Reducing turnover and efficiently integrating new employees into the workforce is crucial for businesses. Around 30% of employees don't last a year, ..
which is costly. Poorly executed new employee orientation can undermine good recruitment efforts. As millennials become a dominant presence in the workplace, they bring both opportunities and challenges. Every generation has unique needs, including millennials. However, effective onboarding practices for millennials are generally beneficial for all employees. This presents an opportunity for us to improve our approach. Research shows that a well-structured onboarding process significantly increases the likelihood of retaining a new employee for at least three years by 69%. Additionally, a study demonstrated that employees become productive two months earlier with an effective program. When the first-year experience is well-managed, employees become proficient faster and remain in their positions for longer periods.