Business

The Amazing Benefits of Employee Onboarding Software

Did you know that replacing an employee costs about 6-9 months’ salary on average?

Hiring new employees is hard. You need to find the best people, interview them, and then figure out how to get them up to speed on your company’s policies and procedures.

It can take weeks or even months for a new employee to feel fully comfortable in their role. Not only is this a waste of time and money for the company, but it’s also very frustrating for the new employee.

Employee onboarding software makes the process of hiring and training new employees much easier. This software helps you quickly and easily create an online onboarding program that covers everything from your company’s history to its policies and procedures.

New employees can complete their onboarding program at their own pace, which makes the process less stressful for everyone involved.

Keep reading to see all of the amazing benefits that you’ll experience using employee onboarding software!

What Is Online Onboarding Software?

Onboarding software is a type of HR tool that helps new employees adjust to their roles within a company. It can provide a variety of resources, such as job descriptions, training materials, and contact information for mentors or supervisors.

Additionally, online onboarding software can offer social networking features that help new hires connect with their co-workers.

What Are the Benefits of Online Onboarding Software?

There are many reasons why your business should start using online onboarding software. These benefits include:

Increased Productivity

Online onboarding software can help new employees hit the ground running by providing them with all of the resources they need to be successful in their roles. By having everything in one place, new hires will waste less time trying to find information and can instead focus on being productive.

Improved Communication

Online onboarding software can help improve communication between new hires and their supervisors or mentors. By having a central place for questions and answers, new hires will feel more comfortable asking for help when they need it.

Additionally, online onboarding software can help reduce the number of emails that are sent back and forth between new hires and their supervisors.

Enhanced Engagement

Online onboarding software can help new employees feel more engaged with their work and with their co-workers. By providing social networking features, new hires can connect with their co-workers and feel like they are part of a community.

Additionally, online onboarding software can help new hires stay up-to-date on company news and announcements.

Increased Retention

Online onboarding software can help reduce turnover by making sure that new employees are properly trained and supported. By providing resources and support, online onboarding software can help new employees feel like they are valued members of the team.

Additionally, online onboarding software can help new hires feel like they have a clear path for career growth within the company.

Reduced Costs

Online onboarding software can help reduce the costs associated with onboarding new employees. By having all of the resources that new hires need in one place, businesses can save money on printing and shipping costs. Additionally, online onboarding software can help businesses save money on training costs by providing self-paced learning modules.

Reaching Far-Flung Employees

Businesses with employees in multiple locations can use online onboarding software to provide a consistent onboarding experience for all employees, no matter where they are located. Additionally, online onboarding software can help businesses stay compliant with employment laws in multiple jurisdictions.

Improved Customer Service

Online onboarding software can help businesses improve their customer service. It does this by making sure that new employees are properly trained. By providing new hires with the resources they need to be successful, businesses can ensure that their customers will receive the best possible service.

Reduced Paperwork

Online onboarding software can help businesses reduce the amount of paperwork associated with onboarding new employees. By having all of the forms and documents that new hires need in one place, businesses can save time and money on printing and shipping costs.

Increased Efficiency

Online onboarding software can help businesses increase their efficiency. It does this by automating the onboarding process. By having all of the resources that new hires need in one place, businesses can save time on training and onboarding costs.

A Better Employee Experience

Online onboarding software can help businesses create a better employee experience. It does this by making sure that new hires are properly trained. By providing new hires with the resources they need to be successful, businesses can ensure that their employees will have a positive experience.

Streamlined Processes

Online onboarding software can help businesses streamline their processes. It does this by making sure that new hires are properly trained. By providing new hires with the resources they need to be successful, businesses can ensure that their processes will run smoothly.

Enhanced Collaboration

Online onboarding software can help businesses enhance their collaboration. It does this buy by making sure that new hires are properly trained. By providing new hires with the resources they need to be successful, businesses can ensure that their employees will have a positive experience.

Improved Time Management

Online onboarding software can help businesses improve their time management. It does this by making sure that new hires are properly trained. By providing new hires with the resources they need to be successful, businesses can ensure that their employees will have a positive experience.

Fewer Mistakes

Online onboarding software can help businesses reduce the number of mistakes made during the onboarding process. By having all of the resources that new hires need in one place, businesses can save time and money on training and onboarding costs.

Greater Engagement

Online onboarding software can help businesses increase employee engagement. It does this by making sure that new hires are properly trained. By providing new hires with the resources they need to be successful, businesses can ensure that their employees will have a positive experience.

Saving Money on Training and Onboarding Costs

Online onboarding software can help businesses save money on training and onboarding costs. It does this by making sure that new hires are properly trained. By providing new hires with the resources they need to be successful, businesses can ensure that their employees will have a positive experience.

Automating Employee Tasks

Online onboarding software can help businesses automate employee tasks. It does this by making sure that new hires are properly trained. By providing new hires with the resources they need to be successful, businesses can ensure that their employees will have a positive experience.

Improving the Employee Experience

Online onboarding software can help businesses improve the employee experience. It does this by making sure that new hires are properly trained. By providing new hires with the resources they need to be successful, businesses can ensure that their employees will have a positive experience.

Reducing the Risk of Litigation

Some businesses use online onboarding software to make sure new employees are properly trained. This can help reduce the risk of litigation. With the resources they need, businesses can ensure that their employees will have a positive experience.

How Can You Implement Online Onboarding Software?

If you’re interested in implementing online onboarding software, there are a few things to keep in mind. Let’s look at them now:

What Features Do You Need?

When you’re selecting online onboarding software, be sure to choose a tool that offers the features you need. For example, if you want to provide new hires with job descriptions and training materials, look for a tool that offers those resources. Additionally, if you want to offer social networking features, make sure the software you select includes them.

How Much Does It Cost?

The cost of onboarding software can vary depending on the features you need. Be sure to compare the costs of different software options before making a decision.

What Is the Learning Curve?

When you’re implementing any new software, there’s always a learning curve. Be sure to take this into account when you’re choosing online onboarding software. Look for a tool that’s easy to use and offers training materials or customer support to help you get started.

By keeping these things in mind, you can be sure to choose the right online onboarding software for your business.

How to Get Started With Online Onboarding Software?

Now that you know the benefits of online onboarding software, you might be wondering how to get started. Here are a few tips:

1. Choose the Right Software for Your Business

When it comes to choosing business software, there are a lot of factors to consider. With so many different options on the market, it can be difficult to know where to start. However, research is crucial in making sure you choose the right software for your needs.

First, you’ll want to identify what features are most important to your business. Then, you can begin comparing the costs and benefits of different products. You may also want to ask for recommendations from other business owners or look for online reviews. By taking the time to do your research, you can be sure to find the best software for your business.

2. Make Sure the Software Is Easy to Use

It’s important to choose the right tool for the job. If you’re looking for a tool to help with a specific task, it’s important to choose one that’s easy to use and offers training materials or customer support to help you get started. A tool that’s difficult to use can be frustrating and time-consuming, and it may not give you the results you’re looking for.

Look for a tool that’s easy to use and offers training materials or customer support to help you get started. With the right tool, you’ll be able to get the job done quickly and easily.

3. Train Your Employees on How to Use the Software

When it comes to choosing business software, there are a lot of options out there. It can be tough to decide which one is right for your company. Once you’ve made your decision, it’s important to make sure your employees are properly trained on how to use the software.

This will help them get the most out of it and make the onboarding process as smooth as possible. The last thing you want is for your employees to be struggling with the software from day one. A little bit of training can go a long way in making sure they’re able to hit the ground running.

4. Set Up Your Employee Portal

If you want to create a custom employee portal, be sure to set it up before you start using the software. This will make it easy for employees to find the resources they need.

5. Start Using the Software

Now that you’ve chosen and set up your online onboarding software, it’s time to start using it! Be sure to use it consistently and keep track of how it’s working for your business. You can always make changes or adjustments as needed.

If you’re ready to start using the best onboarding software, check out https://workbright.com/employee-onboarding-software/.

Ready to Start Using Onboarding Software?

So, if you’re still not convinced that employee onboarding software is a necessity for your business, we’ve got one more benefit for you. Employee onboarding software can also be used as a learning management system (LMS), which means your employees can use it to track their own professional development and growth.

And finally, onboarding software is a great way to keep track of who has been hired and who needs to be processed through the HR department.

If you’re ready to improve your hiring process and hire new employees that are perfect for the role, check out our blog for more articles like this.

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Business

PepsiCo Reduces Revenue Projections As North American Snacks And Key International Markets Underperform.

(VOR News) – In the third quarter of this year, Pepsi’s net income was $2.93 billion, which is equivalent to $2.13 per share. This was attributed to the company.

This is in stark contrast to net income of $3.09 billion, which is equivalent to $2.24 per share, during the same period in the previous year. The company’s earnings per share were $2.31 when expenses were excluded.

Net sales decreased by 0.6%, totaling $23.32 billion. Organic sales increased by 1.3% during the quarter when the effects of acquisitions, divestitures, and currency changes are excluded.

Pepsi’s beverage sales fell this quarter.

The most recent report indicates that the beverage and food sectors of the organization experienced a 2% decline in volume. Consumers of all income levels are demonstrating a change in their purchasing habits, as indicated by CEOs’ statements from the previous quarter.

Pepsi’s entire volume was adversely affected by the lackluster demand they encountered in North America. An increasing number of Americans are becoming more frugal, reducing the number of snacks they ingest, and reducing the number of times they purchase at convenience stores.

Furthermore, Laguarta observed that the increase in sales was partially attributed to the election that occurred in Mexico during the month of June.

The most significant decrease in volume was experienced by Quaker Foods North America, which was 13%. In December, the company announced its initial recall in response to a potential salmonella infection.

Due to the probability of an illness, the recall was extended in January. Pepsi officially closed a plant that was implicated in the recalls in June, despite the fact that manufacturing had already been halted.

Jamie Caulfield, the Chief Financial Officer of Pepsi and Laguarta, has indicated that the recalls are beginning to have a lessening effect.

Frito-Lay experienced a 1.5% decline in volume in North America. The company has been striving to improve the value it offers to consumers and the accessibility of its snack line, which includes SunChips, Cheetos, and Stacy’s pita chips, in the retail establishments where it is sold.

Despite the fact that the category as a whole has slowed down in comparison to the results of previous years, the level of activity within the division is progressively increasing.

Pepsi executives issued a statement in which they stated that “Salty and savory snacks have underperformed year-to-date after outperforming packaged food categories in previous years.”

Pepsi will spend more on Doritos and Tostitos in the fall and winter before football season.

The company is currently promoting incentive packets for Tostitos and Ruffles, which contain twenty percent more chips than the standard package.

Pepsi is expanding its product line in order to more effectively target individuals who are health-conscious. The business announced its intention to acquire Siete Foods for a total of $1.2 billion approximately one week ago. The restaurant serves Mexican-American cuisine, which is typically modified to meet the dietary needs of a diverse clientele.

The beverage segment of Pepsi in North America experienced a three percent decrease in volume. Despite the fact that the demand for energy drinks, such as Pepsi’s Rockstar, has decreased as a result of consumers visiting convenience stores, the sales of well-known brands such as Gatorade and Pepsi have seen an increase throughout the quarter.

Laguarta expressed his opinion to the analysts during the company’s conference call, asserting, “I am of the opinion that it is a component of the economic cycle that we are currently experiencing, and that it will reverse itself in the future, once consumers feel better.”

Additionally, it has been noted that the food and beverage markets of South Asia, the Middle East, Latin America, and Africa have experienced a decline in sales volume. The company cut its forecast for organic revenue for the entire year on Tuesday due to the business’s second consecutive quarter of lower-than-anticipated sales.

The company’s performance during the quarter was adversely affected by the Quaker Foods North America recalls, the decrease in demand in the United States, and the interruptions that occurred in specific international markets, as per the statements made by Chief Executive Officer Ramon Laguarta.

Pepsi has revised its forecast for organic sales in 2024, shifting from a 4% growth rate to a low single-digit growth rate. The company reiterated its expectation that the core constant currency profitability per share will increase by a minimum of 8% in comparison to the previous year.

The company’s shares declined by less than one percent during premarket trading. The following discrepancies between the company’s report and the projections of Wall Street were identified by LSEG in a survey of analysts:

SOURCE: CNBC

Business

Old National Bank And Infosys Broaden Their Strategic Partnership.

(VOR News) – Old National Bank, a commercial bank with its headquarters in the Midwest, and Infosys, a firm that specializes in information technology, have recently entered into a strategic expansion of their link, which has been in place for the past four years.

This expansion is more likely to take place sooner rather than later, with the likelihood being higher.

For the purpose of making it possible for Old National Bank to make use of the services, solutions, and platforms that are offered by Infosys, the objective of this expansion is to make it possible for the bank to transform its operations and processes through the application of automation and GenAI, as well as to change significant business areas.

This lets the bank leverage Infosys’ services, solutions, and platforms.

Old National Bank Chairman and CEO Jim Ryan said, “At Old National, we are committed to creating exceptional experiences for both our customers and our fellow employees.”

This statement is applicable to Old National Bank. Infosys is carefully managing the business process innovations that it is putting us through, putting a strong emphasis on efficiency and value growth throughout the process to ensure that it is carried out efficiently.

This is a routine occurrence throughout the entire operation. Because of Infosys’ dedication to our development and success, we are incredibly appreciative of the assistance they have provided.

Old National has been receiving assistance from Infosys in the process of updating its digital environment since the year 2020, according to the aforementioned company.

Ever since that time, the company has been providing assistance. The provision of this assistance has been accomplished through the utilization of a model that is not only powerful but also capable of functioning on its own power.

Infosys currently ranks Old National thirty-first out of the top thirty US banks.

This ranking is based on the fact that Old National is the nation’s largest banking corporation.

It is estimated that the total value of the company’s assets is approximately fifty-three billion dollars, while the assets that are currently being managed by the organization are valued at thirty billion dollars.

Dennis Gada, the Executive Vice President and Global Head of Banking and Financial Services, stated that “Old National Bank and Infosys possess a robust cultural and strategic alignment in the development, management, and enhancement of enterprise-scale solutions to transform the bank’s operations and facilitate growth.”

This remark referenced the exceptional cultural and strategic synergy between the two organizations. Dennis Gada is the one who asserted this claim. This was articulated explicitly concerning the exceptional cultural congruence and strategy alignment of the two organizations.

We are pleased to announce that the implementation of Infosys Topaz will substantially expedite the transformation of Old National Bank’s business processes and customer service protocols. We are exceedingly enthusiastic about this matter. We are quite thrilled about this specific component of the scenario.

Medium-sized banks operating regionally will continue to benefit from our substantial expertise in the sector, technology, and operations. This specific market segment of Infosys will persist in benefiting from our extensive experience. This phenomenon will enable this market sector to sustain substantial growth and efficiency benefits.

SOURCE: THBL

Business

American Water, The Largest Water Utility In US, Is Targeted By A Cyberattack

The largest regulated water and wastewater utility company in the United States stated Monday that it had been the target of a cyberattack, forcing the company to halt invoicing to consumers.

American Water, The Largest Water Utility In US, Is Targeted By A Cyberattack

American Water, based in New Jersey and serving over 14 million people in 14 states and 18 military facilities, said it learned of the unauthorized activity on Thursday and quickly took precautions, including shutting down certain systems. The business does not believe the attack had an impact on its facilities or operations and said employees were working “around the clock” to determine the origin and scale of the attack.

water

The corporation stated that it has alerted legal enforcement and is cooperating with them. It also stated that consumers will not be charged late fees while its systems are unavailable.

According to their website, American Water operates over 500 water and wastewater systems in around 1,700 communities across California, Georgia, Hawaii, Illinois, Indiana, Iowa, Kentucky, Maryland, Missouri, New Jersey, Pennsylvania, Tennessee, Virginia, and West Virginia.

SOURCE | AP