Why you need a development plan

Why employee development plans are a good thing for a company.

Why you need a development plan
Photo by Victor Freitas / Unsplash

This week, I was asked to speak to an informal leadership group at work. A fun group. They were curious about developmental plans and why they are needed.

Here are some of the reasons why employee development plans are a good thing for a company:

  • It helps upskill the workforce by encouraging employees to identify their strengths and build upon their weaknesses.
  • It increases productivity by providing employees with the skills and competencies they need to perform better.
  • It improves employee satisfaction by showing them that the organization cares about their personal and professional growth. By offering employee development plans, you can demonstrate that you value your employees as individuals and as members of the team. This can boost their morale, motivation, and engagement.
  • It enriches company culture by fostering a learning environment and a feedback culture. By implementing employee development plans, you can create a culture where learning is encouraged, supported, and rewarded.
  • It gives employees a voice by allowing them to express their vision and aspirations for the future. By involving employees in creating their own development plans, you can empower them to take charge of their own careers and have a say in how they want to grow and develop.
  • It helps teams stay up-to-date on industry changes by encouraging them to embrace new technology, expand their education, and increase emotional intelligence.
  • It helps the company attract qualified candidates by offering development plans as a competitive advantage. By offering employee development plans, you can differentiate yourself from other employers who may not offer such opportunities. You can also attract talent who are looking for more than just a paycheck, but also a chance to grow and learn.

Do you have a developmental plan? How has this worked (not worked) for you and your career? I'm curious...