Employee development is important because learning on the job is crucial for becoming better and contributing more to your organization’s success. Studies have shown that people learn 70% of what they need to know in their work on the job, through experiences and trial-and-error learning. They learn 10% from formal learning like school and books, and 20% from mentors or coaches. It’s called the 70-20-10 Rule.
Developing your employees is crucial for their success and the success of your organization. It means engaging in a wide variety of activities that help your employees learn more and stretch to acquire new skills. Giving someone a new project that they have never tried before, or a special report about a new idea that might improve the company is a great way to develop employees. Mentoring and coaching is also an important part of employee development, giving them that crucial 20% that they need to learn from someone with more experience.
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