Three Reasons to Invest in Employee Development
As a learning professional, I’m a firm believer in employee development. After all, I have spent my entire career supporting and promoting workplace learning. But why should an organization invest in employee development, especially in today’s economic climate? I believe there are three key reasons why this is important:
Commitment to Employees:
Providing opportunities for personal and professional development sends a message to employees that the organization values and is committed to its workforce. As a result, the organization is able to retain talent. Providing these opportunities is especially important in a poor economy, as when the economy turns around top talent will leave otherwise.
Recruiting new talent is easier, as an organization that invests in employee development is more marketable, particularly in the eyes of Generation Y. As future employees, Generation Y desires an organizational culture where they can constantly learn and be challenged; they view learning opportunities as an expectation, as opposed to a benefit, of employment.
A Skilled, Knowledgeable Workforce:
Investing in employee development builds a skilled, knowledgeable workforce. In challenging economic times, such as these, this is critical to both the short-term and long-term growth and success of an organization. Having skilled and knowledgeable workers results in increased productivity and profitability – a sure-fire recipe for building a strong company focused on profitable growth.
Having the privilege of working for an organization that clearly believes in the investment of employee development, I am honored to be a part of that culture, and am looking forward to continuing to fulfill our Learning and Development department’s mission: to support the growth and development of all employees to achieve individual and organizational excellence!