HR 5 April 2017

Three employee development strategies for small business owners

Successful employee development
Successful employee development strategies can aid both staff motivation and retention
Writing for Business Advice, Peter Done, founder of Peninsula HR, outlines three employee development strategies for smallbusiness owners to ensure their workforceremains motivated and engaged with their role.

A business is only as strong as the people who operate within it. This is a sentiment, which is echoed in the organisational structure that has been built at Peninsula. The business mantra is ‘success starts here, so it is important to acknowledge that without the hard work and dedication of the talented individuals here, the business would not have achieved half of the success and recognition it is has received.

For this reason, the ultimate aim is to foster and facilitate the learning and development of every employee that steps through the doors here, providing a work environment that is enriching and rewarding.

In an effort to keep employees engaged in their work and help them achieve more success within the company it is important to invest in them. Here are three crucial ways to successfully manage employee development:

  1. Set and update goals on a regular basis

The key to actively developing employees is to set relevant and achievable goals. Rather than setting and discussing employee goals on an annual basis, optimise the development and review process by creating quarterly goals. Not only are these goals easier to set, but the results of those goals are easier to’see.

Quarterly goals are the quickest, easiest way for employees to derive meaning from what they do every day. As such, creating achievable goals and monitoring employee progress is crucial.

With the rapidly changing nature of a business, some goals may no longer be relevant longer down the line. Revisiting these goals every quarter highlights which goals need to be updated, ensuring that individual work goals are still applicable.

  1. Offer opportunities for individual growth

Employees want training to aid their development and to advance their career. Providing coaching and development activities throughout the year is an employer’s best bet to create a culture of growth within the workplace.

To ensure continuous growth and improve productivity, provide employees with the tools they need to function to be at their best.

For new starters, consider creating a mentorship program in which new hires work closely with a seasoned employee within their department. Doing so will get new employees on the right track sooner.

Additionally, develop current employees by offering regular training programs or bringing in industry professionals for lunch and learns.