What is meant by induction or orientation training? State any three benefits of induction training.

(a) Those who benefit from higher inflation are debtors and those who suffer from it are creditors. If one has substantial debt, each rupee one has to repay would be...

Formal organisation refers to the organisation structure which is designed by the management to accomplish its objectives. Advantages: (a) It is easier to fix responsibility since mutual relationships are clearly...

Informal organisation is a network of personal and social relations which are not established or required by the formal organisation but arising spontaneously due to people associating themselves with one...

Delegation of authority refers to the downward transfer of authority from a superior to a subordinate. Its main elements are authority, responsibility and accountability. Importance of delegation- (i) Effective Management:...

Apprenticeship Training Method. Under this method, the trainee works under the guidance of a master worker for a uniform or fixed period of time, to acquire higher level of skill.

Induction Training refers to the process of introducing the selected employees to other employees and familiarising them with the rules and policies of the organisation.

Reasons, why training is important for an organisation: (a) It avoids wastage of efforts and money by systematic learning of skills. (b) It enhances employee's productivity, leading to the higher...

Training is a life long necessity for employees: (i) It leads to better career of the individual. (ii) It helps them to earn more by increased performance. (iii) It increases the satisfaction and...

1. Economic Benefits  (a) It involves greater economic flows among various countries.  (b) It has enhanced trade in commodities among countries.  (c) The restrictions on the imports and the movement of capital have also been...