Building an effective team is often described as the most crucial skill a business leader must have, probably because it’s both valuable and challenging. Coordinating a group of high-performing talent is easier said than done, but it’s worth the effort if your goal is to have a great company.
The best organizations place great importance on building and sustaining a workforce designed to tackle tough jobs and grow seamlessly. Building a team to accomplish this is often a matter of maximizing the satisfaction and productivity of the people you already have.
Tips for employee development and retention
Developing great employees is a multifaceted task, but a big part of it starts with meeting their needs as professionals. In any industry, development and growth are important aspects of job satisfaction in any industry. Any organization that works hard to foster these qualities will be rewarded with motivated, self-reliant and hardworking employees.
Here is an overview of the main aspects of developing a great workforce.
Prioritize professional growth and development.
One of the most important factors in developing a great workforce is providing professional development opportunities. These opportunities can take many forms. For example, professional development courses can build employee skills and expertise, as well as encourage participants to become better teammates, more supportive leaders, and more effective communicators.
In addition to offering courses, it is essential to plan for other professional growth opportunities, such as career paths and professional training. Employee loyalty grows through thoughtful action – it can’t be bought with higher salaries. If workers feel their professional goals are supported, they are likely to stay longer and complete more work during their stay.
Ambitious workers who might otherwise be inclined to find opportunities elsewhere may be retained if they feel their career ambitions can be fulfilled within your organization. Developing their skills and giving them the chance to use them is how the greatest companies stay great.
Did you know? According to research by Better Buys, providing employee development opportunities can lead to 34% higher retention rates and 15% higher employee engagement.
Encourage employee autonomy.
If you want to develop the best employees and retain them for the long term, you have to believe in them – and that means giving your employees the autonomy to make their own decisions. Instead of micromanaging your team, provide members with all the necessary tools and support, then let them take the reins. Of course, they will still have to follow your general business rules and guidelines, but they should be able to handle their projects and day-to-day tasks in their own way.
Engaging employees with new projects and encouraging their autonomy can help your employees develop their skills and expertise, and it’s crucial for innovation and the development of business leaders. It can also help you reduce staff turnover, as your staff will feel like their talents are being used.
Support employee health and well-being.
Maintaining a great workforce also means supporting the health and well-being of your employees. A strong family and sick leave policy demonstrates that employee well-being is a quantifiable priority. Competitive compensation and healthcare options for employees accomplish the same thing. In a market where great workers can be demanding, a full suite of benefits enables top employers to continually attract and keep top talent.
Health coverage is only one aspect of worker well-being. You want your employees to perform at their best, which means taking time off when necessary. Not all personal needs are met in the workplace, so a strong leave policy allows workers to take the time to regroup, heal, and return to work ready for whatever challenges lie ahead. .
FOR YOUR INFORMATION: Some popular benefits to support employee health and wellbeing include remote work opportunities, flexible hours, mental health resources, employee wellness programs, and excellent PTO policies.
Offer additional benefits to employees.
In addition to fostering a culture of individual growth and support, many employers rely on additional perks or benefits to set themselves apart. Benefits like these will also make your workplace a more attractive destination, a place where your employees will find more than just chores to do every day. Recruitment is also boosted when you can attract leads with a welcoming atmosphere for productivity.
Meditation rooms are a holistic way for employers to provide a more wellness-focused workday. According to American Psychological Association, stress is said to cost American businesses up to $300 billion a year. This disease can be fought directly in the office with dedicated spaces allowing employees to relax, refocus and rejuvenate. Other health benefits like standing desks, yoga classes, and access to sports facilities can foster an atmosphere where wellness is a priority. The benefits of these extras improve employee health and characterize your workplace as a place where worker happiness is valued.
Perks like these are an attractive allure to talented individuals, but without a strong fundamental ethic of growth and teamwork, they will be little more than window dressing. It’s not rocket science what the best companies do to develop and retain great employees. it can be imitated by companies of all sizes, in all industries. It just takes dedication, awareness and creativity from those at the helm.
Recognize and reward good performance.
It may sound simple, but employee recognition can go a long way in encouraging good performance and retention. Everyone likes to know when they’re doing something right. The best companies have employee recognition plans to reward staff for excellent performance and important milestones. This shows employees that you notice and appreciate their efforts.
Another essential method of employee recognition is through feedback. Foster a corporate culture of clear, consistent feedback and regular one-on-ones to ensure your staff are on track to achieve their goals. Providing informal feedback at random intervals can be another great way to recognize employee performance and encourage good behavior.
Did you know? In a recent OC Tanner study, 37% of respondents said that personal recognition was the most important driver for producing great work.
Companies that prioritize the growth and development of their employees
If you’re wondering what other organizations are doing to prioritize employee growth and development, we’ve put together some information on a few of them.
- Amazon: The company has several training programs, one of which is the Associate2Tech program, where front-line employees can take technical training. The objective of the program is to develop staff members into more technical roles. This is a great example of developing your employees to retain them for the long term.
- Chipotle: This national channel recently launched a program initiative for emerging leaders and mentors. Benefits include an LMS in partnership with Docebo (for AI-based learning); a suite of virtual, in-person and asynchronous course modules; a mentorship program; and on-demand learning through Udemy Business.
- Payment : This company uses a multi-faceted approach to ensure that its employees can learn throughout their careers. It offers a combination of training options, including virtual in-person training, over 500 training videos, and gamified learning. It even uses AI to provide personalized course recommendations based on each employee’s work, interests, and learning course history.
The best way to develop your employees will be unique to your business, but these ideas will help you get started. A great workforce becomes so through thoughtful and determined leaders who put employee well-being first. It’s up to you to make your own workplace a great place to work, but it all starts with a goal.
Skye Schooley contributed writing and editing to this article.