What is Bank induction program?

Induction programmes are organised for every new Director wherein the Director is given an overview of the Bank, its vision and mission, the industry in which it operates, its business, strategies, risk management, organisation structure and other areas of relevance.

Is induction program necessary?

Benefits. An induction programme is an important process for bringing staff into an organisation. It provides an introduction to the working environment and the set-up of the employee within the organisation. Good induction programmes can increase productivity and reduce short-term turnover of staff.

What happens during induction?

Within the workplace, an induction refers to the process of getting new employees acquainted with your business, helping them to settle in and giving them the information required for them to become a valuable team member.

What are the benefits of the induction Programme?

Benefits of effective induction training to the organization

• Saves a lot of money and time.
• Reduces employee turnover.
• Ensures operational efficiency.
• Makes the new employee feel respected and valued.
• Provides the necessary information.
• Helps in establishing good communication.

What are the steps in induction program?

There will be a lot to take in; start slow and build up – allow time to reflect and ask questions.

• Meet and Greet. Welcome the new employee, show them where they will be working, sort out any admin or paperwork, ID badges etc.
• Introductions.
• Allocate a Buddy.
• Be sociable.
• Get them settled.

What are the benefits of induction Programme?

What is the importance of induction?

The main purpose of an induction is to integrate your new hires into the company and show them the systems, procedures, culture, values and the organisation itself. It also helps them ease into a new environment at a time when many new employees will make a call in those early days on whether to stay or leave.

Why do new employees need induction?

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.