Last week we talked about how to have a transformative onboarding experience for new hires, and this week we’re talking about the power of unique cultural immersion and continuous talent mobility.
According to 2013 SuccessFactors WFA Benchmarking Data, normal voluntary turnover is 8.9% annually compared with 18.8% voluntary turnover for hires with their first year of employment. That’s more than double.
It’s no wonder companies struggle to retain top talent from the moment the ink is dry on the new hire paperwork. This is why progressive companies are doing everything they can to create fun and engaging onboarding processes and technology platforms that are unique and configurable to the individual, not the same old tired one-size-fits-all approach.
This includes assigning buddies and peer-to-peer networks seamlessly before day one even starts, so the new employees feel welcome and have support, regardless of role, classification or location (in the office or remote). Incremental and attainable individual and group goals can also be set up with their first 3-6 months to ensure complete workplace and cultural immersion as well as shortening their initial time to contribution.
And it doesn’t stop there. Through the onboarding and networking process, every single person from full-time to part-time employees to temp and contingent employees is a perpetual candidate which is a growth opportunity for the company at large. In turn, providing a continuous mobility experience to your workforce that includes the flexibility to dial up and down their level of contribution, while ensuring they’re career paths are personalized growth opportunities, are the keys to retaining knowledge and your competitive edge. Why look outside first when you already have an internal talent community and referral network?
Join #TChat co-creators and hosts Meghan M. Biro and Kevin W. Grossman as we learn about the power of workforce culture and continuous talent mobility with this week’s guest: Tracey Arnish, Senior Vice President of Talent at SAP.
Meghan M. Biro: How To Succeed At Real-Time Talent Alignment
We hope you’ll join the #TChat conversation this week and share your questions, opinions and ideas with our guests and the TalentCulture Community.
#TChat Twitter Chat — Wed, June 11 — 7pmET / 4pmPT Immediately following the radio show, Meghan, Kevin and our guests will move to the #TChat Twitter stream, where we’ll continue the discussion with the entire TalentCulture community. Everyone with a Twitter account is invited to participate, as we gather for a dynamic live chat, focused on these related questions:
Q1: What are the short & long-term effects of new hire onboarding? #TChat (Tweet this Question)
Q2: What activities can immerse and engage new employees quickly & effectively? #TChat (Tweet this Question)
Q3: Describe how internal mobility increases talent retention for companies #TChat (Tweet this Question)
Q4: What are recommended practices for promoting talent communities & referral networks? #TChat (Tweet this Question)
Q5: What talent management technologies improve onboarding & internal mobility? #TChat (Tweet this Question)
Throughout the week, we’ll keep the discussion going on the #TChat Twitter feed, and in our new TalentCulture G+ community. So feel free to drop by anytime and share your questions, ideas and opinions. See you there!!
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