Investing in your team is one of the most effective ways to ensure employee satisfaction and retention. Employees often leave positions because of low pay, poor company culture, poor management or little to no opportunities for advancement. Continuing to grow and develop your team helps them stay motivated and has direct benefits for the productivity and profitability of your business.
In addition, leadership is about making a difference in the lives of others, and you can do that by growing your team and equipping them to rise to the challenges to advance their careers.
Benefits of Team Development
In many organizations, employee training and development is initiated for several reasons. It may be because a performance appraisal indicates that employees need improvement in different skills, or it could be a way to benchmark the status of improvement in a current training program.
It may also be part of an overall professional development program or used as part of development for an employee looking to move into a new role. Some organizations may use employees to pilot a new training and development program.
These shouldn’t be the only reasons to embark on employee training and development, however. There are benefits to making training and development part of the overall culture, including:
- Increased job satisfaction and morale
- Increased motivation
- Better efficiencies in processes and, by extension, profitability
- Fostering employees’ positive feelings of being invested in and developed
- Reduced employee turnover and, in turn, less time and resources spent on hiring and replacing roles
- Bolstered company image as one who takes employee development seriously
All of these are excellent benefits, but you also get the benefit of your employees knowing that you’re invested in their future success beyond the way it impacts your business. As you develop your employees, you’re not only making them better at their roles, but ensuring that they know that they’re valued at your company.
You can curate your employee’s development goals with a variety of options: conferences, coaching, training programs — and consider microlearning as well. Microlearning offers bite-sized training in digestible sessions on digital learning platforms. They are flexible and efficient, a boon for fast-paced, high-volume workplaces. Employees can learn new skills in days or weeks instead of months, and the programs are tailored to different learning styles.
In the next post, I’ll discuss how you can continue to grow your team and equip them to rise up through the ranks.