Read time: 5 mins. Talent development is vital to sustainable business growth and success. Organizations go through lengthy processes to recruit and onboard qualified and suitable employees, but often the emphasis stops there, with some business leaders disregarding the importance of developing their employees and nurturing their potential.
Over the past few years, the world of work has been disrupted, initially and gradually, by the onset of the 4th Industrial Revolution and this disruption was accelerated by the impact of the COVID pandemic. Throughout these disruptions and transitions, eight megatrends have emerged that are shaping the future of work and impacting how businesses develop and engage with their employees.
With the advent of the Fourth Industrial Revolution 4IR , the staggering ramifications of the rapid integration of technological disruption and digital transformation has resulted in many businesses struggling to keep up with rapid innovation in the workplace.
This, combined with widening skills gaps, is why actively investing in employee training and development is essential for both the growth of the business and the workforce that propels it. What do they fundamentally do wrong? They usually miss the future. Employee training and development are terms often used interchangeably, across sectors, and encompass various employee learning practices.
More specifically, employee training involves programs that enable employees to learn precise skills or gain knowledge to improve job performance. Employee development is a process whereby the manager and employee work together to create a development plan. This plan identifies areas to develop or enhance, and ascertains what actions or activities need to be taken to acquire and embed that learning. One of the biggest challenges faced by business leaders driving the adoption of disruptive technology, is insufficient internal skills when combining technology with technical proficiency.
As industries innovate so new technologies emerge, which has a profound impact on education and development. The ability to merge new technology with creative learning methods will ensure that teams learn new skills or reskill dynamically, through a future-oriented approach. Discover the five skills your team will need by A changing world means that professional development will need to be constantly pursued and prioritized.
Employers play an important role in supporting the acquisition of those skills. The hiring and retention of talent can be an ongoing challenge for employers, however one way to retain your staff is by providing them with career development opportunities. Acquiring leadership talent can start from the initial acquisition, or human resources professionals can select current employees as managerial candidates. Ensuring that all relevant points are covered during training is crucial to the success of employee development.
While the intricate specifics will vary according to the business or company, there are some general categories that are advisable to review. Guidelines, rules and regulations, company goals, and day-to-day tasks are excellent points that employees should be taught during their training. Ensuring that employees retain these points over long time periods is also helpful.
After a certain amount of time, the issues covered during employee development may become second nature for workers. As all business owners know, running a company or brand is a full-time job. Succeeding in business often requires teamwork and ensuring that everyone is on the same page and performing in a productive, admirable manner. Employee development requires time, preparation, and energy, but, when done correctly, it also yields dividends. Workers can only perform as well as they are taught and instructed to.
By developing the skills and abilities of employees, business owners are investing in their companies, and by extension, themselves. A Completed Profile will show the full person, including constructive feedback that identifies their strengths and weaknesses, helping people improve themselves while at the same time opening the door to opportunities for other people to engage with them in a positive manner.
Online Articles. How to Go about Proper Employee Development There is no one specific answer for how employers and business owners ought to go about proper employee development. How to Know if Employee Development Is Working One of the greatest aspects of employee development is that its success, or lack thereof, will reveal itself sooner rather than later.
Points to Cover During Employee Development Ensuring that all relevant points are covered during training is crucial to the success of employee development. A Worthwhile Investment As all business owners know, running a company or brand is a full-time job.
How to Resolve Inequalities in the Workplace. Online Partners. Training magazine is the industry standard for professional development and news for training, human resources and business management professionals in all industries.
How passionate are you about your work? But I'm also opposed to making the simple needlessly complex. The logical corollary to point 1. Taking an honest interest in someone builds loyalty. Loyal employees are more engaged. Engaged employees are more productive. As the HBR study showed, capable ambitious young employees want training, mentoring and coaching. They want to gain skills. They want to become more versatile and valuable to an organization.
Many years ago my company invested heavily in my MBA, and it always meant a great deal to me. Who doesn't appreciate thoughtful support that helps you advance your own career?
But the flip side is, if one company doesn't provide it, enterprising employees will go elsewhere for it. One final thought: Development planning doesn't have to be elaborate or costly. At its core it's mostly a matter of good managers taking the person-to-person time to understand their employees If it's done well, the payoff can be substantial in terms of long-term loyalty.
If it's not, the costs can be substantial in terms of long-term talent. This is a BETA experience. You may opt-out by clicking here.
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