Organizations must equip their workforce with the tools and knowledge needed to thrive in today’s rapidly evolving business landscape. This is where well-crafted employee training plans come into play. Employee training plans provide a roadmap forskill development, career growth, and organizational success. In this article, we explain what training plans are and discuss how these plans contribute to individual growth and company prosperity. We’ll also share best practices for developing training plans that bring about real change....

Perhaps you’ve heard of the “Great Resignation.” In the wake of the COVID-19 pandemic, businesses saw a surge in the number of people choosing to leave their jobs. As recently as June 2023, the US Bureau of Labor Statistics (BLS) data suggested this is slowing down. According to the BLS, the number and rate of quits (typically voluntary) decreased to 3.7 million (a loss of 295,000) and 2.3 percent [1]....

Employee count is subject to perpetual change due to new hires, early retirements, or dismissals. However, tracking attrition rates over time can aid in identifying trends, anticipating potential problems, and enhancing employee satisfaction while reducing recruitment and training costs. In this article, we explore the concept of attrition, underscore its significance, and discuss effective strategies for managing employee turnover rates. Empower teams with access to world-class content from 350+ top companies and universitiesLearn more...

A performance improvement plan (PIP) is a tool you can use to help an employee get back on track after a poor performance review. It’s appropriate when you want to provide support to help your employees improve. A performance improvement plan is not a disciplinary measure but a path to help your employees meet your expectations. Performance improvement plans work well when they rely on measurable data that you can show your employees for the areas of improvement....

Various factors contribute to the formation of the skills gap, such as a lack of qualified candidates in an industry, changes in the job role, industry standards that require re-training, or fast-moving trends. A 2022 survey of human resources professionals revealed that 69 percent saw a skills gap at their company, up from 55 percent the year prior [1]. Respondents indicated that lack of awareness, support, and adequate development opportunities contributed to the issue....

To train new employees as part of the onboarding process, many businesses use a comprehensive training strategy where skills are taught only once and as part of a larger training session. While this method is effective for getting new hires ready for their new roles quickly, employees may only partially retain some of the information provided. One way to address any skill gaps that may arise over time is through competency-based training....

Continuous learning describes the ongoing opportunities you have to learn new things in a professional setting. It can include on-the-job training, seminars, formal and informal classes and discussions, and more. More engaged employees with expanded practicalskillsare among the wide range of benefits continuous learning may provide to your team. It comes in many forms, making it easier to appeal to a broader range of learning styles and approaches. Use this article to learn how to develop a culture of continuous learning for a more skilled and happy workforce....

Businesses need to invest time in their workforce and provide opportunities forprofessional developmentto ensure long-term success and growth. Implementing these strategies helps companies retain and upskill employees so they gain the knowledge necessary to advance in their roles. One such strategy is corporate leadership training, which develops general workplace skills and more targeted, role-specific skills. Read more about corporate leadership training programs, what it entails, and how to implement a successful training program for your company....

Organizational development is the steps and processes that organizations need to take todevelop and improve. You can use science-based research to work on your organization’s strategy, management processes, metrics, structure, or other issues. The process looks at significant changes that need to be implemented for structural changes, not small, everyday changes to the daily workflow within an organization. You should review how to change company culture to increase success, build better communications within your organization, improve products and services for your customers, or increase your profit to achieve monetary success....

Automation,artificial intelligence, evolving technology, and the gig economy have all contributed to rapid changes in what work looks like. These changes create challenges for businesses, who may need help finding and retaining employees with the required skills to be successful in their roles. The increasingskill gapsamong workers and the expense of hiring and training new workers affect a business’s ability to focus on growth. Reskilling is a term for training current employees with new skills to move into new roles....

The modern hiring landscape is one of constant movement. According to a PwC report, 65 percent of people surveyed said they are currently looking for a new job, and 88 percent of executives say they are seeing higher turnover than normal [1]. This data suggests businesses need to be more creative than ever with strategies designed to attract and retain ideal employees.One such strategy is talent attraction, which incentivizes currently employed professionals or talented job seekers to apply to your company because of positive benefits....

Talent drives our global economy—the skills people bring to their daily work can help businesses thrive. That’s why companies and organizations have grown increasingly focused on talent development. Assisting employees to maximize their potential can benefit individuals, their employers, and the economy. This article explores the talent development field, illustrates its value, and shares best practices while offering advice to help you develop your team members’ talent. What is talent development?...

Leaders must think strategically, help their businesses adapt, and help their employees evolve. Certain leadership qualities play an essential role in your success as a manager. This article rounds up leadership qualities common to top leaders, explores how to develop your leadership skills, and identifies leaders to look to for inspiration. What are your leadership qualities used for? As a leader, you’re responsible for establishing a vision, encouraging your team, enabling employees, setting strategy, providing feedback, modifying behavior, mentoring and training others, and so much more....