During the summer months, organizations groom college students into future executives through summer internship programs. These young, up and coming professionals seek practical knowledge in their preferred industry. In the 1980s, only 3 percent of college students completed an internship before graduation.[i] Flash forward to the 2010s…according to a National Association of Colleges and Employees survey[ii], 52.5 percent of graduating college seniors reported working internships during their college careers.
Attracting and retaining talent has become a hot topic of late because of a thriving job market. Human resources professionals want to have a well-planned orientation for a new team member to ensure success for everyone involved.
As seen in the previous well-being blog "Improve Employee Retention", it costs 30-50 percent of an employee's salary to hire their replacement - and could be up to 400 percent depending on the position.
This means when bringing on a new team member, return on investment is critical. The process begins before day one, and is ongoing. A thorough and thoughtful on boarding process can help improve employee retention, and help new hires feel more comfortable and connected in their new position.
Download the Ulliance Ultimate New Employee Checklist for a step-by-step plan to ensure success for you and your new hire!
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