpoints with managers/supervisors
  • Keeping orientation social and interactive (she has some fun game suggestions)
  • Assigning a buddy

In ten short minutes, get actionable ideas that can immediately be implemented to improve your casino’s employee retention through year one and beyond. Click to access Laura’s webinar, the full Ghosting in the Workplace webinar or give us a call for a free consultation.

CSI STARS offers a structured Onboarding program along with welcome aboard gifts that cultivates a workforce that loves coming to work. Watch our 40 second video.

Lori McKnight and Jim Brown are excited to be exhibiting at the Ninth Annual Native American Human Resources Conference. Drop by for a visit to learn about our Service Awards, Wellness, Attendance and other Points for Performance programs….and enter our $200 cash and charity draw.

Written by Lori McKnight, VP of Recognition for CSI STARS. Lori has a MBA with a minor in HR, is a Certified Recognition Professional, GOSHRM Blogger and Forbes Contributing Member.

Sign up for her weekly blog!

Recent Posts

Leave a Comment