The most important asset for companies today is human capital. Several surveys point out that developing your employees is the best way to increase the value of the company. This is why there are several Human Resources to decrease the employee turnover and develop them within the organization.
What is an Employee Development Plan?
It is the set of actions of Human Resources that the company will execute during the year to develop the skills, knowledge and skills of its employees. In the Development Plan will be described all the initiatives as: training, periodicity of evaluations and the budget for each of these stages.
There is no time frame for future planning. It may be just for this year, and for the next 3 years, the most important thing is to make everything planned and projected, including financial allocations. One suggestion of ours is to do this planning every beginning of the year.
What are the key steps for an Employee Development Plan?
We can make an Employee Development Plan in three simple steps.
- Training Planning
- Performance Evaluation Schedule
Before making any kind of planning it is important to have the right inputs to be able to analyze and make decisions based on data and not on the whimsy. To understand what to develop in your company you need to take a step back and see what in fact needs to be developed.
There are some HR tools that can help in this step as the Performance Evaluation by Competencies.
After you do the Performance Evaluation of your employees and find out what needs to be potentialized and developed, it's time to plan the trainings. When thinking about training, it is important to have two things in mind:
The first is your financial budget. There are two ways you can reach the final amount in fact.
In a way you will structure the whole schedule of necessary trainings, budget price for all and provision it in the company budget.
The second way is to already have a provisioned budget and think of the training schedule from the company budget.
Although the first mode is ideal, I know it is not the reality of many companies, so it is important to make it clear that there is no right or wrong way. The important thing is to make provision for a training value for your employees.
Many workouts will occur during the work day and this may end up decreasing the productivity of the business as a whole. That is why it is important to always understand at what times of the planned period the training should take place.
Some companies choose to have their employees take courses online rather than face-to-face, aiming at just this time impact. He can take the course at home or at some idle time, for example.
2. Training Planning
With Budget and Time available it is time to record what training will be done. After all, there is no point in planning if it is not possible to execute and control the execution later.
The first record that must be made is the students' own: Name, contact, function and area within the company are some of the interesting data to have registered.
The second important record to be made is the listing of courses. In this listing, some data that can be recorded are: Training Name, Date, Location and, if you wish, you can register a responsible person and the area that will be trained.
This type of control and registration of your data will help to follow all the trainings carried out during the year, so it is important to register. After all, it is important to arrive at the end of the year knowing what has been done or not done in planning.
3. Performance Evaluation Schedule
After taking all the steps to give more training to employees, it is important to make performance appraisals to see if team performance has improved.
Ideally, you should do at least two performance appraisals during the year. If in the pre-planning you have already done one to identify the improvement points, do one after the training, more towards the end of the period and with most of the training done, to verify if there was, in fact, an improvement in the indicators .
Finally: Like all planning, the Development Plan has to have a follow up to verify if the execution is being carried out. After all, it is worth nothing to plan but not take off the paper.