Various studies have shown that induction training directly affects employee attrition rate. It is a well-known fact that more than 25% of new employees decide to stay with or quit an organization in the first week of their stint. Employee training is very important for the organisation and delivering an effective induction training program to new employees who join the company should be its first priority. The main purpose of induction training is to integrate new employees into the company and make them understand the systems and procedures followed by the organization. Induction training helps new employees settle down quickly in the new work environment and gives them a sense of belonging. Let’s now look at the benefits of induction training, both from the perspective of the firm and the new employee.
EFFECTIVE INDUCTION TRAINING
Saves Money and Time
Induction training is the first training program in which the employee participates after he joins the organisation. Induction training provides him all the information needed to start performing his duties. If an employee is trained well in the induction program, he can easily adapt to his new role and start delivering results quickly – that’s how it saves the organization a lot of money and time.
Reduces Employee Turnover
People join a company with a lot of expectations, and at the same time, they have lot of questions about the organization. All these queries must be answered in the induction training. Ineffective induction training leaves new employee confused about the job. Employees may feel frustrated and helpless, if they are not trained properly. On the other hand, effective induction training goes a long way in increasing staff retention rate and reducing employee turnover in a big way.
Ensures Operational Efficiency
A good induction training program covers all aspects of the company thoroughly. It helps new employees become familiar with the organization’s work culture, vision, mission, and goals. At the same time, new employees understand their own role in achieving the goals of the company. This will help enhance the efficiency of employees quickly, as they adjust to the work culture of the organisation and get involved in their job. Overall, it greatly helps increase the operational efficiency of the organisation.