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What is induction program in Bank?
Induction programmes are organised for every new Director wherein the Director is given an overview of the Bank, its vision and mission, the industry in which it operates, its business, strategies, risk management, organisation structure and other areas of relevance.
How does Union Bank of India work?
Union Bank of India is a good organisation to work with as its work culture is better than other peer PSU’s. It provides a secure job and a good package with yearly increments and gives you various perks. One of the leading banks with ranking of 4th place among all Public sector banks.
What is the purpose of induction training?
The main purpose of an induction is to integrate your new hires into the company and show them the systems, procedures, culture, values and the organisation itself. It also helps them ease into a new environment at a time when many new employees will make a call in those early days on whether to stay or leave.
How many employees does Union Bank of India have?
Recently, Andhra Bank and Corporation Bank were amalgamated into Union Bank of India with effect from 01.04. 2020. Today, it has a network of 9200+ domestic branches, 11600+ ATMs, 8216 BC Points serving over 120 million customers with 76000+ employees . The Bank’s total business as of 30th September 2021 stood at Rs.
What happens in induction training?
In human resource development, induction training is a form of introduction for new employees in order to enable them to do their work in a new profession or job role within an organisation. Training can be systematic or unsystematic training. Skills are planned for and addressed systematically through formal training.
What is the purpose of induction?
Induction provides new starters with important information regarding their new employment. The induction process serves to welcome new hires to the business and help them transition into their new role; enabling new employees to feel supported while they adjust.
Are induction days paid?
But strictly speaking, there’s no entitlement to pay when it comes to if you’re doing some work shadowing or if you are engaging in induction for the job itself, and certainly a lot of the jobs now that you see out there it’s almost built as a mini-trial period as well and it really is up to the person to attend the …
Who is CEO of Union Bank of India?
Rajkiran Rai G. (Jul 1, 2017–)
Union Bank of India/CEO