Developing Employees
By Hudson Lazar
Training and related chances for workers to acquire new skills and competences are referred to as employee development. Development is nearly universally acknowledged as a strategic instrument for an organization's ongoing growth, productivity, and ability to recruit and retain valuable people, even though many employers see it as a shared obligation with employees. The possibility that employees will acquire competence in the abilities required for their current position as well as for other positions in the future is increased by training and development opportunities.
Instead of hiring new workers from the market, employers today frequently need to develop the ones they already have. The following justifies putting a focus on employee development:
Keeping a competitive edge. Companies compete with one another for personnel as well as market share. Employees want to work for a company that will invest in skill development so they can remain competitive with coworkers from other businesses. Report: Employers Most Likely to Train New Employees and How to Help Your Team Advance.
Addressing the persistent skills gap. Some firms are investing in training that will improve employees' expertise and prepare them for new employment with better chances due to the tight labor market and lack of workers with the proper combination of skills. This tactic, sometimes known as "upskilling" or "reskilling," can benefit both businesses and employees. The benefits of upskilling for businesses and employees are discussed in The Reskilling Imperative.
Encouraging inclusion, equity, and diversity. Corporate diversity initiatives all too frequently place more of an emphasis on external recruiting than on retraining current staff to support the advancement of women and people of color. See How to Develop Junior Talent, Create a Diverse Company for the Long Term, and How Managers Can Promote People with Disabilities.
Establishing a culture of education. More than ever, companies need an agile learning culture that enables staff to show they can quickly adjust to new situations, new protocol, and evolving market expectations. See Create a Culture of Learning.
Lowering churn. However, research has shown that employee training actually lowers turnover and absenteeism. The more money a firm spends on employee training and development, the greater the risk that the highly qualified employees would quit and take their expertise elsewhere. See Career Development: If they can advance in their careers, employees will remain.
Matching employee development to the requirements of the firm. Employers should let development be driven by strategic demands. An company might, for instance, enhance those workers' skill sets to enable them to add variety to their positions and take on additional duties as a result of the imminent retirement of many older personnel. Such actions could motivate seasoned employees to continue working.
Reference:
1.SHRM (Online) available at <https://www.shrm.org/resourcesandtools/tools-and-samples/toolkits/pages/developingemployees.aspx> [Accessed on 11th August 2023]
2. Go 2 HR (Online) available at <https://www.go2hr.ca/explore-all-resources/developing-an-effective-training-strategy> [Accessed on 11th August 2023]
3.HR Daily Advisor (Online) available at <https://hrdailyadvisor.blr.com/2018/05/03/developing-effective-training-strategy/> [Accessed on 11th August 2023]
5. Stephen Goldberg (Online) available at <https://www.youtube.com/watch?v=ciSAmN7hQgk&ab_channel=StephenGoldberg> [Accessed on 11th August 2023]
Agreed. Siahaan (2018) highlights that employee development is not just a matter of training; it's a strategic investment in the organization's future. By offering opportunities for growth and skill enhancement, companies foster a competitive, diverse, and agile workforce. Employee development aligns individual aspirations with organizational goals, ensuring a symbiotic relationship that propels both the employee and the company toward success.
ReplyDeleteAgreed, Employee development involves providing training and opportunities for employees to learn new skills. It's a strategic approach that benefits organizations by enhancing competitiveness, addressing skills gaps, promoting diversity, and reducing turnover. (Krueger, A and Rouse, C.-1998). This approach recognizes the value of investing in existing employees to meet evolving demands and maintain a skilled workforce.
ReplyDeleteAccording to Imran (2013) Employee development is a crucial investment for organizational growth, productivity, and talent retention.
ReplyDeleteIt addresses skills gaps, promotes diversity, and enhances retention. Training helps employees adapt to changing market conditions, reducing turnover and absenteeism.
A learning culture fosters continuous learning, promoting a flexible work environment. Research shows that investing in employee training reduces turnover and absenteeism, while aligning with strategic goals ensures smooth transitions and motivation for experienced employees.
Overall, employee development is essential for maintaining a competitive edge and addressing various challenges.
Good reading.
Certainly, fostering employee growth entails furnishing training and avenues for acquiring fresh proficiencies. It's a well-thought-out tactic that advantages organizations through heightened competitiveness, bridging proficiency shortfalls, advocating inclusivity, and curbing employee attrition. (Krueger, A and Rouse, C.-1998). This methodology underscores the significance of investing in current staff to align with shifting requisites and sustain a proficient workforce.
ReplyDeleteThe article mentions that employee development is a shared responsibility between employers and employees. I agree with this, and I think it's important for both parties to be committed to the process. Employees need to be willing to take ownership of their own learning and development, and employers need to provide them with the resources and support they need to succeed.
ReplyDeleteThe article focuses on the benefits of employee development for businesses. However, it's important to remember that employee development also has many benefits for employees themselves. For example, it can help them to advance their careers, earn higher salaries, and feel more satisfied with their work.
I agree with you. According to Hameed and Waheed (2011), employee is a valuable resource (asset) of the organization. The success or failure of the organization depends on the performance of the employees.
ReplyDeleteTehrefore, investing in professional development opportunities for your team can lead to better business outcomes, including increased productivity and profitability.
This blog post brilliantly highlights the significance of employee development in fostering a thriving organization. It's like nurturing a garden to ensure its continuous growth and vibrancy. The post effectively emphasizes that investing in employees' skill enhancement isn't just a choice, but a strategic move for both the organization and the individuals. Just as a skilled craftsman hones their tools, organizations must sharpen their workforce to stay competitive and address the skills gap, creating a nurturing environment where every individual's potential is cultivated. The post compellingly argues that a strong culture of learning is essential, like a well-tended orchard yielding ripe fruits of adaptability and innovation. Moreover, it intriguingly reveals that by investing in employee development, businesses can not only retain valuable talents but also empower them to flourish within the company's evolving landscape, just as an artist crafts a masterpiece over time. Overall, this post beautifully captures the essence of employee development as a cornerstone of organizational growth and a testament to mutual commitment.
ReplyDelete