a formal onboarding process also helps to speed new hires to productivity and improves hiring manager satisfaction. The ROI is apparent. Studies suggest a year one ROI can be close to $80,000 for a company with 200 employees
(PRWEB) August 31, 2015
HR executives are challenged to find new ways to improve upon their strategies for improving a company’s productivity while also controlling staffing costs. It is well understood that a universal goal for any HR department is to hire the right employee the first time. The Wynhurst Group reports 22 percent of staff turnover occurs in the first 45 days of employment. By ensuring new employees are prepared to succeed from the start helps to mitigate this alarming statistic. This is why Employee Based Systems has developed EBSHire as their fully integrated onboarding solution.
Employee Based System and their team of developers are proud to announce the launch of EBSHire. This is the newest addition to the EBS PaySuite line of HRIS solution. “EBSHire is changing the landscape for us”, says Jim Duty, President of EBS. “This allows us to complete the suite for HRIS solutions. Adding EBSHire gives our clients the opportunity to reduce their risk of exposure, save time and save money by automating their process for onboarding.” Duty says.
Why is this new functionality so important? According to SHRM’s most recent onboarding study, nearly half of all hourly workers leave new jobs within the first four months and half of outside senior hires fail within 18 months. The Aberdeen Group supplements this by showing that a formal onboarding process also helps to speed new hires to productivity and improves hiring manager satisfaction. The ROI is apparent. Studies suggest a year one ROI can be close to $80,000 for a company with 200 employees assuming average rate of growth and turnover.
For EBS it goes beyond the numbers. “We recognize that employee onboarding programs differ from company to company so we designed EBSHire with that in mind.” Satya Gopal, VP of Product Development for EBS. “Our team set out to create a solution that was powerful yet simple to use. We understand if we create a product that is easy to use it will empower the HR staff thereby increasing the utilization rate and subsequent success of the organization’s onboarding program.”
EBSHire includes onboarding requirements like forms, documents, electronic signatures, and manuals all built into a task-driven workflow which is a must-have for HR executives looking to add efficiency and accuracy into their onboarding program. A current HR Director who has recently converted to EBSHire agrees, “By automating the process of collecting and managing new hire documentation we are confident in our ability to increase compliance, accuracy and efficiency.”
EBSHire is available now for current EBS clients interested in adding to their solution set to gain control over their current onboarding processes as well as new clients who want to maintain a full HRIS system that is 100% web-native and built on a single database.
For more information, contact the team at Employee Based Systems
Employee Based Systems
Employee Based Systems is full service software consulting firm and software development company specializing in the design, implementation, and support of Human Resources, Payroll, Onboarding, and Time and Labor Management software solutions. With over 20 years in the industry, and a seasoned staff of developers, consultants, and technical support personnel, Employee Based Systems is the premier choice for all your software needs in these areas.
EBSPaySuite- the only truly integrated web-based Payroll, HR, Time & Attendance solution your company will want to consider. We invite you to explore the website http://www.getebs.com and learn more about Employee Based Systems. We change the way you do business!!!!