{"id":10397,"date":"2018-03-13T19:08:27","date_gmt":"2018-03-13T19:08:27","guid":{"rendered":"https:\/\/sandler.dsstaging2.com\/case-study\/4-benefits-investing-employee-development\/"},"modified":"2023-11-14T02:47:59","modified_gmt":"2023-11-14T02:47:59","slug":"4-benefits-investing-employee-development","status":"publish","type":"post","link":"https:\/\/sandler.com\/blog\/4-benefits-investing-employee-development\/","title":{"rendered":"4 Benefits of Investing in Employee Development"},"content":{"rendered":"\r\n<p>Communication is important to a growing business and sales team, but that\u2019s only part of the equation. Employee development is another key aspect for continued growth and success. While this topic is often incorporated into business plans, it\u2019s commonly overlooked and bypassed in pursuit of other priorities. Below are four reasons why employee development should be at the top of the list.<\/p>\r\n\r\n\r\n\r\n<p><strong>1.\u00a0Employee Retention<\/strong><\/p>\r\n\r\n\r\n\r\n<p>According to a\u00a0<a href=\"https:\/\/www.kronos.com\/about-us\/newsroom\/employee-burnout-crisis-study-reveals-big-workplace-challenge-2017\"><strong>recent study by Kronos and Future Workplace<\/strong><\/a>, 87% of human resource professionals consider improved retention a critical or high priority over the next five years. The best way to do this, is to allow employees to feel satisfied, supported, and fulfilled in their current role and have room to grow.<\/p>\r\n\r\n\r\n\r\n<p>If fostering a positive work environment for your employees is not motivation enough, keep in mind that on average,\u00a0<a href=\"https:\/\/blog.bonus.ly\/10-surprising-employee-retention-statistics-you-need-to-know\"><strong>it takes 200% of a skilled employee\u2019s annual salary to attract and train a new individual<\/strong><\/a>. Saving money and retaining good talent is prime example of killing two birds with one stone.<\/p>\r\n\r\n\r\n\r\n<p><strong>2. Beneficial Culture<\/strong><\/p>\r\n\r\n\r\n\r\n<p>In the same vein as the bullet above, investing in employee development can create a positive work environment and favorable culture for your team to exist in. Last year, Sandler detailed how a <a href=\"\/blog\/create-positive-work-environment\/\">positive work environment<\/a> can impact your team\u2019s success.\u00a0The article summarizes why a good culture at work provides a reason for pride and motivation, prevents negative consequences, actually reduces cost and improves your bottom line, and fosters growth individually amongst your employees.<\/p>\r\n\r\n\r\n\r\n<p>What\u2019s even better about this benefit is that it happens naturally. If you allow <a href=\"\/blog\/sales-leaders-five-steps-for-instilling-a-growth-mindset\/\">opportunities for growth<\/a> to develop, the positive work environment and culture will follow. Employees both create, and are affected by, the culture of your company. Therefore, by providing chances for them to feel respected and valued, they will in turn positively impact your culture.<\/p>\r\n\r\n\r\n\r\n<p><strong>3. Augmented Abilities<\/strong><\/p>\r\n\r\n\r\n\r\n<p>The most obvious impact of developing your employees is the effect that it will have on their <a href=\"\/blog\/minimizing-disruption-on-your-sales-team-when-new-skills-and-capabilities-are-required-to-succeed\/\">skills<\/a>, abilities, and output. The more you train and trust your team, the more successful they will be and in turn, the more successful your organization will be. To have the most impact possible, consult your employees about the development opportunities they wish to be made available to them. This will demonstrate your willingness to cater to their needs, and the amount of value you place upon their happiness and growth.<\/p>\r\n\r\n\r\n\r\n<p>Even small steps like this will go a long way towards developing your employees, and in the end, it will end up being beneficial for you and the company \u2013 a proverbial win-win.<\/p>\r\n\r\n\r\n\r\n<p><strong>4.\u00a0Succession Planning<\/strong><\/p>\r\n\r\n\r\n\r\n<p>Like the other items, this impact is advantageous for both you and your team. In fact, this benefit builds upon the others listed above. If you develop opportunities for your team to grow, you <a href=\"\/blog\/retain-sales-management-talent-engage\/\">retain their talents<\/a>, foster a positive work environment, and advance their skill, you will be in a good position to pass the baton to one of them when you are ready to step down from a leadership role.<\/p>\r\n\r\n\r\n\r\n<p>As most sales leaders prefer to promote from within and entrust their practice with someone they know and value, laying the groundwork for a <a href=\"\/blog\/key-to-successful-training-and-development-strategy\/\">succession strategy<\/a> is an important part of business planning. It can also aid your team\u2019s attitude if you are upfront and transparent about wanting to pass on your business to them. This demonstrates trust and consideration that will be well received by your employees.<\/p>\r\n\r\n\r\n\r\n<p>Developing employees is not always easy and can be derailed if other priorities arise. However, the importance of training your team to succeed cannot be overstated. If you invest in employee development, you will retain more talent, improve your company\u2019s culture, improve your teams\u2019 abilities, and draw a blueprint for your succession plan.<\/p>\r\n<p>Learn more about\u00a0<a href=\"https:\/\/www.sandler.com\/blog\/category\/management-leadership\"><strong>developing your team and abilities as a sales leader<\/strong><\/a> today!<\/p>\r\n\r\n\r\n","protected":false},"excerpt":{"rendered":"<p>Communication is important to a growing business and sales team, but that\u2019s only part of the equation. Employee development is another key aspect for continued growth and success. While this topic is often incorporated into business plans, it\u2019s commonly overlooked and bypassed in pursuit of other priorities. Below are four reasons why employee development should&#8230;<\/p>\n","protected":false},"author":167,"featured_media":10398,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[1120],"tags":[1161,1033,1157,1035],"class_list":["post-10397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-employee-development","tag-leadership","tag-leadership-skills","tag-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>4 Benefits of Investing in Employee Development | Sandler Training<\/title>\n<meta name=\"description\" content=\"Communication is important to a growing business and sales team, but that\u2019s only part of the equation. Employee development is another key aspect for continued growth and success. While this topic is often incorporated into business plans, it\u2019s commonly overlooked and bypassed in pursuit of other priorities. Below are four reasons why employee development should be at the top\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sandler.com\/blog\/4-benefits-investing-employee-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"4 Benefits of Investing in Employee Development | Sandler Training\" \/>\n<meta property=\"og:description\" content=\"Communication is important to a growing business and sales team, but that\u2019s only part of the equation. Employee development is another key aspect for continued growth and success. 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