Over the last five years, I’ve seen onboarding take a dramatic turn by employers. Many more have come to realize the importance of an effective new hire onboarding process and the high cost when it’s lacking. But, despite how onboarding is evolving, the statistics tell us that:
- 20% of new hires leave within the first 45 days of employment (source)
- 50% of new hires working hourly, leave their jobs in the first 120 days (source)
- 90% of new hires are deciding during their first six months of employment whether they’ll stay or leave. (source)
So what is happening that new hires are not staying in jobs at higher rates? What is still not working, even though we have innovative recruiting and pre-screening methods, disruptive technology, improved testing, more advanced interview processes and collaborative decision-making to hire right?