“Increase employee development efforts” should be at the top of every company’s list of New Year’s resolutions. There is a plethora of reasons for this. For example, employee development boosts employee satisfaction and workforce productivity, and reduces turnover. It comes down to how a Learning Management System is leveraged internally. However, most employers don’t connect employee development efforts (or lack thereof) with a high rate of turnover. This is why a company that neglects to professionally develop its workforce will lose its most precious commodity: Human capital.
Most Companies Are Lacking In Employee Development
If your organization is weak in the area of employee development, don’t feel bad; so are most companies. The article Why Top Young Managers Are in a Nonstop Job Hunt, published by the Harvard Business Review, states “Dissatisfaction with some employee-development efforts appears to fuel many early exits. Workers reported that companies generally satisfy their needs for on-the-job development… but they’re not getting much in the way of formal development, such as training, mentoring, and coaching”.
Organizations that want to hold onto employees must increase employee development initiatives. A company that neglects to do this will suffer with a high turnover rate and reduced productivity.
Employee Development: The Secret To Reduced Employee Turnover
Companies that have unsatisfactory turnover rates may be neglecting to arm their employees with the skills they need for long-term success in the workplace. Victor Lipman, contributor to Forbes, says
“It’s hard to think of an important aspect of management more neglected than development planning: helping your employees shape the future direction of their careers. Yet for a variety of reasons, this valuable activity is often ignored… or handled as a bureaucratic exercise… or an afterthought. Companies pay a high price: The loss of top young talent.”
Is your company holding onto talented workers by investing time and money into their professional development? If not, the best time to start is now.
Facilitate Employee Development With A Learning Management System
Let’s face it: Employers avoid developing their employees because it takes too much effort. Sometimes it even feels overwhelming or burdensome for managers to take on the additional responsibility of implementing an employee development program. If you’ve been avoiding taking more initiative in the area of employee development, consider implementing a Learning Management System (LMS) and letting it do the hard work.
A social Learning Management System perfectly facilitates employee development efforts. How? The answer is simple: By operating as a training tool that equips employees with the skills they need for professional success. An eLearning system delivers this information in ways uniquely helpful to each individual learner. According to John Laskaris, author of the article eLearning in the Workplace, “eLearning in the workplace is geared towards enhancing learning and organizational performance”, both of which are important aspects of employee development.
Learning Management System administrators are often surprised to discover how easy an eLearning system makes employee development. Since a Learning Management System is a digital training center that users have 24/7 access to, it eliminates the need for in-person training. This takes the pressure off both administrator and learner, giving trainees the gift of flexibility/self-paced learning, and administrators the gift of free time.
How A Learning Management System Enhances Employee Development Efforts
The more of a priority employee development becomes to your company, the lower its turnover rate will be, and the higher workforce productivity will climb. The proof is in the pudding. See how a Learning Management System can work for your unique needs. If you are serious about seeing these positive changes, let a fully hosted Learning Management System be the channel through which your organization’s employee development efforts come.