As the issue of “end of contractualization”, or most commonly known as “ENDO”, came to a sudden halt, more and more people have been more motivated in seeking for a job. This is why most of the companies have made changes in their hiring and employee package. One example of this is the massive creation of employee development programs.
Considering an employee development program for your company and your employees will surely benefit you and your business in the long run. Still unconvinced? Here are some of the reasons why you should start to create an employee development program now.
It Helps Attract and Keep Great Employees
In every company, employee retention is a huge challenge for employers. For one, it entails a bulk of expenses on their part, most especially when you always make the hiring process often. This is why having and building a rock-solid employee development program can definitely help you to prevent and avoid these kind of burdens.
A solid employee development program is important when you want to attract and get only the best employees. Moreover, here are stronger reasons why this matters to your business or company:
- It is beneficial
It is no great secret that employee development is a benefit. This is one of the things that every employee sees as an advantage when looking for a job. Providing and offering an employee development program as part of the hiring package will give your business or company an advantage over your competitors in the market.
- It builds loyalty
When you successfully attain the employee retention element, expect that your employees will be loyal to you and your company. When you acquire loyal employees, expect that they will not be prone to quitting their job. In addition, when your employees know that you are more than willing to provide such training and development for them, this will make your employees feel important which results to loyalty.
- It increases your reputation
When you have established a good relationship with your employees, they will see you as a good employer. When this happens, your business or company will have a good reputation in the market – which is good for hiring new employees and acquiring customers.
- It entices good people
Offering training, continuing education, conference attendance, and a simple book allowance will definitely attract employees who are looking for both individual and career growth. Just make sure that you prepare and provide an employee development that will be easily understood. Nonetheless, you will be graced with good, hard working, and loyal employees that you want to hire for your business or company.
It Helps You Create Promotable Employees
Trusting a high position such as a managerial post with your internal employees is certainly a good idea. Besides, who else knows the way around the business, employees, and customers than someone that is from within your enterprise? However, not all long-time employees are worthy of a position since they may be not ready for the responsibility that these vacant posts may hold. This is why a concrete employee development program will aid you to train your employees to be the best they can be and to ready them for such opportunities in your business or company.
Keep in mind these three characteristics that your employee development program must have:
- Generate a group of capable employees
- Create workers that are ready for promotion
- Aids you in identifying the strengths and weaknesses of your employees
Following these guidelines will ensure you that will train both of your current and future employees. Furthermore, this will also help you to identify your employees’ strengths and weaknesses.
It Keeps Employees Engaged at Work
Generating an employee development program will help your employees to be more engaged at work and prevent them to be bored during work hours. This will also help you to maintain and strengthen your employees’ focus, efficiency, and productivity with their work.
It Helps You Save and Earn Money
A successful employee development program will ultimately give you a well-trained, confident, and engaged employee. They will not only do better at work, but they will also help your company to flourish – especially in terms of money. As your employees become more efficient, proficient, and productive, your business or company will surely increase sales and output.
Planning, preparing, and crafting a solid employee development program for your current and future employees will help your employees to do better. As a result, your employees will acquire skill sets and traits which will eventually help your enterprise to become successful.
About the Author:
Laurel Santos may be a 24 year old adult but at her core she is just a little girl full of wonder. She lives in the city and works as a freelance photographer in the Philippines. She manages a small pet shop inside her village. She has a big heart for animals, especially stray dogs. She is an avid traveller because she believes that life is not lived within the borders of your own home. Despite her busy schedule she always finds time to do one thing that she is very passionate about and that is writing.