Why should companies be interested in helping employees plan their development? What benefits can companies gain? What are the risks?
Companies should be interested in helping employees plan their development to improve employee morale and motivation by matching skills to job requirements and providing opportunities for internal promotion. This would ensure that capable employees have the change to gain experience that will equip them with added responsibility. By providing guidance and encouragement, these employees will eventually fulfill their potentials in their field of work. The company will in return gain employee loyalty and trust, because they are investing time and many times, money, into the employee. The risks are that that not all employees are loyal to their company. Some employees might use their development to their advantage and take a job with another company who offers them better benefits, a higher salary or a superior position.
What should be included in a development plan?
Implementing a development plan can provide motivation and serve as a road map to an employee’s success by helping them establish realistic goals, strategies, milestones, and timelines to reach those goals. It requires ongoing evaluation and assessment and is thus a dynamic document that needs to be regularly reviewed and updated. Development plans have been used in the corporate arena for a very long time. They are part of Performance Appraisal Systems that are used to provide feedback and to set goals for individual employees.
What do you think is the most important part of the plan for ensuring that employees develop?
Conducting a skills assessment is a very important part of the development plan and is absolutely necessary for employees to identify gaps for those skills needed to reach their goals. By conducting an honest self-assessment, they can identify these gaps and then begin to craft effective strategies to fill these gaps within a realistic time-frame. These strategies could include workplace activities, apprenticeships, workshops, seminars, one-on-one tutorials, and so on.
Sooner than later,
The Tiny Professional