First impressions are incredibly important for many reasons, but the main reason is that they can have a lasting impact on an individual’s long-term perception of a person or thing. This concept is true for most social situations and experiences, but none more so than when it comes to a new employee’s first impression of his or her new job and company. What’s crucial is that in most cases a person’s first impression is solidified during the onboarding process or at times much earlier.
Employee engagement isn’t just a trending topic in HR, it’s proven to have a significant impact on operations and employee retention. Studies have shown that positive employee engagement affects productivity by as much as 17%, and profitability by as much as 21%. Companies are recognizing this and implementing technology with features and services that bolster engagement, starting with onboarding software.
The demand for companies to retain top talent is escalating. And, yet, companies often spend very little time in onboarding new hires. In a recently published survey of HR managers by job site CareerBuilder, 16% said poor or non-existent onboarding lowers their company’s productivity, 14% said it brings on greater inefficiencies, and 12% said it leads to higher employee turnover. Another report by the Harvard Business Review notes that 32% of global executives rate the employee onboarding they experienced as poor and replacing each failed executive can cost a business up to 213% of his or her salary.
Modern businesses are driven by analytics and the right course of action is often determined by the data and statistics available. Human resources is no different.
In this blog, we'll discuss nine surprising HR stats that you need to know and how each of them can be used to improve your company.
The whole purpose of a HR department is quite easy to define: it’s all about bringing the right employees into the company and helping them grow. In between the moment of employment and the process of growth, there’s an important stage, onboarding... and for some recent college graduates, they are joining a company for the first time.
When it comes to business bookkeeping and payroll, QuickBooks by Intuit is the king of the hill with over 2.2 million active subscribers. For decades, small businesses have relied upon QuickBooks to accurately track their company's expenses, record income and pay employees.
Today, we're proud to announce that HR Cloud's Onboard now integrates with QuickBooks Online.
By connecting these two platforms, users will be able to easily transfer critical employee information attained in the onboarding process to their QuickBooks accounts — eliminating the need for tedious manual data entry and ensuring accuracy!