L&D Strategy • Feb 3rd
Employee induction – the cost
of getting it wrong
Written by Claire Coughlan
What does the training strategy for new hires look like in your business?
Typically, induction training is the first major experience that a new employee will have with an organisation; they will meet their colleagues, their managers and start to get a deeper sense for how ‘things work’ from a cultural perspective.
In my experience, both as an attendee and a facilitator of these types of events, the
focus tends to be in 4 key areas:
1. Compliance training
2. Technical training
3. Processes and systems
4. Behavioural training
Providing a rich learning experience for new employees is a bit like going on a first date – fail to make a good impression and the relationship probably won’t last that long. In addition, the latest figures from Undercover Recruiter suggest that at an estimated cost of £3000 per head for recruitment and £1068 for training alone (notwithstanding all the other associated costs including salary and office equipment), it’s clear to see how getting this aspect of your learning and development strategy right is key to attracting and retaining the best talent.
Want to find out how Bodhi Consultancy can help create induction programmes which will save you money in the long term? Contact us to find out how.