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Home > QFINANCE Dictionary > Definition of induction

Definition of


HR & Personnel

process for integrating new worker a process through which a new employee is integrated into an organization, learning about its corporate culture, policies, and procedures, and the specific practicalities of his or her job. An induction program should not consist of a one-day introduction, but should be planned and paced over a few days or weeks. In the United States there is a growing use of boot camps, which work to assimilate a new employee rapidly into the culture of the employing organization.

Related definitions of "induction"

induction - Related Articles
  • Bill Hambrecht


    in 1957 and was inducted to the American Academy of Arts and Sciences in October 2006.

  • Martin S. Fridson


    ever inducted into the Fixed Income Analysts Society Hall of Fame.

  • Frank J. Fabozzi


    Professor Fabozzi is a consultant to several financial institutions, is on the board of directors of the BlackRock complex of closed-end funds, and is on the advisory council for the Department of Operations Research and Financial Engineering at Princeton University. He was inducted into the Fixed Income

  • Real Options: Opportunity from Risk

    Best Practice

    When an option pricing formula cannot be applied, there are two other ways to value real options: One using backward induction (best for decision trees) and one using simulation (best for problems with continuous input price changes). As an example of option valuation using backward induction
    By David Shimko


Definitions of ’induction’ and meaning of ’induction’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’induction’ and other financial terms with our online QFINANCE Financial Dictionary.

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