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