There’s a moment of truth in the recruiting process. An exact moment when you literally start realizing or losing the investment you’ve made in finding and acquiring a great hire.
High Stakes Hiring
As soon as your offer is accepted, you shift into onboarding. Not the first day of employment: the moment your offer is accepted. When your Employer Brand (a promise you make) becomes Employee Experience (delivering on that promise). Everything you do from the point of offer acceptance affects employee engagement, time to productivity, employee referral, brand loyalty and advocacy, and retention. In other words, the bottom line.
Think the stakes are high? Think about this:
- 4% of employees don’t even show up on their first day
- 20% of new hires quit within the first 45 days
- 90% of employees decide whether to stay with the organization or leave within the first 6 months
- Gallup estimates the cost of actively disengaged employees at $450-550 billion dollars in lost productivity every year
Holy smokes. Let me save the day with this stat: