An effective onboarding process tailored to executive-level talent not only bolsters a company’s chances of success but also contributes significantly to employee engagement and retention.
By providing a strong onboarding experience, companies ensure that new executive hires feel valued, supported, and connected to the organization’s culture and mission from the very beginning.
Enhanced commitment to the company not only fosters a sense of belonging and purpose but also helps reduce the likelihood of turnover.
This is particularly crucial, given that the cost of turnover can be staggering, with Gallup estimating that replacing a single employee can cost businesses up to two times their annual salary, depending on the industry.
For companies grappling with high turnover, analyzing and refining their onboarding procedures might be the game-changer they need.
