Effective Onboarding As A Talent Management Tool For Employee Retention Joseph Divya1, Dr. Sridevi M Sandhya2 1Ph. D. Research Scholar Department of Commerce & Management Studies, Andhra University, Visakhapatnam, 530003 2Professor Department of Commerce & Management Studies, Andhra University, Visakhapatnam, 530003 Online published on 22 June, 2018. Abstract A research report by Aberdeen Group Research Co. says that-The relationship between the new employee and the manager is the determining factor in whether the new employee stays with an organization. Yet, most organizations are not making efforts to establish a precursory connection, or at least measure the outcomes of their targeted programs. The problem lies in overlooking of such an important and inevitable step that is an under-served niche and undermined because of its incorrectly assumed indirect impact on the freshrecruits. Many companies still tend to focus on archaicways of dealing with talent. The overriding goal remains indoctrinating new employees into the organizational culture instead of integrating the disparate HR initiatives to synthesizea result driven retention policy, by giving weightage to every possible element of talent management. Organizations are now increasingly waking up to this fact and focussing their attention not only on the best prevailing or imaginative hiring practices, but on retaining their talent pool through attraction rather than coercion and thereafter treasuring talent as a valued possession, which holds the key to competitive advantage and hence long term success. The first extensive exposure of a newcomer to an organization is the phase of ‘onboarding’, which determines whether the employee is convinced enough to stay put or not. A lot of companies have started paying attention to effective onboarding practices and that's why those bunch of companies remain to be the known existing successful talent management players in their respective industries. It seems that there is a pretty clear connection between successful onboarding and a successful employee. With this background, the paper presents the significance of the practice of onboarding. Authors reviewed vast existing literature on talent management, talent retention and concept of onboarding for the purpose of this article. The article delves into the significance of onboarding and analyses its application. It reviews why onboarding must be introduced in all establishments for organisational socialisation of new employees. This paper looks into how Onboarding: The first line of engagement, serves as a critical instrument of talent management to retain newbies. Top Keywords Employee Retention, Onboarding, Organizational Socialization, Talent Management. Top |