Many companies dedicate considerable investment into bringing new and talented individuals into their business, but what about existing employees? Employee development training is an extremely effective way of adding value to your company and making sure your employees feel wanted and valued by your company. Investing in existing talent within your business is key to sustaining your business and the lengthy recruitment processes necessary in many sectors means making the most of each employee is absolutely essential.
Investing in the potential of your existing staff is important for keeping morale high and showing employees they are valued. Companies who do not invest in career development are much less popular with their employees and may develop a poor reputation amongst those looking for a career move too. Your business’ performance is closely linked to the qualifications, qualities and talents of your team and you need to do all you can to boost this in any way possible.
Understanding Employee Development
Employee training and development is the direct process of helping your employees learn or develop their skills in order to improve performance. Development and training programmes may run alongside career path and employee growth plans, to help employees ensure they have a full understanding of the direction their career is going, and give them access to the tools they need to reach their end goals. Creative learning methods may be combined with technology, specifically designed apps and more to help create a training experience which enhances the relevant skills for your employees. Investing in employee development is highly beneficial because:
· It boosts Employee Retention
Employees who are being trained and have direction in their careers are much more likely to remain with your company. Employee retention and high churn levels can be a real problem for any business, but good development training will encourage promising employees to stay. An engaged workforce is much less likely to be tempted by moves away from the company and if you commit to them, they are much more likely to commit to you.
· Get a chance to spot Outstanding Talent
Good employee development programmes will give a deeper insight into your employees. This will allow you to pick out those who stand out as potential leaders and talents within your company. Some employees may have a particular aptitude in certain business areas and others you may be able to coach to develop relevant skills if they have some way to go. Some companies even have additional leadership development programmes which can help to promote talent within the company and are an extension of regular employee development training.
· Empower and Energise the Workforce
Employees never want to feel like they are stuck in a dead-end job with no prospects or chances to flourish. Employee training and development can be a structured way of showing if they hit particular targets or carry out particular educational modules, there is scope for promotion, financial reward and more responsibility in the workplace. This can be both empowering and a great motivational tool for any workplace.
Designing an Effective and Impactful Employee Training Plan
The training you offer your employees will differ dependent on your industry and what you are hoping your employees will gain from the experience, as well as the company. If you’re looking to put a plan in place, consider including these elements for success:
1. Digital Learning
The ability to learn on the go and outside the workplace is something that will massively appeal to many of your employees. Digital learning platforms have been specifically developing for in-house training programmes and unique programmes specifically to individual companies and employers. It gives employees more flexibility and freedom when carrying out their additional training and development.
2. Soft Skill Recognition
Soft skills should not be underrated. We live in a world where automation and artificial intelligence are becoming much more sophisticated, so people need to play on the things that machines cannot do. This means adaptability, critical thinking and judgement are key human qualities which training should look to build.
3. Always Personalise
While you may have set modules and learning objectives within an employee development programme, individuals should be encouraged to take part in those relevant for their job and where they need to develop. Employees should be analysed individually so you can recognise their key skills and provided with an appropriate approach to learning and development path.
Employee development is not something any company should look to avoid, or not invest in. It is an essential tool for keeping employees motivated and engaged but also propelling your business forward. Employees with higher skills and experience levels can only be an asset to your business so investing in them should be something you consider of high importance.
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We take time to get to know your people, your business and how you work to ensure we create strategically designed solutions and bespoke programmes that help you reach your wider business objectives. Get in touch to find out more.