The Importance of Employee Development Programs and Benefits of 360 Feedback
It’s important to invest in employee development if you want to attract and retain top talent.
Articles » The Importance of Employee Development Programs and Benefits of 360 Feedback
EchoSpan'semployee development program tools are beneficial to
employees at all levels, whether they are individual contributors, mid-level
managers or senior leaders. With the speed and pressure of everyday business, it
can feel overwhelming to create and manage these programs, but there are a
number of reasons to prioritize employee development. At EchoSpan, we provide
you with theframeworkand
flexibility to manage these programs seamlessly, and we offer a proven platform
that makes it easy for your employees to participate.
Why should organizations focus on developing their employees?
Employee Development Programs can help your organization attract and retain
great workers.Employee turnover is costly for
organizations and hiring the right team members can also be challenging. 360
planningprograms are often seen as a benefit that builds
employee loyalty. When employees feel seen and valued, they are more
inclined to remain with the organization as they continue to develop and
enhance their skill sets.
Employee Development programs groom your employees for promotion from
within.360 feedback programs with EchoSpan can assist
with the refinement of defined skill sets and help organizations identify
high performers who may be eligible for promotion. There are a number ofuse
casesbeyond leadership development, though.
Employees are more engaged at work. When employees are focused on
developing their talents, they are less likely to become bored in their
planningmodule takes the feedback collected during the 360
process and helps employees craft custom plans with action guides and
reading suggestions to help them craft their objectives.
It saves the company money associated with turnover while boosting the
earning power of the employees you retain. An employee who is
trained well, confident in their abilities and actively engaged will work
harder to further their professional and organizational goals. Increased
proficiency and efficiency can also lead to increased sales and personal
performance which ultimately benefits the overall organization.
It helps you stay focused on future needs and opportunities for
organizational growth. Employee development is an ongoing activity
and the areas of focus will evolve over time. Things to consider include
employee and leadership needs, customer needs, industry changes as well as
changes to the way we all collaborate and work together in an ever-changing
An effective employee development program will drive you to consider the future
path of your business as you consider what criteria to assess and which
developmental and learning resources to associate with the criteria you
select. Keeping this in the forefront where relevant employee development is
concerned means you'll be planning ahead for the continued success of your
business as a whole.
EchoSpan can offer assistance with developing and implementing these types of
programs leveraging our ready-to-useproject
templatesas well as our comprehensivecompetency
library. You can also load custom questions and leverage our reading
suggestion and action guide resources to help your employees craft ongoing
improvement objectives for success. We work with organizational HR professionals
as well as independentcoaches
and consultantswho administer these types of programs with
their clients. For more details on EchoSpan's platform as well as our support
resources to help you implement a successful program, reach out to us firstname.lastname@example.org.