7 Ways That Employee Onboarding Software Cuts Costs And Improves Employee Retention In Your HR Department

7 Ways That Employee Onboarding Software Cuts Costs And Improves Employee Retention In Your HR Department
Summary: The benefits of employee onboarding software far outweigh the costs even if your stakeholders are reluctant to sign-off on the expense. Thankfully, there are some notable advantages you can use to make the business case for an onboarding LMS for your HR department.

How Employee Onboarding Software Cuts Costs And Improves Employee Retention In Your HR Department

One of the primary responsibilities for your HR staff is to recruit new team members and ensure they’re up-to-speed. The catch is that your HR department must be properly onboarded in order to onboard others. Is a new LMS the solution? Can it help you stay within budget, retain your top new talent, and boost engagement? Here are 7 ways that employee onboarding software cuts costs and improves employee retention in your Human Resources department.

eBook Release: From New Recruits To Rising Stars: Using Employee Onboarding Software To Help New Talent Reach Their Full Potential
eBook Release
From New Recruits To Rising Stars: Using Employee Onboarding Software To Help New Talent Reach Their Full Potential
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1. Imparts Practical Experience Without The Risk

Your HR department tackles a variety of tasks. Ranging from vetting candidates to providing new hires with all the info they need once they’re onboarded. Then there are the ongoing job responsibilities, such as keeping employees up-to-date regarding new compliance policies. Employee onboarding software gives you the opportunity to impart real-world experience without taking unfounded risks. For example, you can create simulations that teach your HR new hires how to interview job candidates based on company policy and data privacy laws.

2. Keeps Them Up-To-Date On Company Policy

Employee onboarding software allows your new HR team members to master all the company policies they need to impart to their co-workers, such as new dress code fundamentals so that they’re able to help fellow employees update their attire. You’re able to quickly update the content and deploy it on a global scale thanks to your onboarding LMS. The alternative is paying for your policy manuals to be updated and reprinted, as well as hiring an on-site instructor to make sure the information sticks (if you’re fortunate).

3. Offers Moment Of Need Support

A notable advantage of investing in employee onboarding software is giving new hires access to autonomous support tools. They’re able to quickly bridge skill gaps or improve task performance thanks to JIT online training resources. An onboarding LMS enables them to get the online resources they require whenever the need arises, instead of asking a manager for help or simply performing a task incorrectly until someone points out the mistake. Pre-assess your new HR employees to find out which online resources they need and which delivery methods they prefer to maximize your investment and engagement. These support tools keep new hires happy on the job and builds self-confidence. Thereby, boosting your employee retention rates and decreasing new hire training expenses for their replacements.

4. Rapid Deployment Mitigates Compliance Risks

Many organizations automatically leave room in their budgets for compliance slip-ups. They know that employees are bound to make mistakes. Whether it’s on-the-job injuries or violating a local regulation that leads to fines. However, employee onboarding software for your new hire training can help mitigate these risks and prevent costly errors. Real-world activities, JIT training tools, and frequently updated online training content allow you to reduce compliance violations and improve your ROI. Every HR new hire has the information they need to do their job with confidence and learn from their mistakes in a risk-free online environment.

5. Turns Veteran Employees Into Peer Mentors

You can even use your onboarding Learning Management System to facilitate peer-based knowledge sharing. Your seasoned employees become peer mentors or coaches who help new hires improve task performance and identify personal pain points. Employees can use built-in video conferencing and social learning tools to collaborate and catch-up on a weekly basis. They’re also able to generate their own content and upload it to the system for the benefit of their co-workers on a bigger scale.

6. Allows For Greater Onboarding Personalization

Your HR employees need to have a similar skill set and knowledge base. Especially when they all must carry out the same tasks or follow the same protocols. However, everyone who enters your organization must have personalized resources that target existing gaps. Employee onboarding software allows for greater personalization, given that you can assign specific resources or support tools based on their areas for improvement. For example, pre-assessments or surveys reveal that one of your employees needs some help with regulatory compliance knowledge. They’ve been in the industry for years but are new to your region. Thus, you can tailor their training path to cover this training topic in addition to the basic curriculum that every new hire receives.

7. Detailed Reports Highlight Areas For Improvement

If all these benefits aren’t enough to convince stakeholders that employee onboarding software for HR training is a viable investment, consider the metrics. A Learning Management System gives you access to reports that track individual progress and performance sticking points. However, you can also identify areas for improvement pertaining to your onboarding strategy. For instance, you notice that an unusually high number of new recruits are unable to complete a skill-based certification course. You’re able to identify which online training resources/activities are the most challenging and then figure out why there’s a disconnect. It could be that the branching scenario involves too many decision-making paths or that the online course design is too cluttered. Thus, your new employees aren’t able to absorb the information. This leads to frustration and diminished productivity, which makes them think twice about their new positions.

Ensure Success From The Start With The Right Onboarding Solution!
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Your HR team needs to be prepared for every wave of new hires. Which means that they must have all the online training resources they require to bridge gaps of their own before they vet job candidates, conduct interviews, and onboard new recruits. Your fresh HR staff should have in-depth knowledge of policies, protocols and compliance issues so that they can pass them onto your employees. Onboarding software gives you the opportunity to check all these items off the list and improve ROI.

How can you make sure that an onboarding software includes all the must-have features, needed for your in-house and remote employees? How can you use onboarding software to figure out which fresh recruits are going to advance up the corporate ladder? Get our eBook From New Recruits To Rising Stars: Using Employee Onboarding Software To Help New Talent Reach Their Full Potential for more tips on how to train your new hires and turn recruits into rising stars. It features insider secrets to train new employees on a tight timeline and address the needs of your global workforce. You’ll even learn how to avoid the most common onboarding mistakes and how to overcome the most common accessibility obstacles.