An employee development plan is a valuable tool to make your employees gain new skills and grow professionally. Employee development plans enable employees to achieve the organization’s goals and keep them productive, motivated, and successful. Professional development plans with tangible steps allow employees to learn new things, grow their knowledge, and stay productive.
One of the biggest challenges most organizations face today is employee retention. In fact, 19% of employees changed their jobs because they wanted promotions or more career advancements. However, when implemented correctly, an employee development plan can help your employees stay within your organization for a longer time.
What is an Employee Development Plan?
An employee development plan is an actionable and collaborative step that an employee needs to accomplish their career goals. Undoubtedly, the development plans include both short-term and long-term goals of an organization and employees. For instance, these goals can encompass learning a new skill, getting a certification, or a promotion.
Ultimately, when an employee advances through their career, they can update their career development plan to align their efforts with their goals. Ideally, employees update their development plans as they accomplish their professional goals and their role, offering guidance along the way.
However, creating this plan requires considering both readiness and goals of an employee for development. Breaking down career goals and individual progress helps managers understand the learner’s progress while discovering barriers to employee development.
What is the Importance of Having an Employee Development Plan?
Professional development plan benefits both employees and organizations as they set clear expectations for every employee. Furthermore, it also allows employees to discover their professional achievements while tracking their progress towards their ultimate goals. Indeed, the development plans are very useful in growing and expanding a business. For instance, by identifying the future needs of your organization, you can start preparing and developing your employees accordingly.
Undoubtedly, employees like to work for companies that invest in their careers. When you show your employees that you have the best interests, they work with more commitment and dedication. This will make your employees work for you for a longer time, develop good relationships and stronger teams.
5 Steps of Creating an Effective Employee Development Plan
Begin with Skill Gap analysis:
The first crucial step in developing a professional development plan is identifying the areas of upskilling that your employees need. Furthermore, training analysis can help you figure out the needs of your employees and what skills they are missing.
Doing so will help you put your business goals into action. Furthermore, you can streamline your training efforts by identifying what is working well and what areas need improvement.
Align your Organization’s and Employee Goals:
After identifying your employees’ training needs and interests, ensure your organization’s and employees’ goals are aligned and connected. An effective employee development plan not only includes your employees’ goals in general but also includes organizational goals for sound career succession plans and the ultimate success of your business model.
Furthermore, feedbacks and discussions are the best ways to measure employee satisfaction. Moreover, you can learn about the training needs of your employees, what skills they are interested in, and how they want to receive specific training.
Leverage Employee Development Plan Templates:
There are two significant types of employee development plan templates:
Individual Employee Development Plan Template: This will allow your employees to improve their job performance, accomplish their goals by collaborating on action plans beneficial for both company and individual employees. Using this template, you can quickly determine the strengths and weaknesses of your employees.
Key components of an individual professional development plan are ass follows:
- Professional Goals
- Talents and Strengths
- Development Possibilities
- Action Plans
Succession Planning Template: This template allows your organization to look towards operational continuity. You can quickly determine what resources are required at every stage of your business.
The key components of the succession planning template are as follows:
- Identifying critical roles and responsibilities
- Drafting success profiles
- Nominating Succession employees
- Assessing training development requirements
- Developing talent
- Measuring Performance and Progress
Align Learning Opportunities with Training:
After creating a career development plan for your employees, ensure your employee training aligns with tasks. Additionally, you can consider deploying different training delivery methods for better engagement and productivity.
In contrast, you can leverage different tools to grow the skill set of your employees. Consider implementing the following technologies for skill-based learning:
Track Results to Make Smart Decisions:
It is crucial to monitor the success of your training efforts and develop a plan to solve any critical issues. You can meet regularly with your employees and take feedback from them on what skills they need to build, how they want to receive training, etc. Identify obstacles that are making it hard for your employees to accomplish their goals. Discover various tools and techniques to make your employee training more effective and productive. It is vital to have a dedicated team for measuring and monitoring your employee development plan’s success.
At KloudLearn, we help you deliver effective and engaging enterprise training using its powerful Learning Management System. You can create an effective and efficient employee development plan using KloudLearn’s unlimited functionalities. KloudLearn helps you create interactive training courses with a built-in course authoring tool. Boost learner engagement and course completion rates with gamification, certificates, and badges. You can track and analyze training performance with pre-built reports and dashboards. Drive your employee training goals and business growth with us. Contact us today to learn more.