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Induction training ensure staff are equipped with the necessary skills, motivation and capacity for productivity to achieve organisational goals. [13] Induction training also helps to provide individuals with a professional impression of the company and its aims and objectives allowing new entrants to work towards these aims and exceed them.
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. The process will cover the employer and employee rights and the terms requirements for working at the company and pay attention to the health and ...
This process is known in other parts of the world as an 'induction' [3] or training. [4] Studies have documented that onboarding process is important to enhancing employee retention, improving productivity, and fostering a positive organizational culture. [5] Socialization techniques such as onboarding lead to positive outcomes for new employees.
The theory of TPI is an attempt to reconcile theoretical understanding of organizational socialization such as the process of integration. [1]TPI-theory refers that new employees need to develop theoretical (T) and practical (P) skills towards the performance of the new job, but also satisfy needs of (I) interaction that exist among the new employees. [2]
For example, a business plan for a non-profit might discuss the fit between the business plan and the organization's mission. Banks are quite concerned about defaults, so a business plan for a bank loan will build a convincing case for the organization's ability to repay the loan.
Franchising is a way for small business owners to benefit from the economies of scale of the big corporation (franchiser). McDonald's and Subway are examples of a franchise. The small business owner can leverage a strong brand name and purchasing power of the larger company while keeping their own investment affordable.
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