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Employee Development. Presented by Lori Brown June 19, 2014. Employee Development.
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Employee Development Presented by Lori Brown June 19, 2014
Employee Development “Employee development is a key contributor to a company’s competitive advantage by helping high-potential managers understand their strengths, weaknesses, and interests and by showing them how new jobs and expanded job responsibilities are available to them to meet their personal growth needs” (Noe, 2013, p. 367)
Increased job satisfaction and morale • Motivated employees (Increases production and profit) • More ideas, suggestions, and plans for improvement • More effective time management • Lower turnover and absenteeism • Enhanced company image (Dennis, n.d.) Benefits
Tuition Reimbursement Reimburses employee cost for college courses and degree programs • Employees can develop on their own • Increases retention rates • Increases readiness for promotion • Improves job performance (Noe, 2013, p. 379)
Job Rotation “Gives employees a series of job assignments in various functional areas of the company or movement among jobs in a single area or department” • Improved skill • Improved experience • Increased customer service • Increased understanding of company’s goals (Noe, 2013, p. 389)
Mentoring Program Pairs an experienced senior employee with a new hire to help develop skills • Clear purpose of program • Voluntary participation • Mentor and new hire paired based on need • Feedback • Reward (Noe, 2013, p. 396)
Organizations and employees must work together for employee development Employee development = Engaged employees
Positive Meaning Leaders can enable meaningfulness in work by: • Reinforcing benefits • Associating work outcomes with core values • Identifying long-term impact • Emphasizing contribution goals (Pace, 2010, p. 44)
Conclusion Based on Kim Cameron’s thoughts of Positive Meaning, when leaders provide their employees with development, their employees feel they are more needed and respected, more motivated, their work is more meaningful. It is clear to see that companies that invest in their employees’ future will see many benefits including increased skill, retention, and profit.
References • Dennis, M. C. (n.d.). The benefits of employee training and development. Retrieved June 19, 2014, from www.coveringcredit.com: http://www.coveringcredit.com/business_credit_articles/Credit_Management/art204.shtml • Noe, R. A. (2013). Employee training and development (6th ed.). New York, NY: McGraw-Hill. • Pace, A. (2010). Unleashing positivity in the workplace. Training and Development, 64(1), 40-44.
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