International Business Essay Example | Topics and Well Written Essays - 4500 words - 1

International Business - Essay Example While doing so they have to be sensitive to economic, social political and legal factors with a country. To be effective, they need to tap all available sources of supply, both internal and external. Internal promotions and transfer boost the morale of people who have served the firm loyally for a number of years. External sources, too, need to be explored regularly to bring qualified people with lots of ideas into a firm. Induction is a procedure which a superior teaches knowledge and skills to subordinate. Manager briefs the trainee about what is expected of the latter and suggest how it may be done. He also checks his performance and advices him to improve his mistakes. Induction is the task of introducing the new employees to the organization and its policies, procedures and rules. A typical formal induction programme may last a day or less in most organizations. During this time, the new employee is provided with information about the company, its history, its current position, the benefits for which he is eligible, leave rules, rest periods, etc. Also covered are the more routine things a newcomer must learn, such as the location of the rest rooms, break rooms, parking spaces, cafeterias etc. In some organizations, all this is done formally by attaching new employees to their seniors, who provide guidance on the above matters. Lectures, handbooks, films groups, seminars are also provided to new employees so that they can settle down quickly and resume the work (Rao , 2007, 167) Objectives induction serves the following purposes a. Removes fears: A newcomer steps into an organization as a stranger. He is new to the people, workplace and work environment. He is not very sure about what he is supposed to do. Induction helps a new employee overcome such fears and perform better on the job. It assists him in knowing more about The job its contents, policies rules and regulations The people with whom he is supposed to interact The terms and conditions of employment b. Creates a good impression: Another purpose of induction is to make the newcomer feel at home and develop a sense of pride in the organization. Induction helps him to Adjust and adapt to new demands of the job Get along with people Get off t a good start Through induction, a new recruit is able to see more clearly as to what he is supposed to do, how good the colleagues are, how important is the job, etc. he can pose questions and seek clarifications on issues relating to his job. Induction is a positive step, in the sense; it leaves a good impression about the company and the people working there in the minds of new recruits. They begin to take pride in their work and are committed to their jobs. c. Acts as valuable source of information: Induction serves a s a valuable source of information to new recruits through employee manuals/handbook. Informal decisions with colleagues may also clear the fog surrounding certain issues. The basic purpose of induction is to communicate specific job requirements to the employee, put them at ease and make him feel confident about