{"id":8447,"date":"2019-07-17T14:58:47","date_gmt":"2019-07-17T21:58:47","guid":{"rendered":"https:\/\/www.knowledgecity.com\/blog\/?p=8447"},"modified":"2024-04-08T13:26:58","modified_gmt":"2024-04-08T20:26:58","slug":"how-to-make-your-workforce-development-program-work-for-you","status":"publish","type":"post","link":"https:\/\/www.knowledgecity.com\/blog\/how-to-make-your-workforce-development-program-work-for-you\/","title":{"rendered":"How to Make Your Workforce Development Program Work for You"},"content":{"rendered":"

Is your company experiencing a<\/span> skills gap<\/span>? Are you actively recruiting, upping your benefits and hoping to find the workers you need to stay competitive and productive in today\u2019s marketplace? You may want to look at one area younger workers unanimously agree they want \u2013 workforce development.<\/span><\/p>\n

\"Top<\/p>\n

A lot has been said about millennial and Generation Z workers <\/span>job-hopping.<\/span><\/a> While it is a broad statement, it is not necessarily untrue. Today\u2019s younger workforce have grown up knowing technology, apps and the global economy move at such a rapid pace<\/span> skills<\/span> can become outdated within months or even weeks. In order for them to be able to do their jobs effectively, constant, up-to-date training is a must. If they do not receive training from their jobs, they will look elsewhere for it, leaving your company in the lurch.\u00a0<\/span><\/p>\n

It used to be college graduates who came into the workforce armed with the basic tools they needed to succeed while learning the particulars on-the-job. Now those skills can need updating even before graduation and candidates know companies that value innovation, productivity and employee engagement will ensure training and development are available in convenient, adaptable ways.<\/span><\/p>\n

If you believe colleges will send you completely work-ready candidates, think again. Many colleges are partnering with companies to ensure candidates can make a smooth transition into the workforce while still learning on a regular basis. We are not talking about a once a year seminar; today\u2019s training is ongoing, relevant, designed to meet the needs of technologically savvy workers and flexible.<\/span><\/p>\n

Workforce development programs take time and resources, which is why many companies do not think they are necessary in-house. It can be hard to track the return on investment (ROI) of these programs, especially if there is a high turnover among employees.\u00a0<\/span><\/p>\n

How can your workforce development program benefit your industry?\u00a0<\/strong><\/p>\n

    \n
  1. Collaborate with government, industries and even competitors to find, grow and sustain talent in need areas to close the skill gaps<\/span><\/li>\n
  2. Use hard data to make decisions<\/a> about the type of workforce development programs you will need to increase employee knowledge and productivity<\/span><\/li>\n
  3. Track the success of workforce programs through <\/span>metrics<\/span><\/a> that link workforce development programs to business performance, cost of program recruitment and training, employee productivity and quality\u00a0 outcomes, retention and speed to promotion<\/span><\/li>\n<\/ol>\n

    In the past, employee development plans\u00a0<\/span>were based heavily on evaluations and training for new technologies. They usually fall into one of three categories<\/strong>:<\/span><\/p>\n

      \n
    • Performance-based<\/span><\/li>\n
    • Management by Objectives (MBOs)<\/span><\/li>\n
    • Succession Planning Program<\/span><\/li>\n<\/ul>\n

      In today\u2019s workplace, flexibility, collaboration and motivation to succeed are required to recruit and sustain millennial and Generation Z workers. Today\u2019s employees want more than a job; they want to feel engaged and inspired at work<\/a>.<\/span><\/p>\n

      Are your employees ready for an effective workforce development training? Learn how to assess your team so your training helps inform and improve their professional skill sets.\u00a0<\/span><\/p>\n