Top 5 Reasons to Invest in Employee Development
Why Should I Let My Employee Spend Work Time in Training?
Resources are tighter than ever these days, and many managers are challenged to make the most of a lean staff. It may seem tough to justify an employee spending several hours or days in training. But the benefits are many and several are immediate. Consider the following 5 reasons to invest in employee development:
- A small investment of time now can save time and money in the long run. You may be focused on the time loss when an employee spends hours in training, but the skills they're developing and can immediately apply will pay dividends in the future. Employees who learn the basics of project management, how to manage their time more effectively, or approaches to problem-solving are going to work more efficiently. That increased productivity and process improvement makes your job easier.
- You can take pride in employee development and further your own career. One of the aspects of your own performance evaluation is how well you develop your employees. You know who your high-potential workers are and how to support their career advancement, who needs to brush-up on their communication skills, or who might fit better in a different role with the right training. OHSU relies on your insight and referrals to head employees in the right direction. Use this as your opportunity to grow and develop as a mentoring manager and enhance your own career.
- It increases your talent pool. Training helps employees live up to their full potential and strengthens your talent pool. Having skilled and competent employees enables you to confidently hire from within and reduce the time and energy – and uncertainty – involved in external recruitments.
- Employees deserve development. Yes, they're paid and get benefits, but most employees appreciate the opportunity to learn new skills and develop professionally. When budgets limit pay increases or bonuses, providing development opportunities is another way to reward loyal employees and stimulate engagement and motivation. Taking time away from their day-to-day job re-energizes them and gives them a fresh perspective on the work.
- It furthers the success of OHSU as a whole. As more employees develop skills in needed areas and learn consistent approaches to process improvement and problem-solving, there is a cumulative effect that benefits the entire organization. Employees take classes with colleagues in other departments, form working relationships, and learn to leverage other resources – which creates greater synergy across missions. And the more successful OHSU becomes, the more it benefits all of us.