MIT is in an excellent position to attract outstanding employees. We offer a dynamic work environment, an open and collaborative culture, excellent benefits, and a compelling mission – not to mention a brand as the premier technological university in the world.
However, hiring great people is only the first step in building a committed, successful workforce. An organization's approach to onboarding is critical to employee performance, an employee's level of engagement, and whether an employee chooses to stay. Onboarding is pivotal for both the employee and the organization.
Consider that 90 percent of employees decide whether or not to stay with an organization within the first six months1. Consider further that the cost of losing an employee in the first year is often at least three times their salary2.
Onboarding is a process of welcoming, educating, connecting, and acculturating new employees. It helps assimilate them into work and team processes and into an organizational culture. It provides new employees with the necessary tools and resources to carry out their jobs and clear channels for ongoing knowledge acquisition and collaboration. It instills in them a sense of connection to individual, group, and organization goals and a drive to contribute.
Research has found effective onboarding:
- Helps employees contribute quickly
- Enhances individual and group productivity
- Fosters relationship building and networking
- Fully transitions employees to the role, organization and culture
Your vital role in the process
As a manager, you play the most important role in the onboarding process. The relationship between a new employee and their manager is the determining factor in whether the employee chooses to stay with an organization3. This website provides tools, checklists and other resources to help you create a positive onboarding experience for new employees. We hope you will take advantage of this material, and we strongly urge you to take an active role in the process. Doing so will underscore your commitment to new employees, and help them quickly become engaged, committed, and successful members of the MIT community.
1 Aberdeen Group
2 Wynhurst Group
3 Aberdeen Group