Are you sure your employees are happy on the job?
Do they feel valued and invested? How is the employee experience in your company?
Not only is it essential to survey your employees to know and understand the real answers to these kinds of questions, it’s just as important to act on their answers and continually improve the employee experience.
A key aspect of the employee experience that you cannot afford to overlook is employee development.
Ninety-four percent of employees say they would stay with their company longer if it invested in their career development. Considering this high percentage and the time, productivity, and cost of losing an employee, it’s clear that you can’t afford to overlook (or ignore) employee development.
Ask yourself if you are focusing on developing your employees and if there is an actual plan or system that your employees can refer to. Employee development is more than just training your employees.
What is employee development?
Employee Development gives employees the opportunity to develop their skills through coaching and training focused on areas of opportunity and needed improvements.
Employee development opportunities checklist
The following 10 checklist items will help you provide development opportunities for your employees.
1. Regular coaching and feedback
Withholding feedback hurts you and your employee. Ask employees how they prefer to receive constructive feedback, then provide it.
2. On-the-job training
Make sure your employees have the necessary training to be confident and effective in their roles.
3. Don’t ignore soft skills
Soft skills are the qualities that make someone a good employee. Be sure to provide coaching on these skills while being careful not to let personal preferences stifle an employee’s personality, perspective, or different approach to a situation.
4. Mentoring with business leaders
It’s a quick, yet meaningful way to make employees feel cared for and engaged. Pairing an employee with another business leader will provide exposure to different perspectives, experiences and styles of management.
Exposing employees to different areas of the business makes them well balanced while giving them a better understanding of the business. Plus, you never know what a new pair of eyes can reveal.
7. Industry / Skills Conference
These types of conferences are full of actionable learning from subject matter experts. They are also a great way to network and learn from professionals in similar roles in other companies.
8. Employee recognition
Employees who don’t feel recognized enough are twice as likely to quit in the next year. Gallup recommends frequent employee recognition that aligns with the purpose, brand and culture of the company.
9. Online courses
Training doesn’t have to break the bank. Thousands of online courses are available for all industries and skills on websites for free or at discounted prices for entire businesses.
TRICK: Curious about what’s out there? Find out which online course providers are currently in the market to make an informed decision for your employees!
10. Increased responsibilities
As your employees excel in their roles, give them additional responsibilities to learn and grow.
Use them when working on creating a formal, guided employee development program or enlisting the help of an employee development and training company.
How important is the development of your employees?
You might ask yourself, isn’t it up to the employee to take initiative and advance their career? Of course, there must be initiative and desire on the part of the employee. However, business can (and should) play a big role in helping to guide, support and amplify this.
The stages of the employee experience
In The Ultimate Guide to Employee Experience, there are five key stages of employee experience:
Employee development is at the heart of the employee experience. It is in progress without having a set time for it. Each employee will vary in their rate of skill development and responsibility on the job, but it’s up to the company, especially the manager, to help nurture and guide them.
Employee development impacts employee engagement
There is an endless number of employee engagement studies and statistics online. What do these studies say about employee development and how does this relate to employee engagement?
Bob Nelson analyzed 3 million employee surveys and found that the second driver of employee engagement is career development and the number one reason employees feel inhibited from learning is because they don’t. no time.
Managers are the biggest factor influencing an employee’s happiness, frustration, or outright misery at work. Thus, the manager-employee relationship is the most important relationship to build and maintain. Managers need to spend time with their employees to learn, stress the importance of lifelong learning, and make it a topic of discussion in their one-on-one meetings. This will help employees feel empowered to invest in their personal growth and learning every week.
Employee engagement impacts employee and company performance
Highly engaged teams show 21% higher profitability while achieving a 10% increase in customer ratings and a 20% increase in sales. Therefore, engaged employees have a direct impact on a company’s bottom line.
Employees who are highly engaged at work are 87% more likely to stay with their companies than their less engaged counterparts. Oworm $ 11 billion is lost every year due to staff turnover, which means there are huge savings in costs, time and resources in retaining your employees.
Don’t delay in growing and investing in your people. By doing this, your employees will grow and progress within your organization. When it doesn’t, it can be disappointing to see a loyal employee spread their wings and explore new adventures elsewhere.
However, when this does happen, feel good knowing that you and your business have played a key role in helping them realize their potential and achieve their professional ambitions. It’s also rewarding to look back and see the impact the employee has had on your business as they grow and develop there.
Check out G2’s full list of training and development companies to help you stay on top of the best opportunities for increased learning, development and growth for your employees.