For small businesses, efficiency is everything. Having highly engaged employees is essential, not only from a productivity standpoint, but also a financial standpoint.
As such, you want to engage your employees from the very start of their journey to see the best results. Luckily, there are numerous free onboarding tools available that provide great functionality for the small business on a budget.
When an employee moves on to another opportunity, it can cost up to 33% of their salary to replace them. It’s understood that most employees won’t stay forever, so the cost of replacing them isn’t usually a big deal. As long as they have contributed to your company’s growth over their tenure, the hire was worth it.
But what if I said that according to a 2018 study by Jobvite, nearly one-third of job seekers say they have left a position within the first 90 days? All of a sudden, you’re spending money to onboard and offboard within a three month window. On top of that, it can take weeks to months for employees to measurably impact your company. If they’re gone before they’re contributing, it’s a sunk cost.
Financially, it makes sense to do everything you can to keep your employees around. It goes without saying that you want them to have a positive employee experience too.
Onboarding software solutions are specifically designed to engage and educate new employees from the first day of their employee lifecycle onwards. As a small company with few employees, each individual hire becomes more valuable.
As previously mentioned, efficiency is everything. You'll get customizable onboarding checklists and in-depth workflow templates to keep your whole HR team on the same page. And if they aren’t, built-in notification systems let them know when to complete tasks. Overall, these functions make the hiring process much smoother.
Image caption: Example of BambooHR’s onboarding workflow
New team members often feel overwhelmed in a new position. There are new responsibilities, coworkers, products, services, missions and values they have to learn while simultaneously completing other onboarding tasks.
Employee onboarding software makes training user-friendly. Your human resources team creates training plans that include step-by-step learning assessments, mentorship connections with senior staff, and self-service document kits including employee handbooks.
New hires can do all of this on their own through the software in real-time, saving hiring managers and other HR team members extra time.
Your company mission and values are essential to its identity. As such, you must introduce new hires to your culture early on to ensure they assimilate effectively.
Free onboarding software lets you weave your culture into every step of the process. You’ll be able to:
All of these efforts contribute to a positive onboarding experience, which will in turn make them excited to get to work, leading to great employee culture over time. Sounds like an easy way to improve retention by 82% doesn’t it?
Paperwork is a headache. It’s the main reason onboarding is so monotonous.
Free onboarding software takes you from paperwork to paperless. The solutions use automation to send offer letters, background checks, W2s, payroll/benefits forms, NDAs, employee handbooks and more directly to employees.
Employees then complete forms on their own time, freeing up everyone else’s. Mobile functionality makes e-signatures easy as a bonus.
Onboarding platforms bring new hires up to speed quickly, which means they can start making an impact sooner. In addition, properly engaged employees will stay with your company longer, making them worth the onboarding costs and saving you the offboarding costs. Not to mention it’s free software!
By increasing retention, your business prevents costly turnover and saves time, money and effort on recruiting. You'll also see a more productive work environment and higher employee engagement.
For more information on the best vendors, benefits, and ROI, check out our free employee onboarding software guide. If your company is ready to graduate to a paid software with enhanced features, check out our best employee onboarding software guide as well, including pricing and pitfall information.
This post originally appeared on SelectSoftware's blog where we write about the latest in HRTech.