Human resource professionals must encourage employees to participate in internal or external trainings, get enrolled in online courses to increase their professional knowledge and contribute effectively. While this sounds easy, think about this quote from Marcus Buckingham: "Most people do not use their talent, at work, at all." And implementing a robust employee development program is the first step in that direction. As they say there is really no age limit for education.
Individuals in an organization form its vital resource and must be valued, nurtured and retained. The American Management Association® outlines 10 leadership traits that would-be-leaders must possess.
Employee development isn’t something that happens only in an annual review, nor something you can just pass off to the HR department. Every organization follows certain processes which not only help in the professional but also personal growth of an employee. Decisions about Interviewing, hiring and evaluating and assessing them are all in a day’s work for most of us. Having a workforce that’s fully committed and engaged with the organization at every level is vital for success. Before you set objectives for employee development plan, try to align their development needs with your company’s business needs. We controlled for organization size via regression analyses, both by employee number and revenue as control variables when appropriate. Employee development activities help an employee to work hard and produce quality work. * The effects are significant at a 95% confidence level. Many companies provide access to e-learning on topics including project management, software training and technical skills. These cookies help us collect anonymous statistics about visitors, traffic sources, and the performance of the site and different pages in general. Soft skills classes, fitness sessions, loans with lower interest rates are certain initiatives which not only motivate an employee to do quality work but also help in employee development.
Source: Bersin by Deloitte, 2016. Learn insights about the benefits of proactive retraining and reskilling, and how you can better understand the economics of learning. Believe me, if you are not aware of what is happening around you, even before you realize you would be out of the game. For companies to remain competitive in their niche, the organization must continue to outperform the competition. Organizations must encourage their employees to participate in employee development activities. Employee development can help the organization meet – and even exceed – performance expectations.
Helping develop employee talent, including through tactics such as personalized development plans, creates a highly attractive working environment. Remember, your job is not just to come in the morning, leave in the evening and receive your paycheck. And the best way to raise employees to such standards is to invest in their ongoing development.
I expect this will remain a top priority and a key focus for many organizations over the coming years as we continue to see the landscape for recruiting great talent become even more competitive.
It is of utmost importance for employees to keep themselves abreast with the latest developments in the industry to survive the fierce competition. In fact, 85% of leaders believe that employee engagement is a strategic priority.
‡ An organization is categorized as having “high maturity” if its composite score is within the top 50% among all organizations included in this study.
Benefits and importance of employee development, Learning culture inside an organization help attract new employees and improve loyalty, Help grow potentially good employees into great leaders, Improve employee engagement and motivation with good training, This gives the company flexibility to expand, innovate and compete more robustly within its niche, 2017 CSO Insights - Sales Manager Enablement Report, The research division of Miller Helman Group, Building a Culture of Learning, The Foundation of a Successful Organization, High-Impact Leadership.
Teach employees to own their career development. As a result, company management embarked upon a $1-billion retraining (the company calls it a “re-skilling”) program. Upgrading knowledge is essential to live with the changes of time.
In the above scenario, what has employee development done? Employee-driven career development involves the entire organization. We use cookies for site optimization, analytics, social media features, and marketing ads. Today's business environment is all about constant change. In a 2017 report, focused on the impact that employee development has on performance, CSO Insights (The research division of Miller Helman Group) showed how sales manager development can drastically improve performance metrics such as quota attainment, revenue attainment and win rates.
Investing in in-house employee skills development programs is important to ensure that the workforce can do what they must do to “keep the ship afloat”.
The reality is, creating a culture where employees are driving their own development involves more than just employees. If an organization is to grow, survive and thrive in the long-term, it needs to build a continuous stream of would-be-leaders. Without employees in an organization, even the most powerful machinery with the latest technology would not function. Employees are the most valuable assets and truly the backbone of an organization.
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