From a Human Resources perspective, here are five key reasons why employers should invest in ongoing professional development for employees.
1. Industry Accountability
In today’s competitive marketplace, it’s not only important to stand apart in one’s industry, but it’s imperative that businesses both stay and hold each other accountable to the highest of industry standards. As employers provide and encourage professional development opportunities for their employees, they position themselves to stay relevant within their respective industries, as well as keep up with the current standards of others within the same market.
2. Higher Productivity
Every employer wants a high rate of productivity from their employees, right? When professional development opportunities are encouraged and made available, employees gain updated knowledge and skills that can ultimately lead to an increased level of productivity for your business.
3. A Boost in Morale
When employees feel valued, company morale skyrockets. What better way to show an employee they are valued than by investing in opportunities for them to improve themselves—personally and professionally? In addition to increased morale, employers who point team members toward growth will also likely see higher retention rates.
4. The Pursuit of Excellence
As employees strive to grow professionally, they are essentially on the pursuit of excellence—in knowledge, service, and skill. When employees are working toward excellence, employers can more easily build excellence-driven teams and businesses.
5. Investment in the Future
When an employee learns new knowledge or skills, they are more equipped to then teach and train newer coworkers who join the team after them. Professional development is an investment in future leaders who can smoothly transition into higher ranking roles as individuals retire or seek other career opportunities.
LBMC Employment Partners is a trusted HR outsourcing company when it comes to assisting employers with important HR tasks such as creating and delivering professional development solutions. To learn more, contact us today!