While 46% of new hires wash out during the first 18 months, 58% of employees stay with companies for 3 years or longer when there is a structured onboarding process. Clearly employees are more likely to stay with a company when an organized onboarding process is implemented. Employees feel they can contribute more to the team when they are given proper training and tools. A structured process builds employee confidence, which in turn creates employee retention!
(Source: The Wynhurst Group)