Employee Development is often seen as an optional requirement by organizations and they tend to neglect it without realizing
its real potential. On the other side, employees are always eager to learn and develop and look forward to organization’s support and commitment towards employee development practices. Employee Development is equally or more beneficial for the organizations than it is for the employees and overlooking this can be detrimental for an organization’s growth in the long run.
Let’s see how Employee Development benefits the organization:
Attracts and Retains Employees: Ortus research indicates that the biggest catalyst for employees leaving an organization is lack of career development (75 per cent). An employee development program enables learning and career growth for employees while remaining in the same organization. It makes them more skilled, knowledgeable and ultimately results in better productivity. Providing the platform to support and nurture your employees’ career development promotes employee loyalty and motivation. The amount of effort, time and money invested in a hiring process easily surpasses the efforts required for an employee development program. Organizations that focus on their employee development also attract best of the talent. Prospective candidates see it as an added bonus to their work positions.
Increases Employee Engagement at Work: Employee Development can be a powerful medium for organizations to keep their employees engaged and provide new challenges to them. It gives employees an opportunity to learn new skills, take their career to next level or even take a new role altogether and all of this reduces the monotony of everyday work or role. It not only adds to their satisfaction at work but also improves their engagement and performance at work. With the right training and opportunities, their concertation and commitment towards the work automatically increases.
Builds Skilled and Knowledgeable Workforce: Employee Development program broadens the skills set of employees making them technology and business experts. They will have the right expertise in their domain of work, which will add to company’s overall performance. Skilled workforce acts as a backbone for organization’s growth and innovation and employees’ skills, expertise can be leveraged to come up with innovative products/solutions, superior customer experience. It can be used as an edge to compete in the market.
Each employee contributes to an organization's overall performance. And, employee development programs aim at making them as successful and productive as they can be. Employee development does not have to start as an extensive or costly affair. At the basic level, organizations can involve and support managers to understand their subordinate’s skills and be their coach. It can be manager’s role to pass on, skills, knowledge and insights through coaching and mentoring. It can be added in to manager’s duty and there must be way to provide reward and appreciation. This approach can be further taken to create Individual Development Plan (IDP), where employees will be owning and taking charge of their own development. And, it will be organization or managers responsibilities to support and measure their plans. Overall, Employee Development should be seen as a business strategy and not another human resource investment.
You’ll want to look for not only the vendors who support your specific industry, but also have a wide variety of choices for any………….
Before you begin the planning phase of an eLearning project, it is a good idea to prepare yourself with the basics. Some……….
Non-profit organizations also have a great need for maximum work output with minimal employee input and GyrusAim helps……….
Hus we identify high-performer turnover as one of our KPI and monitor it. We ultimately determine that the turnover rate is indeed……….
it makes sense to develop current employees’ competencies. In fact, competency development needs to be tightly……..
We are pleased to partner with Gyrus Systems to provide their customers with the widest selection of quality elearning………….
There are numerous reasons that have been offered as to why the situation exists; the depth and breadth of the Great…………
“The watch list features organizations that are exceptional in the services they provide. As such, being featured in this…….
Because these courses are free, they are accessible by many more users. Instructors are able to reach much wider audiences…………..
There are many popular brands of Internet browsers easily available. Many learners are in the habit of using more than one…..
Today’s workplace environments call for workers to take a more active role in their career path. Having control………..
As we all know, natural disasters, terrorism threats and other public emergencies cannot be predicted. Therefore……….
Questions should be raised with the vendor about why they have not improved their product for such a long time. It may indicate………..