Your onboarding process is crucial for employee success. It serves as the foundation of a new hire’s experience, acclimating them to their new job, environment, team, and more.
However, if not administered properly, your onboarding process can cost your business more than it should. If you are wondering if you’re making any onboarding spending mistakes, here are some issues that could be costing your company money.
Not Starting the Process Before Day One
Usually, filing out paperwork is a major part of bringing a new hire on board. In most cases, companies don’t provide the employee with the forms until their first day. Then, the new hire fills them out while they are on the clock, taking up time that could be better spent.
By sending the new hire the employee paperwork in advance, they can complete it on their own time. Plus, it will be finished before they arrive for their first day, something that can be crucial if certain forms are required to grant access to company systems, issue logins, sign out equipment, and more.
Additionally, by having them finish the paperwork in advance, their time on the clock can be focused on other matters. It may help them reach full productivity faster, resulting in an overall financial gain.
Failing to Set Clear Expectations
If you don’t set clear expectations right away, there’s a chance that you’re wasting money. If the new hire isn’t on the same page as their manager, time and resources can end up misused. Then, more time has to be taken to get them onto the proper course.
In the end, failing to set clear expectations creates inefficiency, and inefficiency usually costs money. By getting the incoming employee focused on the right areas from day one, everything comes together faster, reducing waste.
Inefficient Onboarding Process
While your onboarding process usually unfolds over several weeks, a lengthier than necessary onboarding process could mean you’re spending more than you need to prepare the new hire for success. Ideally, every opportunity to streamline onboarding should be harnessed, allowing the employee to reach full productivity faster.
One prime example of onboarding inefficiency is the inclusion of busywork. While those tasks might give the manager a break from onboarding the new hire, letting them focus elsewhere, busy work essentially wastes the employee’s time. It isn’t providing them with value and won’t help them reach full productivity quickly.
Not Reviewing Safety
Workplace injuries cost companies a bundle. By not reviewing safety during the onboarding process, the new hire may make a mistake that leads to bodily harm. If that occurs, you’re responsible for the costs and also have to deal with diminished productivity, leading to lower profits.
At times, not addressing safety makes companies non-compliant. Failing to meet various standards can lead to fees, causing your poor onboarding process to cost you even more.
Ultimately, all of the issues above can lead to unnecessary spending. By addressing them, you can reduce costs and boost the efficiency of your program, ensuring the new hire reaches full productivity as quickly as possible.
If you’d like to learn more, the team at Apogee Managed Solutions can help. Contact us today.