Reports have suggested that more than 58% of companies have onboarding programs that involve paperwork and processes. It is essential to have creative and in-depth onboarding to provide you with a good employee experience. 65% of the workers report that happy workers in the organization increase employee productivity by more than 13%. In addition, positive onboarding helps employees stay engaged by more than 33% at the workplace. Along with this, disengaged employees have a lower 15% profitability for the company each year.
In addition, about 36% of HR leaders state that they HR leaders don’t have the resources to recruit top talents. Reports show that 86% of employees look at company reviews and ratings before they apply for the job. Moreover, about 50% of the employees will not apply to companies with bad reputations. Companies with highly engaged employees are about 21% more profitable than the rest, and that helps boost your company’s profits.
What Are The Benefits Of Integrated Employee Onboarding Software?
Research conducted by Aberdeen Group shows that the standard onboarding process improves new hire retention by about 50%. The employee onboarding tools help the HR and recruiting teams create, manage and track employee onboarding programs. In addition, it helps you save time and money by streamlining the onboarding process. The benefits of the employee onboarding tool are enlisted as follows:
Managing Onboarding Activities In a Centralized Way
This automated tool enables you to manage all the activities in one centralized location. It helps you create checklists and guides to walk through the new hires so that the recruiters and employees are on the same track. In addition, it helps you create a database of information, which helps you track the information of employees, such as performance reviews, benefits, and more, in one place.
Improved Communication With Important Stakeholders
This automated software provides you to ensure the best onboarding experience. It helps you improve communication, which helps you with an improved and smooth transition between the employees who are leaving and coming on board. In addition, streamline the communication between the new hires and the HR department. Moreover, the tool lets you streamline communication between managers, new hires, and peers. In addition, you can post questions and share information about the tasks, details, and projects.
Increased Engagement and Productivity Of Employees
This onboarding tool helped you with improved productivity and raised engagement. The employee onboarding tool helps you increase employee engagement in several ways. Along with this, it helps you raise a streamlined and effective employee onboarding process.
Reduced Recruitment And Turnover Costs
The automated tool helps you reduce recruitment and reduce turnover costs. It is a costly affair, and reports have shown that each employee’s recruitment costs around 90% to 200% of the annual salary. Along with this, in the 1st six months, turnover rates are high in the initial rates. It also helps you shorten the time to get new hires up to productivity and speed.
Streamlining Hiring Process
This automated tool helps you streamline the hiring process. It helps you educate and bring new hires onto the team and less time; it helps you bring new hires onto the team less time while hiring. Along with this, it helps you streamline the hiring process, which helps it be effective and efficient.
Improvement Of Culture And Relationships With Employees
The benefit of the employee onboarding tool is that it helps you improve relationships and culture with the employees. While using the automated tool, your new hires can navigate the new job tasks and company policies faster and more effectively. In addition, it helps you build trusting relationships with the employees. Along with this, it also helps them get up to speed on new tasks and responsibilities.
Reduced Paperwork For Managers And Employees
After hiring, your HR manager has to accomplish a lot of documents, which is both tedious and time-consuming. But this automated tool helps you automate the tasks and documents so that you do not have to spend time completing redundant paperwork. In addition, the software helps you automate tasks such as creating welcome letters, setting up payrolls, and creating an employee handbook. Along with this, it allows you to replace paper-based forms with digital ones.
Creating Unforgettable First Impression
The onboarding tool helps you create 1t impression for the new hires. It helps you create a personalized onboarding experience for each new hire. Along with this, it helps you provide a personalized experience to each of your new hires, which helps you create a 1st impression in the employees’ minds.
How Does HR Onboarding Software Benefit Your Business?
The automated tool provides a huge sigh of relief to the HR representatives. The advantages of an HR onboarding tool boost your overall business performance. It benefits the companies in several ways:
Saves Money for the Company
This automated tool helps you eliminate redundancy at the workplace. It is because; the manual way of onboarding the employees involves forms and papers to read, sign and review as part of the standard HR onboarding procedures. The onboarding automation helps you eliminate redundancy with the removal of paperwork. But, with the automated tool, the risks of using paper are reduced, which helps your company to save money.
Saves Time of Company
The HR onboarding tool helps you improve the speed and smoothness of administrative tasks. In addition, the new employee onboarding process helps you save a lot of time as it frees the HR staff members from spending too much time with the new hires.
Effective Way of Collecting Data
This automated tool helps you collect data, and that helps you gather information about the new hires effectively and efficiently. In addition, this tool helps you store the collected data in a secure place and helps you integrate it with other HR software.
Reduced Errors
This automated tool brings precision to the process of onboarding new employees. Moreover, it had set parameters to the automated process and eliminated the chances of occurrence of errors.
Enhanced Security
Employee onboarding provides you with a sensitive process with the inclusion of employee data. The onboarding automation helps the companies to ensure the collection of information to ensure collecting data while onboarding new employees stays confidential and locked in the virtual database from any physical access.
Personalized Experience To Candidates
The onboarding checklists help you to make the onboarding process monotonous. In addition, it allows your HR leaders to create a dynamic onboarding process, which provides each new hire with a positive onboarding experience.
Standardized Process
This automated tool helps your business streamline the employee onboarding process workflow and helps you make approvals conditional with easy and fast progress monitoring. It also allows us to think about the issues which require quick and fast actions.
Easy and Fast Integration
The manual process causes data redundancy and human errors. But, the automated tool helps you eliminate human errors and data redundancy, which is required to create employee records and capture salary information.
Effective Collaboration
This automated tool provides a dynamic process that utilizes the in-built collaboration tool required to initiate the conversations among the step owners.
Improved Accuracy
The automated tool encourages user adoption as the new hires provide you access to a self-service portal to manage personal and professional information independently.
To Conclude
The onboarding tool helps you reduce turnover rate, improves relationships with the employees, and helps you streamline your onboarding process. It helps you improve communication and helps you save time by having new hires. In addition, it helps you improve business and helps you with improved communication with the improved stakeholders.
In addition, the automated HR tool enables you to automate the business process with minimizing risks and keeping your workforce engaged and happy. Moreover, the automated tool provides you satisfaction with new hires, helps improving performance, and overall business growth and development.
