Employees play a huge role in the success of the organization. Their skillset and knowledge base for their job role are very crucial in their contribution towards any organization's growth. For that very reason, every business leader needs to invest in professional development.
By investing in employee’s professional development, you are not only developing a culture of continuous learning in the workplace but also improving the retention rate of top talents because they are also getting the opportunity to enhance their skills time with time and feel valued.
In this blog post, we will be sharing some of the top benefits of investing in professional development.
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So, without any further delay, let’s get started.
1. Attracting The Top Talents
According to recent studies, it has been found that 75% of the companies globally face a shortage to fill their vacant positions. If are also facing a similar situation for your organization then prefer offering professional development opportunities to your employees and let job seekers know that during the recruitment process.
Most of the skilled workers left their previous jobs because of a lack of opportunities for professional development. Nowadays, 9 out of 10 job seekers want to join an organization where they will get the opportunity for skill improvement, a lucrative career path, and most importantly professional development opportunities.
Start investing in professional development programs that will ultimately attract top talents to get hired which will ensure the organization’s success.
2. Create a Productive Onboarding Process
According to recent studies, it has been found that only 29% of new hires feel that they are getting support and are fully prepared to excel in their job role after the onboarding process. In other words, employees are disengaged and underperforming in their respective companies and on the verge of leaving.
Focusing on creating an employee development plan and providing learning opportunities in the early timeline during the onboarding process will set those new hires for being productive and bring the job satisfaction experience that they seek.
3. Combating The Skills Gap With Employee Development
As the world is changing at a fast pace, the skill set for doing a job is also changing rapidly. It has been estimated that the skill set change will reach 65% to do any particular job role by 2030. This also creates a skill gap and according to a recent study, 75% of employers are having a hard time finding the right talent for their vacant job role.
However, there’s a solution to deal with the skill gap, which is investing and providing professional development opportunities like- Upskilling and Reskilling to employees. This will help employees to learn the in-demand skills according to the job market, which will help them to fulfill the job responsibility that is expected from them to ensure the organization’s success.
4. Improvement in Employee’s Performance
Developing a culture of continuous learning in the workplace through professional development opportunities for employees is the best way to ensure your organization's success. Professional and skill development opportunities for your employees will help them to acquire the required skills and knowledge for the market demand, which will ultimately lead them to fulfill their job responsibilities more effectively and efficiently.
You can hire capable trainers who have attained certificates like the Train the Trainer certification that will ensure that all the workers become capable enough to fulfill their job responsibilities to achieve business goals.
5. Improve Employee’s Retention Rate
Nowadays, every employee is concerned more about getting professional development opportunities in their organization rather than any other aspect. If they don’t get enough learning and skill-enhancement opportunities then they end up leaving their organization.
According to recent results, 93% of organizations are concerned about retaining their talents. However, almost every business leader is taking active steps to improve the retention rate by investing and providing enough professional development opportunities to their employees.
This also proves to be the right decision for every business leader, because according to a recent survey globally, it has been found that 94% of employees are going to stay longer in an organization if they invest in their professional development regularly.
6. Improve Employee’s Engagement Rate
According to recent research, 83% of employees around the globe agree that improving and acquiring new skills is their top priority. They expect when are giving their time and effort to achieve any business goals in return they should get professional development opportunities from their organization.
If you start investing in professional development for employees, it will motivate your workers to go beyond their limits to contribute towards the success of the organization and also improve employee engagement in the organization.
A high employee engagement rate improves productivity rate, lowers turnover, and higher profitability for the organization
7. Creates a Positive Work Environment
Providing learning and development opportunities to your employees results in creating a positive work environment where every employee feels valued and supported.
According to recent studies, when employees get professional development opportunities, 31% of the employees will recommend people around them to join their organization and 25% of them like to continue where they are working.
In simple words, focus on developing a culture of continuous learning in the workplace, which will help you to attract top talents, engage them, and retain them.
Investing in Employee’s Professional Development Is The Key To Organization’s Success
One of the important keys to any business's success is the employee’s skill and knowledge base to do their job responsibility. Consider hiring a professional trainer who has pursued courses like Corporate Trainer Certification will help to to create a learning and development program that will give professional development opportunities to employees.
Investing in employee engagement programs will not only make your workers capable to achieve the business goals but it also make them feel valued that they are getting professional development opportunities to grow in their career.
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Written By : Victoria Lewis
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