According to a study by SHRM, the average cost per new hire for companies is $4,129 between recruiting, interviewing, hiring, and training! If you have a lot of turnover these costs can add up fast. This means employers should do everything they can to find the right talent and then keep their talent happily employed. One way to improve employee satisfaction is to enable the full features of a modern Human Capital Management (HCM) system like ABC Workforce.
As the employee market grows to be dominated by millennials and Gen Z, these workers are demanding a modern workforce management experience that engages them in their employment. A clunky "old school" hiring and employment experience can be frightening to them. SHRM also reports that a high percentage of new employees are quitting shortly after being hired and a bad onboarding process was a contributing factor. What are you communicating to your new employees with their onboarding experience?
You don't have to scare off your new hires, and you can reduce your turnover costs at the same time by adding ABC Workforce to your business or organization. Empower your employees and communicate to them that you are a professional 21st century employer. To schedule a demo or to learn more, scroll to the bottom of this page and complete our contact form. Or give us a call at 1-800-242-5155.