People are motivated by self-development. Therefore, if you want to attract and retain top talent, you must invest in employee development.
A survey, run by Payscale, found that two out of three employees have quit jobs over ‘’inadequate career development’’.
In a similar fashion, according to The Conference Board, only 33 percent of U.S. employees were satisfied with the development programs at their place of work.
This is why Process Street has created this employee development plan template.
An employee development plan is a process. It looks at an employee’s goals and establishes the steps that need to be taken to reach those goals, whilst taking into consideration the needs of the organization.
It’s a way to provide your employees with opportunities to develop, whilst also making sure the company is achieving its goals.
Typically, employee development sits within the HR department. The HR manager would be responsible for creating the employee development plan, but the employee’s line manager would be responsible for taking the employee through the development plan and following up on actions.
People often think that employee development and employee training are the same. But they’re not.
Employee development plans are long-term. They are futuristic in nature and focus on developing employees for future positions, assignments, and responsibilities.
Training plans are short term. They focus on how to improve the employee’s skills and capabilities for their current role.
Take a look at our employee development plan template and use it to improve employee engagement, encourage retention and establish a pipeline of promotable talent.
Feel free to take bits out, add bits in, change it up and adapt it to suit your organization.
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