Employee development opportunities are of top importance for employees when they think about next step in their career and if they want to stay with their current employer or go elsewhere. Investing in employee’s future is of great importance and helps to improve retention. Continuous employee development not only leads to better productivity, but also helps to earn employees loyalty. Employees tend to stay with the organizations that care for them, not only in good times, but difficult times as well.
Training can play a huge role when organizations strategize on creating development opportunities for their employees. Right employee training at the right time provides employers big return on investment. It helps employers get increased productivity, commitment, knowledge and loyalty from their workforce.
Companies can plan for various types of trainings depending upon the options which provide big payoffs for them. For example:
Training should be considered critical for ongoing development, success and retention of employees. In order to support continuous learning and development for their employees, employers need to create and foster an organization wide learning environment, offer support for learning within the organization, provide access to professional library or knowledge repositories, offer tuition reimbursement, etc.