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Build with Leila Hormozi

Exactly How To Onboard New Hires | Ep 235

Build with Leila Hormozi

Leila Hormozi

Education, Entrepreneurship, Management, How To, Business

5867 Ratings

🗓️ 31 January 2025

⏱️ 23 minutes

🧾️ Download transcript

Summary

Want to scale your business? Click here.

Welcome to Build where we talk about the lessons I have learned in scaling big businesses, gaining millions in sales, and helping our portfolio companies do the same. Buckle up, because we’re creating an unshakeable business.

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Transcript

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0:00.0

What is up? Welcome back to build. And today I want to talk about something super tactical for those

0:05.0

business owners in my audience, which is how to onboard new hires. So the reason I want to talk about this

0:11.4

is I have gotten so many questions recently. And one stood out to me in particular. And it was a question

0:18.2

with a gentleman who came to one of my workshops. And he was

0:22.5

asking me what to do about this person who, you know, they're three months in. And he's like,

0:27.4

they're just definitely not a good fit. And when he described everything, because I answer so many

0:32.6

of these questions, as he's describing what this person's doing, he's saying, oh my gosh,

0:36.5

they're not doing this right.

0:38.8

They're not doing this.

0:39.9

They're acting like this.

0:41.0

They're talking to people like this.

0:44.3

And what I asked him is I said, okay, heard.

0:46.3

Like obviously those things are not what you want.

0:57.8

But I guess my question for you is, you know, did you tell this person what you expected of them. Did you let them know when you saw them do this thing that was against your culture, that it was against your culture? Did you give them feedback? And the answer was no. And it really got me thinking about a topic that I hadn't talked about a while,

1:02.4

but it's just so important to literally anything that you're doing in business, which is onboarding

1:07.2

new hires. I know it sounds dry and it sounds boring, but like, I think one of the

1:11.7

best decisions I ever made was to put an exorbitant amount of effort on onboarding more than a lot of

1:17.8

other companies do. And the reason specifically that I want to do this is it's somewhere like

1:23.7

20 to 40 percent of new hires actually quit or are terminated in the first 100 days.

1:28.7

And so what that means is if you're not actively, you know, creating the onboarding experience,

1:33.8

then you're essentially, there's an experience. It's just not the one that you wanted, right?

1:38.4

And essentially, you're burning all the money and all the time that you spent trying to find

...

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