Developing Top Talent Matters
Our organizational alignment research found talent accounts for 29% of the difference between high and low performing companies. Talent, along with culture and strategy, is one of the three critical elements of high performance. A relevant employee development game plan is the foundation for building and retaining the talent to execute your strategy.
Putting the right people with the right capabilities in the right slots at the right time doesn’t just happen. It requires a structured learning and development strategy to deliver, track, and manage the training your workforce needs.
The Benefits of Developing Top Talent
Our Best Places to Work Employee Engagement Survey tells us that up to 40% of employees leave their jobs within their first year when they do not receive adequate training and development. Are you willing and able to suffer that level of employee attrition? Assuming that you can avoid the top training strategy mistakes, here are the five benefits of developing top talent at work:
Provide learning and development opportunities for employees to grow with the business. Work with employees to create targeted individual learning and development plans that help to advance their career and encourage them to stay for the long-term.
Leading companies provide clear, consistent, and relevant career development opportunities.
It also provides ready proof that your business is providing the training required by law while protecting your company from costly lawsuits.
The Bottom Line
While many leaders believe in “investing in people,” too many are content with allowing employees to “take care of themselves.” Every learning investment must be thoughtfully designed and appropriately reinforced if you expect the transfer of training and a reasonable pay off.
To learn more about how to develop top talent at work , download The Number 1 Reason Training Initiatives Fail According to Executives
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