Chances are, if you’ve ever held a job, you’ll have experienced some form of employee onboarding. From the moment you walk into an office on your first day, there are a host of new faces to meet, processes to learn, and technology to set up — not to mention the tedious task of filling out a mountain of initial paperwork. All of these activities are part of employee onboarding at any company.
But what is employee onboarding, exactly?
According to the Society for Human Resources Development (SHRM), employee onboarding (also known as organizational socialization) is the “process of helping new hires adjust to social and performance aspects of their new jobs quickly and smoothly, and learn the attitudes, knowledge, skills, and behaviors required to function effectively within an organization.”
In short, employee onboarding involves the processes that help you ensure that your new hires get started on the right foot. These processes can be broken down into two categories:
Regardless of whether an organization chooses formal onboarding, informal onboarding, or a mix of both, getting new hires up to speed is an expensive task. According to management consultants Mark Stein and Lilith Christiansen in their book, Successful Onboarding, companies spend up to 30% of a new hire’s annual salary during the onboarding process.
While the expense of onboarding new employees can be daunting, it’s money that’s well spent — a centralized, properly resourced process of incorporating new talent into a firm may prevent early turnover for as many as 1 in 4 new hires. And the faster that your new hires feel welcomed and adjusted to their new roles, the faster that they can begin contributing value to your company.
Given the expense of onboarding new recruits, how can large enterprises build time-sensitive training across a diverse set of roles, and deliver it to new recruits that may be remotely located across the country or even around the world?
Many forward-looking companies have begun to address the problem of affordably onboarding at scale through video.
Through the use of video, HR organizations have been able to enhance their onboarding processes in the following ways:
If you’re interested in learning more ways that video can enhance employee onboarding and new hire training at your company, read our white paper, Make Every First Day a Great One, or contact the Panopto team for a free 30-day trial of our video platform.