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Employee Development

James Hermann EIDT-6501 Walden University October 20, 2013. Employee Development. Introduction. Why is employee development crucial to a company’s success? It attracts and helps retain the best employees (Forte, 2011)

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Employee Development

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  1. James Hermann EIDT-6501 Walden University October 20, 2013 Employee Development

  2. Introduction • Why is employee development crucial to a company’s success? • It attracts and helps retain the best employees (Forte, 2011) • It helps build loyalty and loyalty increases productivity (Lipman, 2013) • Facilitates succession planning (Noe, 2013) • Increases employee engagement (Noe, 2013) • Develops employees interpersonal skills (Noe, 2013)

  3. Four Approaches to Employee Development • Formal Education • Assessment • Job Experiences • Interpersonal Relationships (Noe, 2013)

  4. Recommended Approaches and Techniques for my Current Employer • Assessment 360 Degree Feedback Systems • Job Experiences Temporary Assignments • Interpersonal Relationships Mentoring (Noe, 2013)

  5. Conclusion Many companies choose not to take an active and intentional role in developing their employees. It is these companies that are constantly addressing hiring issues, costs of compensation, low productivity and essentially are at the mercy of market forces. The difference is leadership and actively engaging each and every employee in a partnership to meets the needs of each employee as well as the business

  6. References • Forte, J. (2011, August). Three Reasons Why Employee Development Pays. Retrieved October 20, 2013, from mindflash.com: http://www.mindflash.com/blog/2011/08/three-reasons-why-employee-development-pays-2/ • Lipman, V. (2013, January 29). Why Employee Development Is Important, Neglected, And Can Cost You Talent. Retrieved October 20, 2013, from Forbes.com: http://www.forbes.com/sites/victorlipman/2013/01/29/why-development-planning-is-important-neglected-and-can-cost-you-young-talent/ • Noe, R. A. (2013). Employee Training and Development. New York: McGraw Hill Companies, Inc. • Pace, A. (2010, January). Unleashing Positivity in the Workplace. Amercan Society of Training & Development, pp. 42-43.

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