Benefits of a Good Induction Programme and Costs of a Poor Induction Programme
Benefits of a Good Induction Programme and Costs of a Poor Induction Programme
Benefits of a Good Induction Programme
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Familiarity with the Organisation: A well-structured induction programme helps new hires understand the company’s culture, vision, mission, and work ethics. This early understanding fosters a sense of belonging.
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Role Clarity : It helps the new employee understand their role, responsibilities, and sets clear performance expectations.
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Boosts Confidence: Being introduced to new colleagues and company workflow through an induction programme helps boost confidence of the new employees, aiding them hit the ground running.
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Retention Strategy: By investing in a good induction programme, businesses demonstrate value towards employees, reducing employee turnover.
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Promotes Productivity: A good induction shortens the learning curve, helping new hires become productive quicker.
Costs of a Poor Induction Programme
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Low Morale: Poor induction programme can leave new hires confused and anxious, potentially leading to low morale and motivation.
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Higher Turnover: Lack of clarity and understanding often results in dissatisfaction and higher employee turnover. This can deal a severe blow to both company reputation and finances.
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Negative Impact on Performance: Without an adequate induction, employees may lack important knowledge and skills, which can negatively affect their performance and productivity.
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Increased Training Costs: A poor induction may result in the repeated training of employees to cover gaps left by the initial inefficient induction programme, increasing cost.
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Diminished Reputation: High employee turnover rate due to poor induction can tarnish the company’s reputation, making it less attractive to potential hires.