Continuous staff development is a critical component of establishing and maintaining a competitive advantage in the business world.
Continuous staff development is a critical component of establishing and maintaining a competitive advantage in the business world. You and your company have likely worked hard to find the right job candidates who possess the most in-demand skills and competencies to help your business succeed. While it's critical to hire new qualified personnel, it's also critical to devote time to developing your current workforce. But you might be wondering: what makes employee development so valuable?
In these lessons on The Value of Employee Development, you’ll learn how you can bring your employees’ skills up to date, which can help you retain them. These lessons will also show you how having highly coachable employees on your staff can help you maintain a competitive advantage in the business world. You’ll learn what you can do to boost employee productivity, reduce their turnover, and increase their adaptability, and discover the benefits of having upskilled employees.
Learning Objectives
- Bring employees’ skills up to date
- Discuss the importance of keeping employee skills current
- Know how employee development enhances competitiveness
- Boost individual, team, and organizational adaptability
- Discuss other benefits to employee development
What You'll Learn
- Bring your employees' skills up to date and keep them current
- Understand how employee development enhances competitiveness and helps you maintain a competitive advantage
- Boost individual, team, and organizational productivity and adaptability
- Reduce employee turnover and improve staff retention
- Discover the additional benefits of having upskilled, highly coachable employees
Key Takeaways
- Continuous staff development is a critical component of establishing and maintaining a competitive advantage in business.
- While hiring qualified new personnel matters, it is also critical to devote time to developing your current workforce.
- Bringing employees' skills up to date can help you retain them.
- Having highly coachable employees on staff helps a company maintain a competitive advantage.
- Employee development can boost productivity, reduce turnover, and increase adaptability.
Frequently Asked Questions
What will I learn in The Value of Employee Development?
You'll learn how to bring employees' skills up to date, why keeping skills current matters, how employee development enhances competitiveness, how to boost individual, team, and organizational adaptability, and other benefits of employee development.
Who is this course for?
It is aimed at employers and companies who want to develop their current workforce, retain employees, and maintain a competitive advantage in the business world.
How does employee development help with retention?
Bringing employees' skills up to date can help you retain them, and development can also reduce employee turnover.
What lessons does the course include?
The lessons are Bringing Skills Up to Date, Enhancing Competitiveness, Boosting Productivity and Reducing Turnover, Increasing Adaptability, Other Benefits, and a Test Your Knowledge assessment.
How can employee development support a competitive advantage?
The course explains how development enhances competitiveness and how having highly coachable, upskilled employees helps a company maintain a competitive advantage.
Transcript
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(ethereal music) Welcome to The Value of Employee Development. Here, we'll address the needed skills for upskilling and retaining employees. It can be difficult to distinguish yourself in the competitive world. Your knowledge and abilities, along with your teams, are crucial for getting a desired position, and proving your worth. Having the know-how and skills that exceed the fundamentals of your area can provide a significant advantage to you and your team. Here are some suggestions for keeping your and your teams' work skills and knowledge current. Attend professional events to keep up with the new developments in your industry. Local organizations, business associations, and professional groups may conduct seminars, forums, and workshops that give you direct access to and insight from professionals in your sector. Treat these get-togethers as opportunities to talk and share ideas with colleagues who can provide fresh viewpoints and perspectives. Bring along a team member who might benefit from the event or who has shown interest in this area or subject matter. Encourage them to present their findings either alone or with you to the entire team. Look for ways to include all members of your team in these outings. Also, conducting frequent self-assessments to evaluate hard and soft skills, allowing you and your team to target the ones you want to grow, can help you measure your natural ways of thinking, feeling, and acting. These may aid you and your team in better understanding what makes each of you special, as well as how to best utilize your skills to achieve your maximum potential. Another option for keeping your knowledge current is to follow thought leaders on social media. They can deliver useful knowledge, thoughts, and practical guidance. Seek out and follow industry experts in fields where you specialize, as well as those who specialize in skills or areas where you have or want to develop expertise. Not only can you obtain more knowledge by reading frequent posts, but you can also establish relationships by commenting and reacting to them. You can also invest in continuing education and gain certifications for skills. Learning a new software platform, obtaining certifications for a skill, or taking a class to stay on top of market trends, these can all help you earn more money and position yourself more competitively. Professional development courses can help you and your team develop new skills, learn something new, or even gain academic credit toward a degree. Online courses are particularly useful because they're both economic and flexible. Vendor-led classes, traditional universities, and training organizations are also good places to look for professional development courses. Make sure to capitalize on whatever online resources are available. The internet provides plenty of free educational and informational resources. To stay up-to-date on the newest technological advancements, attend educational webinars, follow industry experts' blogs or social media accounts, bookmark and check industry news sources and online forums, and sign up for email news alerts. Share these materials with your team for subjects to be explored. This will help you determine what best practices and procedures could be applied in your processes.
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