Up to 20 percent of employee turnover occurs within the first 45 days an employee joins a new company. The $3,000 to $43,000 price tag for each such departure makes onboarding an essential aspect of HR service and a significant influence on employee engagement and retention. Creating a welcome package for new hires is one way to reduce turnover by helping new hires feel excited about joining the company and calming their nerves by providing clear expectations, outcomes, and goals for their first day. A well-thought-out welcome package can leave a lasting impression and empower new employees in their roles.
Read More