An Induction strategy sets out the core guidelines sp that all new employees are equipped with the correct knowledge to effectively perform in their new role.
Such a template is ideally used by the recruitment team, admin team, and Human resources mainly in introducing and hiring new members to the team. It is also vital for CEOs and managers to have an understanding of the training process as the productivity in such a top-down chain will impact end goals.
An induction strategy template helps in organizing and streamlining the onboarding process for new hires. Every organization goes through a process of trying to find the ideal candidates for the specific job role and whether it's internal or external recruitment, having a strategy in place definitely helps in managing the process.
This induction template is set out with clearly defined areas. To begin such a template. it is important to have clear areas of focus that need to be addressed. Such focus areas are important in addressing specific targets that need to be worked on.
For example within this induction template, some focus areas could be Onboarding, Managerial training, Organization, and Orientation.
The next step would be to develop strategic objectives that are specifically aligned to the set focus area.
An example within the focus area 'Streamline orientation' could be: Ensure an organized administration system
The reason behind setting such objectives is they narrowly define the goals that need to be met within that focus area. An easy way to understand this is by looking at this process as a funnel that gets more specific and direct towards what is trying to be achieved.
The next filtration process would be to implement measurable targets that are known as KPIs. These are performance indicators that are used to track how far teams and organizations are from accomplishing that objective.
Usually, within this induction template, 2-3 KPIs are set per objective to track progress and reach rate.
For instance, some potential KPIs for the Objectivereate an Amazing first impression Company Culture can be to Reduce employee turnover rate by 25% and Fill at least 20% of new roles.
Another important element to implement the project. These go hand in hand with KPIs as actions carried out to allow progress to be tracked.
For example, If focusing on the KPI 'Decrease managerial turnover rate by 15%', a project that could be implemented could be 'weekly job rotation of line manager roles'. Such a project is beneficial in not only ensuring the KPI is met but also measuring the success of such an actionable outcome.
A very useful tool to hold your employees accountable and responsible for their targets is the use of dashboards. Dashboards are important as visual tools for displaying tables and graphs to track and actually see the performance. It is also a good way to distinctly separate KPIs and projects and other areas that want to be monitored.
Within this Induction strategy template, there are two dashboards that have been created.
An industry centric Human Resource template to guide organizations with employee management and KPI deliverables.
A strategic financial plan to allocate and distribute financial resources to meet current and future strategic objectives.
A growth strategic template focusing on the future direction of your organization