Onboarding

By Lizzy Mottern. Your search was successful, and you have hired an amazing new member of your team -- congratulations! Now you want them to stay. Retaining employees requires thought, planning, and creativity -- and has dramatic payoffs. One is financial: it costs about 33% of a new hire’s salary to replace an employee, and for highly skilled jobs, costs may be up to 150% of the annual salary (source: the Society for Human Resource Management). Finances are just one type of cost: employee turnover can mean lost momentum on projects, your organization’s inability to accept new work, and a toll on morale as other employees step in to cover duties of a vacant position. Once you find a person who makes your organization shine, take two proactive steps that help them choose to stay for a while: [...]