Has Your Small Business Formalized Its Onboarding Process?

1
Has Your Small Business Formalized Its Onboarding
Process?
2

• As every small business owner knows only too
  well, their companys success often depends on
  its employees, and not the business idea, product
  or service. The recruitment process itself can go
  a long way towards determining whether an
  employee is going to be fit for the role theyre
  applying for, and ensuring that they not only
  understand the role, but the company and its
  goals.
• The best way of getting off on the right foot
  with an employee, and being successful at
  retaining the top talent, involves a formalized
  onboarding process.

3

• What is onboarding?
• Simply put, onboarding is the process of making
  new employees familiar with the policies,
  procedures and ethos of the organization theyre
  about to, or have just, joined. The process also
  involves helping them to understand their role
  within the company.
• Why is onboarding so important for small
  businesses?
• In order to employ individuals who are a good fit
  for a business, and who are likely to give their
  best efforts to the role, a formalized onboarding
  process is essential, and heres why

4

• Employee turnover can cost small businesses
  hundreds of thousands of dollars
• According to research, the average small business
  owner spends as much as 4,000 on each new
  employee, and hiring and onboarding them can take
  almost a month in many cases. If youre going to
  invest this much time and money on an employee,
  you want to do your best to retain them, right?
• Formalized onboarding can increase productivity
• Research has consistently shown that those small
  businesses with a formalized onboarding process,
  show as much as a 60 improvement in
  productivity, year on year.

5

• How to create a successful employee onboarding
  program
• Ideally started before you begin the hiring
  process, a new onboarding program should begin
  when your new hire receives their offer of
  employment. Engaging positively with them right
  from the outset, will make the entire onboarding
  process, simpler and more effective.
• Your onboarding program should also be strategic,
  and focus on the people working within your
  business. An effective strategy should focus on
  the following 3 areas

6

• Assimilation and Socialization
• Documents and Tasks
• Education and Training
• Its then important to think about setting
  milestones in the process, so that you can
  accurately judge the programs success, and
  identify areas that may need improving upon.

7

• When a new employee starts working for you, be
  sure to connect with them at the end of their
  first day, and then schedule regular check-ins
  throughout their first month. This will help you
  assess their progress, while giving the new
  employee the opportunity to ask questions or
  raise any concerns that they might have about
  their role. How long you continue to schedule
  check-ins for, is entirely up to you, and a lot
  will depend upon the employee and their role
  within your business.

8

• A formalized onboarding process doesnt just help
  you retain the best talent, but can help you
  attract them, too, by showing that youre serious
  about the role theyre about to play in your
  business, and that you value them enough to check
  on their progress and assess their growth.
• If you need help formalizing your onboarding
  process, or with any aspect of recruitment and
  retaining employees, reach out to a professional
  company in your locality that offer an onboarding
  service.

9

• Apollo Payroll is dedicated to delivering expert
  advice, responsive service, and highly accurate
  payroll processing and reporting to ensure the
  success and growth of the business that we serve.
  Our services include comprehensive payroll
  services in Homestead and other cities in
  Miami-Dade County, employee background check and
  group health insurance in Miami Coral Gables