Successful onboarding is a critical element of a new hire experience. According to a Gallup study, study, only 12% of the respondents feel that their companies have given them a complete and impactful onboarding.
Roughly 1 in 10 employees strongly agree that their organization practices successful onboarding.
Creating a successful onboarding program entails detailing different aspects that new hires need to learn to make it easier for them to perform their jobs effectively, especially during a time of hybrid or remote work. Successful onboarding can be incredibly challenging in the finance and accounting arena as knowledge of industry-specific software, tech tools and programs are often required depending on the company or position.
Here we look at 3 onboarding strategies specific to an Accounting Executive. However, many of these onboarding techniques apply across industries and employment sectors.
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Standardize onboarding strategies to target productivity for both remote and in-person work
An Account Executive role has a direct impact on revenue generation that affects the company’s overall goals. Therefore, creating a successful onboarding program for both remote and in-person work will enable a new hire to have a full grasp of the company’s culture, ideals, business, clients, etc. in hybrid work situations. And standardized onboarding strategies will create a sense of belonging for a new hire as all employees will have the same life cycle.
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Successful onboarding builds mutual trust and aligns with the company’s vision and culture
Creating a successful onboarding program can quickly establish alignment between a newly hired Accounting Executive and the company, which will influence their relationships with the other team members. Through well-thought-out onboarding strategies, the new hire can be exposed to the company’s values, standards, work processes, etc. Having a good foundation of trust and alignment leads to higher job satisfaction, increased productivity and efficiency.
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Effective onboarding strategies invest in training and recruitment strategies
Employees who experience a more successful onboarding experience enhance their motivation to contribute to the company. However, when a new hire’s experience is not organized and well thought out, there is a 50% chance the new hire will start off their new role with a bad impression, or worse—they’ll leave the company.
The Accounting Executive role also includes a lot of technical aspects that require a number of training sessions, which should be part of any employee onboarding strategy. Investing heavily in training and recruitment will increase the likelihood of a successful onboarding experience and have a positive impact on employee retention. Especially in this hybrid era, it is important for companies to be able to find new ways to execute processes, applying user-friendly systems and working within industry standards that will transcend the line between working from home and in-person.
Creating a successful onboarding program that is fluid for remote and in-person work entails a lot of research, planning and organization. Even though there may be an ongoing need to adjust or pivot onboarding strategies, the return on investment is worth it.
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