HR: find out why create a skills development plan and its benefits!

The Skills Development Plan… Everyone talks about it, but no one really knows how it works! Here’s everything you need to know to create an effective and profitable plan for your business.

What is a skills development plan?

In the market, having trained professionals is a significant competitive advantage for a company. For this reason, many companies rely on the skills development plan.

Entered into force on January 1, 2019, the skills development plan is the new name for the training plan. It concerns large companies as well as VSEs and SMEs.

the skills development plan is a tool used by companies to manage people. Through this plan, the employer tries toalign company goals with employee goals and career plansthinking at the same time in the short, medium and long term.

With the skills development plan, the company develops the potential of its employees and strategically optimizes their performance, motivation and commitment.

What benefits can you derive from a skills development plan?

The skills development plan serves as a guide so that employees can establish an action plan with the company to develop their skills. For the employee, it constitutes an evolutionary roadmap for his career and for the company it is a guide to measure and follow closely the evolution of his collaborators.

This plan also helps the company to make employees feel more engaged and, therefore, increases the chances of retaining talent and reduces turnover.

A McKinsey study revealed that France is one of the countries where professionals work with the most demotivation. This is mainly because they see no prospect of growth in the company they work for.

One of the tools that can help change this reality is the skills development plan. Below are some of the major benefits it can bring to businesses.

retain talent

A study by the Hay Group showed that 64% of companies have difficulty retaining talent and 89% of companies do not even have a strategy to facilitate this retention. Despite this high number, companies that rely on the skills development plan have an excellent tool for retaining their talent .

Indeed, the skills development plan is a motivating factor for employees, who can thus consider professional development. In addition, companies that make it a priority to invest in the careers of their employees tend to hire them more easily because they feel more valued by the company.

Control of absenteeism and turnover

An INSEE survey estimates the turnover rate in France at 15.1%.

Job market competition to attract qualified employees is singled out by French managers as the main reason for this high turnover.

However, with the skills development plan, it is possible to improve this rate. The skills development plan has the power to engage and motivate employees. Thereby, the company creates a bond of trust with its employees, avoiding abrupt departures of these towards other companies. Employees know exactly what steps they need to take to grow professionally within the company. From there, employees’ commitment to their work increases as they pursue their goals. This scenario ends up having a positive impact on the overall reduction in absenteeism and turnover.

Professional appreciation

According to a study by Robert Half, one of the pillars of happiness at work is professional appreciation. And professional development is one of the benefits that the skills development plan can offer companies. The skills development plan create a motivating and stimulating environment where employees feel valued and can develop professionally and grow in their careers.

Retain employees and increase their productivity

By knowing exactly where they can go and what steps they need to take to grow professionally within the company, the employee engages with the company’s objectives.

Employees engage by focusing on their goals and knowing that their results depend on their own efforts. Engaged employees can offer a lot to the company. In addition, an investigation by Dale Carnegie showed that companies with engaged employees display +202% better performance to companies that do not have committed employees.

Importance of the skills development plan for employees

Equally important for the company, the individual development plan offers many advantages to employees, starting with the possibility for them to develop new skills and competences.

It can also be noted that the skills development plan can offer employees:

  • Professional development : the skills development plan is important to enable employees to develop new skills and grow professionally.
  • A career plan : It is possible thanks to the skills development plan to consider a more consolidated career plan, because the professional will be able to see what goals and objectives he must achieve in order to evolve.
  • Self-awareness : the skills development plan is also important so that the employee has a macro vision of his qualities and faults and reflects on his possibilities for development.
  • Promotions : this possibility of growth and professional development promotes the well-being of the employee so that he creates new ambitions in the company and is better prepared to occupy positions of responsibility and promotions.
  • To create dialogue with the company : by aligning the expectations of the company and the employee, the skills development plan creates a space for dialogue between them, each one being able to present their desires and expectations, so that all the objectives of the plan are achieved.

What is the role of HR in the skills development plan?

A Harvard Business Review study showed that HR who are most concerned about managing people and the well-being of their employees perform +51% better than HR who only focus on administrative matters. This means that the HR sector has started to act concretely in the development of employees.

As a result, HR has assumed a managerial and no less strategic role in the skills development plan, alongside leaders and managers, so that their actions can be implemented for the benefit of employees.

Without forgetting that HR’s role is to map the skills development plan, to assess employee satisfaction with actions, and to measure expenses but also results.

In addition, it is essential that those involved in the process of the skills development plan determine what needs to be developed, which skills and competencies (leadership, ability to work in a team, ability to identify and solve problems, interpersonal communication , etc…), and whether the actions have brought the expected results.

The final word

In line with the employee’s career plan, the skills development plan is very important in the business environment.

It is at the initiative of the employer and the latter can freely define the actions that he wishes to include in the skills development plan for his employees. For this, the labor code leaves a significant margin of freedom.

However, companies that have more qualified professionals stay ahead of the competition and obtain more satisfactory results.

Source link

Shopping Cart