Do you know how important personal development for employees is?
Personal development for employees is necessary for the success of any organization.
If you wish to nurture talent and retain them, then you must work on the personal development of your employees. Employees are called human resource for a reason. One must invest in their development so that new leaders can emerge from within your organization.
The organization is responsible for fostering an environment of personal growth and development. It can be anything, from teaching new skills to training them for leadership. It may also be something as simple as letting your employees pursue a passion that inspires them.
Personal Development is Not One-Size-Fits-All
Do you know that most of the personal development plans fail because they are not driven by individuals and their interests?
Personal development plans can never be successful if one follows a one-size-fits-all approach. They need to be personalized to meet every individual’s needs. If you wish to be successful, then you must keep your employees happy. As per Forbes, happy employees are 20% more productive than unhappy employees.
Giving your employees the freedom of personal growth and development will improve your bottom line.
Simply because your employees will be more productive and happier. They will complete their tasks diligently. It will contribute to the growth and development of your organization.
Benefits of Employees’ Personal Development
As stated before, your organization will reap many benefits if you invest in the personal development of your employees. Here are some benefits that will force you to initiate employee personal development programs in your organization.
Do you know that the average rate of retention of employees in an organization is just 3.2 years?
High turnover rates are one of the major expenses for any company. While companies try to inculcate various programs to retain their clients, what they often forget is the personal development of the employees.
Employees are always looking for a workplace that gives them an environment that fosters and facilitates their growth and development. If they work in an organization that doesn’t offer them any such opportunities, then they start looking elsewhere. They want to work in an environment that supports their growth and development.
If you wish to retain your employees, then you must provide them ample personal development opportunities. In fact, a survey found 34% higher employee retention rates in companies that give their employees access to personal development opportunities.
Offer your employees personal development opportunities if you want them to be more engaged in your organization. Employees who get access to personal development opportunities are more engaged in their work because they feel inspired and valued. They give their 100%, which leads to better results for your organization.
This takes the stress off their minds and they are better able to concentrate on their work. It’s a win-win situation for both parties.
With personal development for employees, a culture of innovation, creativity and growth is inculcated in the organization. This helps in the growth and development of your organization. All your employees will be on the same page and you will get the results that you want.
With all these benefits, the need for personal development for employees is evident. But, how can you introduce this to your company?
To help you out, we have listed all the ways through which you can do that. You can show support to your employees with these initiatives. In addition, they will also have the space they need to grow and develop in their own way.
13 Tips that Can Help Boost Personal Development of Your Employees
1. Annual Growth Plans
Create an individual growth plan with each employee when they join, and later, at the beginning of each year. Ask them where they want to grow and what you expect of them. Tell them that they have your support in whatever their goal may be.
Planning is the first step for employee personal growth and development. They will not be able to grow if they don’t have any plans set for it.
2. Give them ‘Growth Time’
Ask your employees to allow 10% of their time to professional or personal growth. They can utilize this time for anything they think will foster their development. It is even better if they spend this time learning something that ultimately benefits the business as well.
In addition, they may also opt for activities that can help improve their leadership skills. It will make it easier to find leaders from within the company who are familiar with the environment and culture of the organization.
3. Personal Development Funds
Introduce personal development funds in your organization. They are funds that can be spent by the employees on any kind of activity that they choose. This shows them that the management is serious in their personal growth and development. It also gives them the space to try new things without thinking about how they are going to sponsor it.
4. Allow Flexible Timings
Consider offering flexible timings to your employees, especially if they are studying or pursuing a personal interest. This way, they will be able to manage things inside and outside work easily and their productivity will improve.
It also helps in the retention of employees as they feel more empowered and autonomous. However, accountability and responsibility are important in this case.
5. Set Short-Term Learning Goals
Encourage all your employees to set short-term learning goals. It can be anything, like learning a new skill or taking a workshop for the latest software. Ask your employees to follow this goal and achieve it. If they are not so sure about their goals, you can set them for the employees and then encourage them to pursue and achieve them.
6. Provide Learning Opportunities
Just asking your employees to set goals is not going to work. You must also provide learning opportunities for them to ensure that they achieve their goals. Many organizations just leave the growth and development tasks to their employees without adding any effort on their own. This can be counterproductive.
If you want your employees to be more productive, then you must offer them educational and learning opportunities. Conduct regular training and workshops. Teach them about the latest industry developments. Enhance their skills and make them more efficient in their work.
You can ask experts from your company to give them training or simply get industry experts. You will see how the productivity and efficiency of your employees will improve when they learn new things. It is also important to keep them up to date with the latest in the industry so that they can compete with them using their best skills and expertise.
7. Offer Coaching and Mentoring
It is a common observation that managers today are always overburdened with responsibilities. They don’t find the time to pass on their skills and expertise to their subordinates. As a result, we hardly see any leaders from within the organization.
It is the duty of the organization to not only support but also incentivize its managers to transfer their skills to others in the organization. There should be elaborate coaching and mentoring programs for this task.
Even if there aren’t any specific coaching or mentoring programs, managers should ask their teammates if they are facing any obstacles or need any help. They should advise them if they are struggling with something. They should also ask them if there is anything that they want to learn to improve their productivity.
It should be the duty of each manager to coach their team to the extent that someone is ready to take their position if they leave. This is only possible when the top management instills this as a principle in their organization.
8. Emotional Balance
We are all humans and all of us have some basic emotional needs. If you want to improve the personal development of your employees, then you must also be a supportive manager. Simple questions like “how do you feel today? Do you need help with anything?” can tell the employees that they are important.
These may be simple things, but they are often ignored in most of the work environments. As a result, employees are not able to connect with their organization and often end up leaving the place. Therefore, it is important to listen to them and be present for them in case they need any help.
9. Physical Health
You should also provide ample opportunities for your employees to work on their physical health. Remember that a sound mind is in a sound body. If your budget allows, set up a small gym in the office.
Even something simple like a table tennis setup can give your employees some time to relax. In addition, they will be able to work on their physical health, which is necessary to perform better at work.
10. Customized Development Opportunities
As mentioned at the beginning of the article, a one size fits all approach doesn’t work when it comes to the personal development of employees. Therefore, managers must take some time out and decide what each employee needs. They should then design personal development programs for each employee accordingly.
Once managers have identified the needs of each employee, they can then provide them internal and external platforms that support their personal development.
11. Ask Questions and Listen to Them
When you are talking to your employees, you must listen to them with intention and attention. Don’t enforce your perspectives. Listen to them and understand where they are coming from. You may get a better idea about something just by listening to them.
When employees know that you listen to them, they will be more motivated to work. This will result in better results and will also lead to the retention of your employees.
12. Create Peer Learning Groups
Why call someone from outside the organization when there are people within the organization who can train or educate the employees. You can create peer learning groups where employees share their experience with something at work and find others who may have had the same experience.
Your employees will be able to learn from one another. This boosts their confidence and also solves their problems. You should also encourage your employees to learn from what others are doing in the same field. This helps their personal development and gives them a reason to stay in your organization.
13. Participant-Driven Learning
You must give your employees autonomy if you want to boost their personal development. So, when it comes to what they want to learn and how they want to learn it, then they should be the ones to choose.
You can offer your employees different learning options and styles. They can then learn at their own pace and through the medium of their choice. This will help them learn better contrary to something that is being forced on them.
You must invest in the personal development for employees if you wish to succeed. It is also important to ensure that your employees know that you will not only support their personal growth, but you will also provide ample and real-time opportunities to them as and when needed.