Marcum Search’s Post

How Professional Development Can Increase Employee Retention https://lnkd.in/gxepCePi

Interesting post from Shireen Hilal on the complexities on designing engagement programs for SMEs compared to big companies and identifying some of the challenges. While I always keep mindful and up to date with what the 'big companies' are up to in their engagement programs, I do avoid any type of replication when working with my clients. My first point of design is to understand the business, the long term strategy and the type of employee they need in order to achieve the long term success. Once identifying their employee types/profiles needed (there are many types depending on the roles being played) then it is designing programs that will engage and motivate them. This is using the range of leavers including but not limited to Comps and Bens packages, L&D programs, Career Progression, Work Life Balance initiatives, etc. Then in each of these leavers it is creating the nuances in the programs that will create max effect with the employee. To me, the most important part, as a HR professional is making sure the company has identified the correct employee types/profiles they need to achieve their long-term goals. Creating and implementing all the individual programs tend to be the easy part.

Skills skills skills! Empower your employee development plans with a skills inventory tool 💪 Read more about the importance of skills mapping in workforce planning: https://lnkd.in/dqAUbn5z

With 94% of HR leaders optimistic about the future of learning and development and 71% planning budget increases, now's the time to invest in employee growth. Even with limited budgets, you can embrace this trend by promoting knowledge sharing within your team. Encourage employees to share what they learn—whether from training, conferences, or personal experience. This not only solidifies their learning but also empowers others. Here are some more tips on L&D from the HR pros at #Insperity: https://lnkd.in/gvVpRQ9z. #Training #Skills #LearningAndDevelopment #HRThatMakesADifference https://lnkd.in/g3JFNT5s

When it comes to retaining star employees, providing professional growth opportunities is key. In his article, discover 6 ways to support employee growth at your organization! #EmployeeGrowth #ProfessionalDevelopment #RetentionStrategies

With 94% of HR leaders optimistic about the future of learning and development and 71% planning budget increases, now's the time to invest in employee growth. Even with limited budgets, you can embrace this trend by promoting knowledge sharing within your team. Encourage employees to share what they learn—whether from training, conferences, or personal experience. This not only solidifies their learning but also empowers others. Here are some more tips on L&D from the HR pros at #Insperity: https://lnkd.in/gDVgz5mn. #Training #Skills #LearningAndDevelopment #HRThatMakesADifference https://lnkd.in/gsa-tD7C

Discover how ITA Group's insights transform employee experience by prioritizing learning and skills development, emphasizing a culture of continuous learning and development opportunities. This holistic approach not only enhances employee satisfaction but also aligns with organizational goals for a robust, connected workforce. #employeedevelopment #hrstrategies #workplaceculture

Investing in Professional Development: A Cost-Effective Solution for Employee Turnover Recruiting costs? Training costs? Productivity losses? The list goes on when it comes to the expenses associated with employee turnover. Did you know that the average cost of recruiting a new employee is approximately $4,000? And training costs can range from several hundred to several thousand dollars per employee? Not to mention the productivity losses and impact on employee morale and customer satisfaction. But here's the silver lining: investing in professional development can be a game-changer. Companies that prioritize employee growth and development can reduce turnover rates and minimize the financial burden associated with it. In fact, a study by the Society for Human Resource Management (SHRM) found that companies with strong learning cultures experience a 218% higher income per employee! And it's not just about the bottom line. Investing in professional development also leads to happier, more productive employees. According to SHRM, 88% of learners who used the acquired knowledge reported increased job satisfaction and productivity. So, what's the takeaway? By investing in professional development, companies can not only save on turnover costs but also foster a culture of continuous learning and growth that benefits both employees and the organization. It's a win-win situation! #ProfessionalDevelopment #EmployeeTurnover #InvestInYourTeam

With 94% of HR leaders optimistic about the future of learning and development and 71% planning budget increases, now's the time to invest in employee growth. Even with limited budgets, you can embrace this trend by promoting knowledge sharing within your team. Encourage employees to share what they learn—whether from training, conferences, or personal experience. This not only solidifies their learning but also empowers others. Here are some more tips on L&D from the HR pros at #Insperity: https://lnkd.in/gR35Z-zb. #Training #Skills #LearningAndDevelopment #HRThatMakesADifference https://lnkd.in/gTpzySbV

Foundational to the development of any organization is its Learning and Development (L&D) team—its value transcends beyond training programs to a skills strategy necessary to enhance growth and productivity. As this article in Human Resource Executive nicely outlines, transparency between leaders and employees, better alignment across the HR teams, and—most importantly—the industry’s shift in this direction all highlight why organizations need to prioritize this technique. What other reasons would you add to the list? #LearningAndDevelopment #SkillsStrategy #OrganizationalGrowth