GIVE EMPLOYEES OPPORTUNITIES FOR GROWTH How to Promote Your Greatest Assets
It’s no secret that employees want to work where they feel valued and nurtured.You also know that turnover is costly — Glassdoor estimates that businesses spend as much as 21 percent of an employee’s pay to find their replacement. So how do you get good employees to stay? Glassdoor’s study points out the importance of employee development.According to Andrew Chamberlain, chief economist at Glassdoor,“Even after controlling for pay, industry, job title, and many other
to any company’s growth. Here are a few methods he’s identified to promote it within his company.
checking in now and then to see how many pages they’ve written. If your employees feel that you’re interested not only in their professional development but also their personal development, they’ll feel more satisfied in their work.You’ll improve morale and retention. Give clear opportunities for internal development. If your employees feel like they can’t achieve their career goals at your company, they’ll begin to look elsewhere to reach them. In addition to highlighting how your company fosters employee development during the hiring process, make good on that advertisement by offering workshops, trainings, and opportunities for promotion.Valiulis suggests encouraging job shadowing between departments. It can help strengthen teamwork and show employees new opportunities within the company.The source of training doesn’t have to come from a faraway conference — look for internal opportunities where coworkers can learn from each other.
Meet at least every month, without fail. Meetings are an opportunity for you to share where you’re at as a company, where you’re headed, and where your employees fit into that plan. Consider how your employees can be involved in such meetings. For example, at each monthly meeting,Valiulis has a different team member give part of the presentation.This builds their investment in the meeting, gives recognition to that employee, develops skills, and gives that employee an opportunity to try out a new role. Express yourself. You know how much your employees mean to you, but do they? It might be as simple as saying,“You are doing a great job.” When your employee tells you about their goal of writing a book, find ways to support it, even if it’s just
factors, we find that workers who stay longer in the same job without a title change are significantly more likely to leave for another company for the next step in their career.” Glassdoor’s findings corroborate the experiences
of many business leaders. Chief Revenue Officer and longtime business leader ChristianValiulis emphasizes that employee development is essential
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