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Dear subscribers!

Due to technical issues, not all of you received the 62nd episode of our newsletter on time.

We apologize for the inconvenience and appreciate your understanding.

_{Your The One Minute HR Team.}

IN TODAY’S EPISODE 👀 

• RESEARCH: Onboarding Impact Highlights

• EXPERT VOICE: Improving Retention with Stay Interviews

• LET’S PRACTICE: Optimizing the Employee Journey

Audio Version of This Episode

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THE ONE MINUTE TO RESEARCH 🔎

by Oak Engage

An effective onboarding process is essential to the success of any organization. Here are key statistics showing its impact:

❗ Great onboarding can improve employee retention by 82%.

❗ Structured onboarding can lead to a 60% year-on-year revenue improvement.

❗ Employees with good onboarding are 18x more committed to their employer.

❗ Only 12% of employees agree their organization has a good onboarding process.

❗ 78% of employees would stay longer if they have a clear career path.

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THE ONE MINUTE OF EXPERT VOICE 🎙

by Les Buckley

Les Buckley, Company Director and Ludologist, emphasizes the importance of stay interviews in the employee life cycle to improve retention. These are strategic 15-20 minute conversations between leaders and employees to understand and address their needs, ultimately preventing turnover.

Buckley shares five pivotal questions that form the core of effective stay interviews, helping managers engage and retain their top talent:

Question 1:

Question 2:

Question 3:

Question 4:

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LET’S PRACTICE 🧪

by Hacking HR Team

The employee lifecycle is the journey that every employee takes at your organization, encompassing attraction, recruitment, onboarding, development, retention, and offboarding. 

Optimizing each stage is crucial for creating a positive and productive employee experience, leading to better business outcomes.

How to Do It

1. Define Your Employee Lifecycle Model.

Choose or create a framework that describes the stages and processes employees go through at your organization. Ensure it aligns with your vision, values, and goals. Use a simple diagram or flowchart to communicate it to stakeholders.

2. Measure Key Metrics.

Identify and track key metrics relevant to each stage, such as time to hire, quality of hire, retention rate, turnover rate, employee satisfaction, and engagement. Use surveys, interviews, HR software, and other tools to collect and analyze data.

3. Analyze Insights.

Interpret your metrics to understand strengths, weaknesses, opportunities, and threats in your processes. Use charts, graphs, and reports to visualize data and identify trends and patterns.

4. Encourage Lifelong Learning.

Support professional development, training programs, and mentorship opportunities for employees of all ages. This helps counteract stereotypes about older workers' adaptability and younger workers' experience.

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