How People Development Can Benefit Your Company
It was quite common in the past for business managers and business owners to consider people development as a waste of time and money. The standard understanding was that people who already have the required skills and experience should be recruited, and that any money spent on training courses and other experiential training other than directly work-related issues were a waste of valuable resources.
But things have changed. Because technology propelled many businesses into faster than light development dilemmas, it is important to remain up to speed with the technologies that the competition may be using. This means that people development is now more important than ever.
No longer can business owners rest on their laurels and the knowledge that they employed a well-informed and qualified person, because if they do, they will very soon fall behind. The truth is that technology moves so fast nowadays that it is a constant battle to keep up with the modern advances and abilities of competitors. And if your company does not pay attention to people development, you will soon feel the consequences of this quite radically and within short periods of time.
Obviously, it is not just people development that is necessary. Investing in modern technology is also vital. This means that there are two streams of investment that will keep a company ahead of the competition in any kind of marketplace. It is, however, not only the motivation of staying ahead of the curve that encourages employers to invest in people development.
It is a clear-cut fact that whenever a person leaves a company – especially if they are highly qualified and on top of modern developments – that a lot of intellectual property is lost. The intellectual property within a company can often mean the difference between success and failure. One way to avoid such loss it to make sure that your employees know and feel that you are interested in more than what they can do for your company…and be sincere about it.
People like it when their employers are interested in their personal development, and not many people will pass up an opportunity to learn something new that will help them to accomplish both professional as well as personal goals. People need the encouragement, the trust, and the investment in their development in order to feel safe and nourished by their work environments.
This is where employers and business managers can capitalise on keeping their existing staff members motivated and interested in their jobs. They will be less likely to leave the company if they feel that their interest and learning are being taken care of. Moreover, the intellectual property possessed by these people are less likely to be lost because they are not as likely to leave a company that is willing to invest in their people development. It is vital that the company is willing to shell out resources for people development in order to retain the knowledge base and experience within the business environment.
In addition to feeling more satisfied in their jobs, employees who regularly experience the advantages of people development will be more likely to take pride in what they do and how they do their jobs. They are also more likely to coach other staff members and feel extra motivated about their personal and professional positions within the company. They are more likely to take other team members under their wings too and will become more motivated to work with other staff members towards a common organisational goal. It is the investment that counts. Nobody will be willing to move away from a work environment that is willing to invest in them.
If a company is willing to invest in people development, they will not only be able to remain ahead of the developmental curve in just about any industry, but they will also be able to retain staff and provide a satisfactory (or even motivational) environment for their employees.
At FWA Organisational Development we are primed to show you how your investment in people development can boost your bottom line. Just give our experienced team a call today to find out how we can help you with your organisational training and people development!