Success in today’s complex global arena is challenging and the rules are changing, but we can be sure of several things: the challenges facing us today will become more intense; the speed with which change is occurring will increase; competition will intensify. This requires that all employees operate at their full potential.
Based on the conversations I’ve had with leaders, they require their staff to have higher expertise, commitment and dedication. Yet, ironically, leaders often fail to recognize the need to develop their people to attain the goals they set for them.
You see, most people want to be competent at their jobs and have the ability to succeed. A Middlesex University study showed that over 70% of workers are not happy with their level of professional development. This has become so important to them that 40% of employees who feel they’ve been deprived of the training necessary to be effective at their jobs will leave before their second year.
Unknowingly, many leaders are forfeiting productivity gains of 200%, according to Dale Carnegie studies. They surrender 20% higher profits with employees underdeveloped for their demanding jobs, according to ATD research.
The good news? Many of these issues can be minimized with the proper emphasis on employee development. Unfortunately, too many companies struggle to practice it.
Raising the level of an employee‘s value is not as simple as getting them more training, although training is a very crucial aspect of it. Effective development touches every aspect of an employee’s experience, including technical, managerial and interactive skills. The employees who contribute the most to their company are given the ability to know what they’re doing, apply what they know, enjoy what they do and grow to do more.
What do you think? How does employee development factor into your productivity and profitability? I’d love to hear from you. You can call me at 561-582-6060, or, I can be reached here or on LinkedIn.
