Final answer:
The event typically hosted by organizations for employees with similar job functions is training, particularly an orientation period for new employees to learn about company culture and specific job roles. Training effectiveness is supported by studies showing positive outcomes in learning, behavior, and productivity. Additionally, there's an upward trend in continuous education.
Step-by-step explanation:
The process typically hosted by an organization and targeted to groups of employees with similar job functions is training. An essential part of this training is the orientation period, where new employees learn about company policies, practices, and culture. This includes an introduction to the organizational culture covering the company's values, visions, and operational procedures.
Training is geared towards aiding the individual in their specific job role, including providing instruction on new duties or tools as they become relevant. Studies, like the one by Arthur, Bennett, Edens, and Bell in 2003, have shown that organizational training is effective based on various measures, including employee response, learning outcomes, behavioural measurements and overall results such as productivity and profits.
There is also a trending increase in continuing education courses provided by employers and educational institutions, which represents a commitment to ongoing professional development. This reflects a broader trend of lifelong learning within the workforce.