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Personnel development and further training in young companies: investing in success

11/02/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In young companies, especially start-ups, staff development and training can easily be overlooked when the focus is on rapid growth and product development. Yet these aspects are crucial to building a talented and committed team and ensuring long-term success. In this article, we will shed light on the importance of staff development and training in young companies.

Why is staff development important?

Technical expertise: Continuous development of employees' technical skills enables a company to keep pace with the latest trends and technologies.

Motivation and employee retention: Investing in employee development shows that the company is interested in their success. This can increase employee retention and motivation.

Leadership development: Identifying and developing leadership talent within the organisation is critical to securing the future leadership pipeline.

Innovation power: Through training and development programmes, employees can develop new ideas and innovative approaches that benefit the company.

Successful personnel development steps:

Needs analysis: Determine the individual development needs of your employees. This can be determined through interviews, performance appraisals and feedback.Clear development goals: Set clear goals for employee development. These goals should be specific, measurable, achievable, relevant and time-bound (SMART goals).

Training and development programmes: Offer training and development programmes that are aligned with employees' individual development goals.

Mentoring and coaching: Promote mentoring and coaching programmes to pass on experience and knowledge within the company.

Evaluation and feedback: Regular progress reviews and feedback sessions are crucial to ensure that employee development is on track.

Further training in young companies:

Access to resources: Make sure your employees have access to educational resources such as online courses, specialised literature and training courses.

Time for training: Allow employees to schedule time for training activities and encourage them to acquire new skills and knowledge.

Promote a learning culture: Create a corporate culture that supports lifelong learning and continuous development.

Measurable results: Make sure that the training outcomes can be measured. This can be done through tests, projects or the application of what has been learnt in day-to-day work.

Employee involvement: Ask employees for feedback on training to ensure that the programmes meet their needs.

Personnel development and training are not one-off events, but continuous processes. However, in young companies, they are critical to empowering employees to drive the business forward and meet ever-changing challenges. Investing in the development of your employees is a step towards long-term success and competitiveness on the market.

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