The Age of Oversupply: Why the Future Would be Demanding on the Present Generation
February 7, 2025
Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]
What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]
How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]
Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]
In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]
Employee development plans are designed to help employees grow both professionally as well as personally. Employee development Plans help employees in their career development. It is essential for employees to enhance their skills and upgrade their existing knowledge with time to survive the changes in the workplace.
Once an employee development Plan is created, the next challenge is to implement it successfully. You need to be extremely careful while putting your plan in action.
You need to understand why your employees and organization need employee development plan in the first place? Remember, employee development plan does not mean asking employees to fill few forms and questionnaires.
Questionnaires and forms are just a medium through which you can actually know what your employees expect from you? The feedback forms must be read and evaluated properly. Creating piles of documents would not help.
You really need to sit with your team members and discuss their problems individually. Ask them to analyze their skills and knowledge. Let them come up with their problems and challenges they face in their day to day work for you to provide the right and appropriate solution.
Make your employees believe in employee development plans. Highlight the benefits of trainings, conferences, forums, online courses or any other employee development initiatives. Employees ought to get benefitted out of training programs for them to understand the importance and also motivate others to attend the same. Give some kind of special benefits to employees who regularly attend training programs and strive hard to acquire new learnings and knowledge to benefit themselves as well as the organization.
Employee development process does not always mean inviting employees for formal trainings, conferences, sessions, seminars, Webex sessions or formal discussions. Taking employees out once in a while for an informal get together also goes a long way in employee development and motivating them to deliver their lever best. It is not necessary you have to be after your employee’s life to make him attend training programs.
Informal meetings where every employee has the liberty to express his/her opinions also help in employee development. Ask employees to bring their mugs of coffee for morning meetings. Do not create any sort of pressure on them. They would never open up. Their ideas, concepts, opinions should be respected.
You would automatically come to know that employee development plans are implemented successfully when every employee attends training sessions with a smile and shows remarkable progress. Employees should not treat employee development initiatives as a burden.
Managers should keep employees and their career growth at the top of their priority list. Do not be rigid. Do not hesitate if you have to slightly deviate from the policies of organization if it is eventually benefitting the employee and making him happy. A slight modification in the management practices can sometimes make significant impact on employee development.
Appraisals should not come as a surprise to employees.Progess should be discussed with them on a regular basis. Employees must be aware of their key responsibility areas and their growth path in the organization.
Do not treat your employees as “slaves”. No amount of employee development plans would help if you do not respect your employees. Employees must have a say in major organization’s decisions.
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