Weegy: Why development planning makes good business sense.
1) People care if you take a genuine interest in their future. [ Emphasis here on “genuine.” Development planning should be something a manager takes a real personal interest in – not an HR-driven mandate. (Note: I am a strong believer in the value a good solid HR organization brings to a company. But I’m also opposed to making the simple needlessly complex.)
2) It helps builds loyalty, and loyalty increases productivity. The logical corollary to point #1. Taking an honest interest in someone builds loyalty. Loyal employees are more engaged. Engaged employees are more productive.
3) Good talented people naturally want to advance, and appreciate meaningful support in the process. As the HBR study showed, capable ambitious young employees want training, mentoring and coaching. They want to gain skills. They want to become more versatile and valuable to an organization. Many years ago my company invested heavily in my MBA, and it always meant a great deal to me. Who doesn’t appreciate thoughtful support that helps you advance your own career? But the flip side is, if one company doesn’t provide it, enterprising employees will go elsewhere for it.ww.forbes.com/sites/victorlipman/2013/01/29/why-development-planning-is-important-neglected-and-can-cost-you-young-talent/ ]
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Employee development is crucial for companies as it enhances skills, boosts morale, and fosters innovation, leading to increased productivity and a competitive edge in the business landscape.
Added 10/17/2023 8:06:27 AM
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