To prevent unnecessary turnover, your company must understand the importance of investing in the hiring and new employee experience. By focusing on employee engagement from the start, retention rates will improve, allowing your organization to promote longevity across the workforce.
Creating an engaging environment for new employees doesn’t have to start on their first day – it can begin when they first engage with employers’ brands during the recruiting process. Therefore, innovative construction companies realize the need to compete for and retain great employees from the beginning.
There are many benefits of engaging employees early. Companies with engaged employees see a boost in productivity and profitability of at least 20%, and companies with high engagement see an increase in revenue that is 2.5 times higher than their unengaged competitors.1
Fortunately, the cost to attain these improvements is at an all-time low. Technology that previously might have been too expensive for small and midsize companies is more affordable now, making it possible for organizations of all sizes to implement engagement-boosting processes.
Investing in the following five key influencers of an employee’s first interactions with a new company can guarantee a hiring and new employee experience that will keep workers feeling supported, respected, and important within the fabric of the larger company:
- Employer branding;
- Quality of job listings;
- Interview processes;
- Onboarding; and
- Early engagement efforts.
To prevent unnecessary turnover, your company must understand the importance of investing in the hiring and new employee experience. By focusing on employee engagement from the start, retention rates will improve, allowing your organization to promote longevity across the workforce.