This infographic from Bamboo offers a visual explanation for retaining new hires.
Recent research from the human resources software company demonstrates 31% of new hires quit their job in the first six months while more than 16% quit in their first week. This infographic not only shows the importance of good retention strategy but also highlights human behaviour. The good news is 58% of new employees are likely to stay on with an organization for more than three years if they have a well-structured onboarding program, according to the Wynhurst Group.
Bamboo's number one tip for retaining new hires is on-the-job training and a review of company policies. Onboarding should also last more than one week, ideally 30 days.