HUMAN RESOURCES AND MANAGEMENT RESEARCH STAFF
In the News: 44 Days: That's How Long Employers Have to Convince a New Employee to Stay
October 12, 2023 ·
Contributed by: Lauren Johnson, Human Resources Director
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On average, companies have 44 days to influence a new hire’s long-term retention, with 70% of new employees deciding whether a job is the right fit within the first month, according to new data from BambooHR.
For companies, this means employee retention hinges on a narrow window of opportunity. By the time a new hire has been in their role for two months, it’ll be almost impossible to shake any negative first impressions, according to BambooHR.
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Checking in with new hires
The onboarding process can make or break employees’ decision to stay long-term, according to BambooHR. However, the onboarding process should not be a one and done event that only takes place once.
Employees should have the opportunity to check in a month, three months, six months and even a year later, and they should know that these opportunities for regular feedback exist, said Catherine Connelly professor at the DeGroote School of Business at McMaster University.
“I think when employees know that there will be many opportunities to check in with their supervisor or manager, then that makes them know that the company wants them to succeed, and that part helps them to be motivated to stay,” she said. “It also lets them know that the company cares about them. And if they’re enjoying the job, if they want to be there, just having that discussion, even if nothing changes, at least somebody cared to ask. I think that means a lot to employees.”
