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Don’t Let Bad Onboarding Processes Derail Your Talent Acquisition Goals

  • Madison
  • Feb 5, 2021
  • 1 min read

May 29, 2018 | By Gina Jessica Smith


More than 55 percent of companies with 1,000+ employees report having a broken onboarding process. The consequences can be devastating: Talented new hires leave prematurely, which wastes both time and money. High employee turnover rates also cause lost productivity and added retraining expenses.

How do today's companies fix these points of failure and ensure long-term employee commitment?


In this month’s Performance Perspective we explore:

  • The unnecessary costs incurred as a direct result of poor/broken onboarding practices

  • Why the onboarding process fails for many major companies

  • 11 Tips to improve onboarding, impress new hires and create a longstanding sense of "fit" moving forward


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ABOUT THE COMPANY

​Nearly five decades ago, our founder, Werner Haase, started Madison in 1975. Beginning as an incentive company, Madison had the first internet-based sales contest in 1995, followed a few years later by the first consolidated recognition web portal application.

 

Madison has evolved through consistent organic growth from a starter incentive company in the 1970s to a leading global social employee recognition and incentive company.  

Madison is a proud Employee Stock Ownership Plan (ESOP) company. Through our ESOP, employees earn shares in the company over time, creating an added retirement benefit that grows alongside Madison’s success. With ownership comes a deeper commitment in the work we do and the clients we serve.

 

Partnering with an ESOP company means working with people who truly care—because when we succeed, we all share in the rewards.

CONTACT

315 Madison Avenue

New York, NY 10017

212-758-4385

info@madisonpg.com

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