Talent Development
Why should your organization prioritize Talent Development?
According to research, 83% of companies report existing skills gaps, and 78% anticipate skills gaps in the future. Add to the fact that 75% of management concede that skills gaps negatively impact business growth, service delivery, and competitiveness.
So, If you are concerned with the growing number of skill gaps in your organization or have ongoing issues with employee retention, you may be curious as to what talent development can do to turn things around.
FIVE PROVEN BENEFITS OF IMPLEMENTING TALENT DEVELOPMENT
Succession Planning - Preparing your workforce to face an uncertain future is the number one goal of any talent development program especially in preparing employees to fill vacancies in their organization as others retire or move on.
Increase employee engagement - When employees are actively engaged in their work, they are happy and productive. Employers can boost engagement by designing a career path for each employee. This path should take into account their skills and interests, then create a learning program for them to succeed.
Develop new ideas and more profits - If you want to increase innovation, take on bigger and better clients, and become more profitable — a talent development program can support these factors. Employees who are encouraged to learn new things bring their ideas and knowledge to the table.
Develop more effective leaders - Talent development isn’t just for new hires; it’s for managers to build solid careers too.
Increased employee retention rates - One study by LinkedIn indicated that 94% of employees would stay at a company longer if it invested in their careers. In short, employees who appreciate the investment you’re making in their careers are more apt to be loyal to the company.
It’s important to note that talent development is a long-term process. It takes time, careful planning, design, and implementation.
If you'd like to learn more about how to make your talent development program more effective and productive. schedule a call with me below.
