One of the biggest assets of any company is their human resource. Development of existing talent with a focus on business objectives and growth opportunities is imperative in today’s competitive scenario. The performance of the company depends on how well the people are trained and developed. The requirement of companies now is not just limited to high performance, but measures should also be taken to sustain the higher level of employee engagement. Thus, people development is one of the important factors to create corporate success story.
Although people development is one of the most important aspects of management, but it is also often ignored. The impact is loss of young talent. Many talented people are constantly switching companies. They do not receive the support they desire, to shape their career. People development is important at every stage, whether it’s the beginning of one’s journey or at a later stage where one is engaged in evaluation of strategies.
Most companies focus on providing training to new hires or people moving to new roles. Along with this, ongoing trainings should also be provided, as it helps people to deal with constantly changing requirements of the job. Also the trainings provide opportunity to resources to learn about their area of interest as well as create a resource pool for the company which is more efficient and effective. Therefore, it is a twofold benefit, both for the employee as well as for the employer.
But unlike the popular notion, people development should not be restricted just to classroom trainings but it should be a practical experience. Actual experience of a decision making situation in a simulated environment is different from classroom lectures and provides a greater learning curve. Development comes not just from having theoretical knowledge but from practical implementation of the learning.
People development can be achieved through development in below areas:
Communication– It is highly important to effectively listen, understand and communicate messages and ideas within the team. Several workshops and classes are available for developing the skill.