Training and Rewards
- Created by: Victoria Ashworth
- Created on: 02-05-13 12:56
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- Training and Rewards
- Induction Training
- Usually lasts a few weeks
- Helps new employees settle into the business
- For new employees
- Gives new eployees the basics of how to start
- Usually required to get a job in the business
- On-the-job training
- Experts can be used
- Travel costs can make it expensive
- Trainees can learn without affecting the business
- While being trained the employee isn't productive
- There is less pressure to learn quickly if they make mistakes
- Trainees aren't working with a team that they will be a part of
- Off-the-job training
- Takes the employees away for normal place of work
- Instructed by specialists of another business at a training centre
- Day release from work to attend a local college
- Work with employees from other branches of company or another business
- Experts can be used
- Travel costs make it expensive
- Learn the correct methods and make mistakes without affecting the business
- While training the employee isn't productive
- There's less pressure to learn quickly
- Fringe Benefits
- Company car
- Pension scheme
- Staff discount
- Medical discount
- Subsidised meals
- Life insurance
- The higher in the company you are, the more you get
- Non-financial rewards
- Different rewards for different people
- Pension
- The benefits you receive will be on your contract
- Not all fringe benefits are suitable to the job
- General Rewards
- Promotions
- Days out
- Tickets to sport events/concerts etc.
- More holidays
- Bonuses
- Pay rise
- If worked overtime then get extra pay
- Induction Training
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