When bringing new talent into the fold, most employers tend to focus on paperwork and how quickly the employee can become productive. Bu with 30% of new hires quitting in 6 months, changing how you onboard makes smart economic sense. Investing in customized, effective training at this point can improve your odds of retaining the talent you just hired and will, inevitably, improve time to productivity.
Even without losing people, simply performing well as a business can create training challenges. An HR manager recently told me about how a sudden surge in product popularity had created difficulties in her company’s training plan. The company suddenly had a growing number of geographically dispersed new recruits who needed product knowledge and compliance resources as soon as possible. She ended up enlisting local teams they could deploy at the micro level, but it was a costly solution.
In this and countless other situations an onboarding online training program that provides a range of customized learning methods can make a difference. Here’s a look at five specific advantages an onboarding learning system gives you.
1. Assess to enable targeted training
Learning systems use surveys, assessments and other diagnostic tools to reveal what information your new hires already know. This allows you to quickly refresh their memory and devote more energy to developing advanced skills. This narrowed onboarding focus means you can avoid extraneous spending by allocating resources strategically.
2. Monitor engagement and performance
According to a report by SilkRoad, 53% of HR professionals believe employee engagement increases with improved onboarding processes. LMS metrics provide analytics that monitor every aspect of your strategy, which can help you pinpoint problem areas where engagement or performance drop. This empowers you to make adjustments accordingly, root out resources, and improve your LMS ROI.
3. Bridge gaps with personalized paths
With face-to-face training, every new hire typically receives the same activities, assessments, and manuals. Employee onboarding software, however, makes it easy for onboarding staff and new hires to develop personalized training paths. Not only can employees choose which skills to address during onboarding, but they can also choose among various learning methods.
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4. Offer preventative microlearning resources
According to research by psychologist Hermann Ebbinghaus, we forget more than 40% of what we learn within a day or two and more than 80% one month later. Shorter and more frequent doses of information can keep team members sharp and on top of things.
Microlearning training gives team members access to online training repositories that offer ongoing support with a few clicks. It also increases the ROI of your LMS by eliminating the need for training interventions or annual refresher courses.
5. Provide templates to simplify updates
With traditional training, it is costly and time-consuming to update materials. Thanks to onboarding tools, organizations can use templates to rapidly revise online training content to reflect new policies or scale to meet evolving needs. You can even develop your own reusable templates for specific online training activities.
When you find an LMS that allows you to improve ROI, mitigate risks, and address training gaps, you can gain stakeholder buy-in by clearly demonstrating the practical benefits of your proposed investment. Once you’ve implemented your system, you’ll be able to reduce onboarding costs, deploy on a virtually limitless scale, and retain your top talent.