Beyond Training: The Case for Developing Your Employees By Cindy Mortenson Employee Training vs. Employee Development Is there a difference? Yes! Training is defined as a process by which someone is taught the skills that are needed for an art, profession, or job. In order to stay relevant and competitive in today’s market, companies are increasingly required to continually train their employees to keep pace with modern tools, techniques, strategies and materials used in their jobs. Employee Development involves helping your employees to shape the future direction of their careers. It refers to the steps taken within a company to encourage each employee’s professional and personal growth. By developing employees both professional and personally, organizations benefit from this growth! Employee Development: A Win-Win! If we want to attract and retain the best people, we need to invest in employee growth and development. “Dissatisfaction with some employee-development efforts appears to fuel many early exits. We asked young managers what their employers do to help them grow in their jobs and what they’d like their employers to do, and found some large gaps. Workers reported that companies generally satisfy their needs for on-the-job development and that they value these opportunities, which include high-visibility positions and significant increases in responsibility. But they’re not getting much in the way of formal development, such as training, mentoring and coaching – things they also value highly.”1 Companies pay a high price for not investing in their most valuable resource: the loss of top talent. Developing employees provides big payoffs for everyone! Increased productivity, knowledge, loyalty, and contribution. 1 http://www.forbes.com/sites/victorlipman/2013/03/18/5-easy-ways-to-motivate-and-demotivate-employees/ How Employee Development Benefits the Organization What are the benefits of a company-wide employee development plan? • Increased job satisfaction among employees • Increased employee motivation • Increased quality which translates to increased financial gain • Increased capacity to adopt new technologies and methods • Increased innovation in strategies and products • Reduced employee turnover Employee Development Initiative #1: Peer Advisor Program Phase I: Peer Advisor Program A Peer Advisor Program helps new employees make a smooth and successful transition their new job and a new department. A successful implementation would run approximately sixmonths allowing for the new employee to learn from an experienced peer within the new employee’s department, location or business unit. It helps to lay the foundation for the Mentoring Program. circles™ Peer Group, Guided: This 12-month group mentoring program, typically with two mentors, is aimed at accelerating leadership effectiveness, building stronger teams and performance, strengthening organizational relationships and increasing cross-organizational learning. initiativs™ Employee Development Initiative #1: Peer Advisor Program Phase II : Peer Group Once an employee has acclimated to the organization and completed the preliminary foundational Peer Advisor Program, the employee would move on to a Guided Peer Group. The Guided Peer Group would be a 12-month group mentoring program, typically with two mentors, and is aimed at accelerating leadership effectiveness, building stronger teams and performance, strengthening organizational relationships and increasing cross-organizational learning initiatives. It also lays the ground work for the third phase of this development program which would be our Mentoring Program. Employee Development Initiative #1: Mentoring Phase III: A Mentoring Program Mentoring is a confidential, structured, developmental partnership with clearly defined goals, roles, expectations and time frames. Mentoring should be one part of an employee’s overall comprehensive development strategy. Establishing a mentoring culture will provide our organization with a cost-efficient alternative for getting employees up to speed and engaged. It enhances organizational talent, as well as the effectiveness of any talent management strategy. What is the Mentor’s Role? In a mentoring partnership, the Mentor has the responsibility of: • providing guidance by sharing knowledge, experiences, or a fresh perspective • encouraging the mentee to create a meaningful Individual Development Plan (IDP) • helping the mentee examine courses of action through problem solving and teaching • articulating Medtronic’s mission, values and business needs What is the Mentee’s Role? In a mentoring partnership, the mentee takes the initiative to: • assume responsibility for their growth and development • identify personal and professional developmental goals • create an effective Individual Development Plan (IDP) • manage, monitor, and evaluate the mentoring partnership Employee Development Initiative #1: Mentoring Ever heard the old saying: “Can’t see the forest for the trees?” Some might say we’ve forgotten the very people we hire to make our company or organization what it is today. We changed the definition when it didn’t suit our pocketbook or actions. Many English words have interchangeable definitions and usage; however, there are times in which we should look back for the original meaning and pursue those intentions. Professional development needs to be new again, and used accordingly. http://managementhelp.org/blogs/training-and-development/2014/10/28/training-day-a-day-of-opportunity-not-professional-development/