In our January Question of the Month, we asked if your company has a comprehensive employee development program. The encouraging results show that approximately 63% of respondents have a program in place to help or at least encourage their employees to reach their development goals.
The full breakdown:
- For 24% of respondents, employee development is an integral part of their culture
- 20% offer employee development opportunities, but only on an as needed basis
- 19% of companies encourage employee development, but don’t officially support it
- And, 38% have no employee development initiatives in place
During the past few years since the recession, an alarming situation has emerged in the workforce. Currently, there are more than 12 million unemployed workers in the U.S. at the same time many businesses across all industries are having a difficult time filling open positions. So, where’s the disconnect? Studies have shown that the problem may lie with fewer numbers of available skilled workers.
The workplace is constantly evolving, so in order to ensure your business stays productive, it’s necessary for your workers to evolve at the same pace. Companies that place an emphasis on training and development programs for their employees are essentially helping to creating their own private talent pool. Focusing on developing younger or less-skilled workers will help ensure you have easier access to talent to fill high-skilled job vacancies. And by creating comprehensive leadership development paths, you take important steps toward securing the future of the company.
Employee training and development is a vital part of building a stable, productive, and successful business. And as the workforce continues to become more technologically advanced, the need for highly skilled workers is only going to increase. Staying ahead of the curve and making moves to fight the brewing talent war will be key to survival in the long run.
How do you develop new employees and prepare them to take on larger roles within your company? Let us know in the comment section below.