Unlike for previous generations, career development doesn’t only happen in educational institutions. The more we work, the more we realize our passion and discover the things that we’re really good at.
Luckily, school isn’t the only place where we can become qualified – more and more people are defining their careers as they go and looking to businesses to invest in their professional development.
It’s hard to find good talent so, once you do, offering development opportunities helps to keep them engaged so they stick around – and creating the right kind of employee development plan is just as important as having one at all.
Let’s break down all you need to know about how best to develop your people and why it’s so important for your business.
- What is Employee Development?
- The Importance of Employee Development
- How to Create an Employee Development Plan
- The Bottom Line
What is Employee Development?
Employee development is the development of skills within an organization, initiated by the employer.
With the support of their managers and learning & development teams, employee development can propel learners into a new role or department by enhancing their skills and knowledge on a subject.
Although employee development and training can happen at any stage of a learners’ career path, it should be an ongoing process that can be measured and tweaked by L&D pros to meet the needs of the business.
Development programs are often provided via a learning platform (LMS) that help to track each learner’s progress over time. Learning platforms allow you to provide personalized development paths at scale, offering up the right content at the right time.
The Importance of Employee Development
Professional development can often be overlooked by employers and many businesses can underestimate the value that it provides to their staff. So, why should you focus on employee development programs? Here’s a breakdown:
- Upskilling: Championing self development for your teams allows them to gain expertise in their current position and hone in on their strengths. Without providing the opportunity for your teams to grow their skills, your business may miss out on the opportunity to grow, too.
- Reskilling: Career development is an important aspect of employee development. As your teams look to the future, you can choose to support this and benefit from their success or not – but why miss out on all of the knowledge that your employee has by not supporting their growth when it will directly impact the success of your business?
- Retention: Arguably the most important aspect of employee development plans is how it impacts the loyalty of your employees. No one wants a dead-end job and if your teams are held back from developing themselves, they have no reason to stay with you. According to the Work Institute, the top reason employees leave their job is because of a lack of career development (22% reported). In 2019, that was the 9th consecutive year where this reason for leaving ranked first, and out of 100 people, 22 will likely quit for this reason. Don’t let this happen to you!
- Attracting Top Talent: Job seekers are increasingly looking past perks such as pool tables and bean bags as indicators of a ‘good’ company, and are instead looking for something more hard hitting and long term. More of us are looking for a business that will invest in us and our development, and a solid employee development program can be the difference between catching top and missing out.
How to Create an Employee Development Plan
Building an employee development plan should always start with a thorough assessment of your long-term and business goals. As with everything L&D related, if you can’t assign the task with the business need, you can forget seeing any real impact.
As you move on to create employee-specific development plans, make sure to tailor your training programs to fit your particular workforce and don’t be afraid to adapt it over time as their needs change.
For success, include a mixture of the following in every development plan:
- Self-study: Provide time throughout the work week for your teams to better themselves in areas that they are most interested in.
- Training: Going beyond onboarding, different training methods should be offered throughout the career of your employees so that they have the opportunity to reskill and upskill – not only does this benefit them, but you will see the impact this has on your business, too.
- Mentoring: We all had that one teacher at school who gave us great advice and who we looked up to, and this doesn’t have to change once we move into a professional environment. Offering mentoring programs could be the key to unlocking the success of many learners.
- Task/job rotations: Do you have some employees who seem unsure of their future? Offering the opportunity to test out different areas of the business is a great way to get them thinking about what matters most to them in a career (and you may just find their passion).
- Coaching: Similar to mentoring, having your subject matter experts (SME’s) coach your teams to success could be the support that they need to reach their goals.
- Conferences & workshops: Learning from others is incredibly important, and when else do you get to receive personal advice from masters of their craft? Conferences are a fantastic tool for all levels of your business as not only can you hear and interact with speakers, but you also have the opportunity to discuss ideas more intimately with peers.
- Simulations: Whether it be VR, AR or even role-playing, simulations can prepare your teams for the real world by letting them practise what they should be doing in their role, without the fear of messing up.
- Career planning: Career development plans allow your team members to see a future for themselves in your company and feel supported to reach their goals.
- Performance review: Reviewing how your teams are doing is a win win – not only do they feel recognized for their efforts, but you can both identify where the gaps are and how to improve (something that benefits your business, too).
The Bottom Line
Don’t underestimate the importance of creating a solid employee development plan as part of your overall learning and development program – not only will you attract and keep happy employees, but your business will reap the benefits.
Find out how Cineplex, one of the largest Canadian companies operating in the entertainment sector, uses the Docebo Learning platform to retain and enhance its best talents!