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Articles

How can an LMS reduce employee turnover?

Employee onboarding
3 mins read

There used to be a time where an employee’s first day looked a little different to what it does today in modern companies: show up and expect for the best. Today, there seems to be a running race to see who can deliver the most streamlined and effective onboarding program.

 

In an environment with high employee turnover where it’s harder to retain top talent, it makes sense. But the reality is, onboarding matters for several reasons:

  • It integrates employees into company culture
  • New hires are provided with essential training and knowledge
  • New comers are equipped to become productive members of the team
  • Different team members get to welcome new additions

This is directly linked to lower employee churn rates. The more engaged, knowledgeable and productive an employee, the more likely they are to stay and grow within an organization. So why should HR teams prioritize a low employee churn rate in the first place?

To save costs

Churn or turnover can lead to direct costs such as separation payouts, recruitment expenses, and training costs for new hires. On average, it costs a company 33% of an employee’s salary to let them go. Additionally, it has the potential to impact indirect costs such as decreased productivity, lost knowledge and experience, and reduced team morale. 

To retain talent

High churn rates can be a concern for HR departments as retaining talented employees is crucial for an organization’s success. High-performing employees are often the backbone of a company and losing them can have a negative impact on the organization’s performance.

To enhance employer branding

A high employee turnover rate can be a red flag to potential hires and can make it more difficult for an organization to attract and retain talent.

 

How does a successful onboarding program reduce churn rates?

With Gallup’s State of the Global Workplace Report (2022) showing that 85% of the global workforce are not engaged at work, it is important to consider how an onboarding program reduces churn rates. Further, Brandon Hall Group reported a great employee onboarding can improve retention by up to 82% and productivity by up to 70%. 

 

By creating a well-structured process that helps new employees become acclimated to their new roles, the company culture, and their coworkers, onboarding programs can change the discourse. They set a strong foundation, create a positive first impression, increase employee engagement, clarify expectations, and provide support. Ultimately, this ripple effect helps organizations save money and increase efficiency. 

How is employee turnover reduced using an LMS?

A lack of training and effective onboarding leads to higher levels of disengagement. But why? The biggest reason is that it leads to a lack of organization and visibility of employee progress. Without visibility there is no way of measuring progress or motivating employees.

 

Part of creating a successful onboarding program is having the right Learning Management System (LMS) in place to facilitate training and development. Why? Because it becomes the unifier of all training and development within an organization: employees can learn independently, ask questions, collaborate, feel included by participating in training and events they otherwise wouldn’t have access to and more. 

But with 100s of LMS’s to choose from, how do you know what is best for your employees and bottomline? Here are some things to consider.

Determine your needs

Do you need to create tailored processes for each employee or do you have an existing eLearning catalog you’d like to deliver? Are your employees highly tech-savy or not so much? If they’re not, choosing an LMS with a simple design would be more appropriate.

Consider tracking and reporting needs 

All successful training requires measuring impact and progress. Consider the metrics and information you’d like to see from your employees and compare your options to see which ones align with your needs.

Don’t neglect the important of peer-to-peer learning 

Consider: will this encourage collaboration? When it comes to employee onboarding and training, we often neglect the impact of learning in teams. But we should not mistake orientation with onboarding.

 

By focusing on a collaborative approach to onboarding your team members can learn from each other and build relationships that will help them feel more integrated into the company culture.

Define your non-negotiables 

Once you have defined your needs, you can define your non-negotiables. Do employees need to access training via their phone, or will the training happen when they have access to their desktops? Are you wanting to deliver training through gamification?

 

Perhaps a robust tracking and reporting system is more important. On the other hand, social learning and high team spirit may be more important regardless of what the metrics say.

Closing remarks

Employee retention matters. One third of new employees quit after 6 months, but over 94% of  them say they would stay with their employer invested in helping them learn, they would’ve stayed longer (2023 Workplace Learning Report). 

 

If you want to get the best out of your team by supporting them with the tech that will make them the most productive, engaged and content, book a free consultation call to explore your options. With an in-house team of pedagogical expertise and a powerful collaborative LMS, WeSchool is equipped to support growing teams with the knowledge to choose the LMS that fits their needs, even if it’s not ours.

 

Employee retention matters. One third of new employees quit after 6 months, but over 94% of  them say they would stay with their employer invested in helping them learn, they would’ve stayed longer (2023 Workplace Learning Report). 

 

If you want to get the best out of your team by supporting them with the tech that will make them the most productive, engaged and content, book a free consultation call to explore your options. With an in-house team of pedagogical expertise and a powerful collaborative LMS, WeSchool is equipped to support growing teams with the knowledge to choose the LMS that fits their needs, even if it’s not ours.

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