Your Professional Growth: Our Business Development.
The need to kick-start your career in a healthy workplace that is also dedicated to adding value to your professional development cannot be overemphasized.
It is why most people pray and strive to commence their careers in well-structured organizations like multinationals where systems are already in place to foster the overall growth and development of their employees.
Because startups are fast-paced and high-growth, the core is ensuring employees deliver on their OKRs and KPIs. And so, a number are not exactly invested in the personal development of their employees, but of course, welcome it if their employees take it upon themselves and bring the resulting value back to the organization.?
More like mining employees for all they are worth/can bring to the table. In return? Remuneration and unbalanced work-life balance. ??
Complaints or request by startup employees for support towards personal and professional development is perceived as entitlement, and oftentimes met with feedback of
“there are more pressing things to invest funds in at the moment.”
Of course, this is not the case with all startups, as some have shown a history of investing in their employees as much as the employees also invest in the company. A trade-by-barter kind of relationship.?????
On speaking to employees of several startups/organizations, ‘the right time and resources’ never seem to come. Hence, when employees become tired of the rinse and repeat of their jobs, and the lackadaisical attitude of the company towards their professional growth, they activate exit plans in the hope of joining better organizations that understand the concept of prioritizing Learning and Development.?
In the words of these employees,
“we put in our best every day to grow the business. It is demoralizing to see that our employers are not willing to invest in our professional development too.”?
This is disheartening, considering that asides from being a way to reassure your employees that you see and appreciate their effort and commitment towards growing the business, research has also shown that investing in your employees’ growth and development has a tremendous ROI in the form of improved skills which of course positively contributes to the bottom-line, ‘Increased Productivity.?
See it this way: ???
Company Monthly Revenue = $370,000
On experimenting with different ways to increase their monthly rev, this company decides to invest in its employees by sponsoring team-tailored training.?
Training Budget: ???
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Total cost of training?= $34,000
After this training, the tech team becomes more efficient and churns out a series of amazing products. The business team becomes more proficient in prospecting, negotiation, and account management. The customer support team largely increases the retention rate and lands several referrals. The operations team aces product/service delivery by a whopping percentage.?
After one, two months, or even a quarter, the company’s revenue skyrockets to $543,000 and about 20% month on month (MoM).?
What changed??
Resultant effect?
Employee Growth ?
Company Growth. ?
Better put: Employee growth ?? Company Growth.?
Now, while in some situations, Employee growth =/ Company Growth, it is an investment that you will never know how much ROI it will yield unless you try.?
Of course, some companies will rather play safe by not making this investment seeing that the return is not ?? assured. However, it is always better to know you tried and did not achieve the expected results than not try at all.?
Quoting some popular sayings:?
Employees gave you a shot by accepting to join your company to grow your business. Doing the same for them isn’t that bad.?Is it?
Talent Code Consulting has an array of training tailored to suit your company’s L&D needs. Feel free to contact them via [email protected]
NB: All the figures in this article are fictional and do not reflect the reality of any company known to the author.?