Increase Employee Retention with Interactive Onboarding & Training
Did you know that the average manual employee onboarding process takes 19 days to complete? That’s right — 19 days! That’s nearly three weeks you’re paying for little to know productivity as new hires ramp up.
Not only does manual employee onboarding mean paying for nearly three weeks of zero-productivity, research shows that your printed material isn’t even efficient.
Why a Winning Onboarding Strategy Matters
The Harvard Business Review determined one out of six new hires quit within 90 days because of a bad onboarding experience.
When you consider that the costs of turnover can range from 1 to 3 times the worker’s salary, it’s easy to understand why some 73-percent of organizations are revamping their employee onboarding.
Here’s a look at how upgrading to Virtual Training can help you get the best out of each new employee you recruit.
1. Interactive Video Enhances Retention
A study by WordStream found that the human brain processes images 60,000 times faster than text. Interactive video also allows important information to stand out, making it easier for new hires to remember:
- When people hear information, they’re likely to remember only 10% of that information three days later.
- If a relevant video is paired with that same information, people retained 65% of the information three days later.
2. A Virtual Learning Environment Shortens Costly Training Time
LightSpeed VT organizes your employee onboarding and training information so new hires can quickly find what they need to absorb in smaller segments, instead of forcing them to view a long video — most of which they already know.
Maximizing the efficiency of your onboarding program help new hires quickly integrate with the rest of the staff and start producing work that’s valuable to your organization.
3. Tracking & Reporting Helps You Ensure Every Employee is a Good Fit
A state-of-the-art learning system doesn’t just make your employees more productive, faster. It gives you the ability to measure their performance instantly.
LightSpeed VT helps you keep track of how well each employee is doing during onboarding, product training, sales training, etc., with auto-generated reports and advanced analytics. These insights can help you take corrective measures if anyone seems to be having a problem retaining the message.
Is it Time to Upgrade Your Employee Onboarding?
At LightSpeed VT, we’re constantly thinking of new ways to make a more engaging and impactful training experience. If you’d like to learn more about the benefits of our platform, reach out to us at 1-800-491-4372 or click Schedule a Demo here.