Investing in your employees' growth is necessary for your company to sustain productivity growth in the face of a diminishing workforce. New employees are already difficult to find and will be increasingly so. Each dollar invested in developing existing employees saves many more dollars in recruiting new employees. The types and methods of nurturing you pursue should be as varied as the individuals involved, but some common themes are apparent as we approach a new century that is also calling for new business models. Fostering a culture that cares.
Most people innately care about the well-being of their family, friends and coworkers.
Yet organizational structures and practices in business frequently work against these concerns, the stated values of the company and the professional growth of its employees. Seize every opportunity and occasion to convey, reinforce and live the values and principles your company espouses. Increasingly, work in companies is accomplished through teams. Provide training on team behavior and expectations. Think about introducing open-book management.