Financial Benefits to Virtually Onboarding Employees

During this time of the coronavirus, your employees may still be working remotely. If so, then you most likely have been virtually onboarding new hires. Even if your staff has returned to the office, it may be in your best interest to continue virtual onboarding. New hires can acclimate to the culture, their responsibilities, your expectations, and company goals. They can build rapport with management, coworkers, and the organization. You can accomplish everything in a short amount of time with significant financial savings.

Here are three ways virtual onboarding can save your company money.

Free Up Time

Virtual onboarding reduces the time needed to maintain compliance and personally train new hires. Automating the paperwork eliminates the time and money needed to mail documents that must be read, filled out, signed, and returned. Since the data is efficiently collected, there’s no need to follow up on missing documents. Maintaining the information in an online database that pertinent staff members have access to means little time spent searching for data when needed. Automation allows managers and HR staff additional time to take care of other responsibilities.

Boost Productivity

Virtual onboarding lets new hires begin producing in a short amount of time. Because they learn at their own pace, employees who quickly process, retain, and implement their training are better prepared to be productive immediately. This decreases the amount of time tasks remain unfinished as employees get up to speed on their responsibilities. Because training can be done over a virtual platform such as Zoom, staff can meet with new hires without needing to go anywhere.

Strengthen Employee Retention

Virtual onboarding increases the odds of new hires remaining with your company long-term. Since automated training provides the right information at the right time, employees are able to access modules and other resources first on the schedule, then on-demand. This prevents them from becoming overwhelmed with information. Since HR can track progress and learning milestones, managers can talk with new hires if issues show up. When onboarding is automated, the employee experience is similar for each new hire. They rapidly become familiar with their tasks and company culture, begin working on their first assignment and start contributing to the team. This increases engagement and encourages the employee to continue making a difference within your organization.

Virtually Onboard New Hires

Virtual onboarding can provide your company with significant financial savings. Automation lets managers and HR spend less time personally training employees and helping them acclimate to the culture. A reduced onboarding schedule lets new hires begin producing quickly. Strengthening engagement during onboarding encourages employees to remain with your organization for the long haul.

If you need to add accounting and finance professionals to your team, talk with Casey Accounting & Finance Resources. We have top candidates ready to begin virtual onboarding and to contribute to your team. Find out more today.