Employee Development (ED)
If you spend the same
amount of time and energy developing people as you do on budgeting, strategic
planning and financial monitoring, the payoff will come in sustainable
competitive advantage.
Larry
Bossidy and Ram Charan, 2002
Employee development as an important
business tool - can help your organization:
- build alignment
- increase employee morale, engagement, productivity and retention
- preserve organizational memory / knowledge / domain expertise
- establish and maintain a competitive advantage
The new employee agreement –
employability
Employees
now view their relationship with their employer as a partnership. They expect
the organization to commit to developing and enriching their skills and
experiences — making them more employable. The return on this investment?
Loyalty.
The 70/20/10 model
The
Center for Creative Leadership says we learn:
•
70%
of what we need to know on the job
•
20%
of what we need to know through feedback, coaching, role models, mentors
•
10%
of what we need to know through formal training
Employee engagement is a positive emotional connection to the work they do and a thinking connection to the belief in the goals, purpose and mission of that work. http://www.blanchardinternational.co.in/engagement-and-cultural-change
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