Placement is a process of assigning a specific job to each of the selected candidates. It involves assigning a specific rank and responsibility to an individual. It implies matching the requirements of a job with the qualifications of the candidate.
Significance of placement are as follows:
- It improves employee morale.
- It helps in reducing employee turnover.
- It helps in reducing absenteeism.
- It helps in reducing accident rates.
- It avoids misfit between the candidate and the job.
- It helps the candidate to work as per the predetermined objectives of the organization.
Once an employee is selected and placed on an appropriate job, the process of familiarizing him with the job and the organization is known as induction.
Induction is the process of receiving and welcoming an employee when he first joins the company and giving him basic information he needs to settle down quickly and happily and stars work.
Objectives of induction
- To help the new comer to overcome his shyness and overcome his shyness nervousness in meeting new people in a new environment.
- To give new comer necessary information such as location of a café, rest period etc.
- To build new employee confidence in the organization.
- It helps in reducing labor turnover and absenteeism.
- It reduces confusion and develops healthy relations in the organization.
- To ensure that the new comer do not form false impression and negative attitude towards the organization.
- To develop among the new comer a sense of belonging and loyalty to the organization.
The advantages of formal induction are:
- Induction helps to build up a two-way channel of communication between management and workers.
- Proper induction facilitates informal relation and team work among employee.
- Effective induction helps to integrate the new employee into the organization and to develop a sense of belonging.
- Induction helps to develop good relation.
- A formal induction programme proves that the company is taking interest in getting him off to good start.
- Proper induction reduces employee grievances, absenteeism and labor turnover.
- Induction is helpful in supplying information concerning the organization, the job and employee welfare facilities.
Contents of induction Programme
- Brief history and operations of the company.
- The company’s organization structure.
- Policies and procedure of the company.
- Products and services of the company.
- Location of department and employee facilities.
- Safety measures.
- Grievances procedures.
- Benefits and services of employee.
- Standing orders and disciplinary procedures.
- Opportunities for training, promotions, transfer etc.
- Suggestion schemes.
- Rules and regulations