What Induction Training Holds for the Company and the Employees?

Almost all employees go through an induction training program as soon as they join an organization. It's a quick and effective way to train new joiners and employees in a new position. Induction training provides employees with a smooth entry into the company by providing them with the information they need to get begun. The goals of induction training are in line with those of the wider induction procedure.

The induction itself is generally conducted within the workplace by competent trainers and speakers in a presentation format. Induction training can also be in a written proforma, which can be sent to a new employee before they start.

The induction training should satisfy two fundamentals: -

• The new employee will know about the specific task that they will do within the whole system of the organization.
• The manager can get a successful analysis of the trainees which can help the manager when they hit the work bay.

The induction procedure familiarizes new employees with the business and the people. Induction training transforms the new joiners into productive assets as quickly as possible.

How Companies Benefit from Induction Training?

Induction training has many benefits for organizations and their employees. For the organization, an efficient induction training system has the following advantages: -

1.     Saves time and company money: Induction training provides all the information required to help a new joiner which will help them in performing their duties. The better and more efficient the training, the faster will be the results delivered by the employee.

2.    Decrease employee turnover: When a new employee joins a company, he has many questions about his new profile and the company itself that require to be answered. The more quickly he gets an answer to all the queries, the more confident he will feel about his new position and the company.

3.    Confirm productive efficiency: An effective training helps the employees in understanding the company's culture and its values. Also, keeping all recruits and employees on the same page ensures quality and consistency across all the company's products and services.

Why is it important for employees?

Apart from the benefits to the organization there are various benefits for the employee too. It can help the employees in many ways before joining the organization, some of which include

A.   Boosts the confidence and determination: A good induction training is like a big welcome hug which makes the employees feel valued, respected and a part of something bigger than themselves. It provides them with confidence and encouragement which helps in delivering results.

B.   Provides the necessary information: A comprehensive induction training assists the employee in getting the important information related to the job and clarifies the companies’ expectations from him. Learning the company culture and policies makes it easier to adapt to the work environment.

C.   Helps to establish good communication: By learning how the company communicates and its structure, the new employee knows exactly where and who to look for when he requires information or has questions.

How we do it at CapitalVia

Keeping all these pointers in mind, whenever new recruits join CapitalVia, they are welcomed with a rose, some stationeries and a schedule of their meetings with all the department heads and the CEO. A robust training program follows the induction. It consists of classroom trainings in which they learn about how the market works, basics of trading, the rules and regulations in the stock market and much more. They have online courses to help them understand the market better as well. They also have to take an online test based on what they have learned, so that we can monitor their understanding and customize a learning module that will help them understand the market better.

Then follows mentors and ‘On the Job Training’ where they get more hands-on practice of what they will be doing in the company whether it is designing campaigns, interacting with clients, audits, etc. For us, training and development is an ongoing process.

Whether a person has been working for four days or four years doesn’t matter, we plan on imparting new knowledge to them every day. Thus, we organize guest lectures, motivational seminars, leadership workshops and many other activities frequently. Additionally, we encourage everyone to get NISM certificates and enroll for courses. We reimburse the costs associated.

Such vigorous training helps improve the performance of our employees, but it’s not the only way we boost their performance.