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Who Gains from Employee Development

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Who Gains from Employee Development
By: Michael Williams Kaplan University AB203: Human Resources Management Prof Jim Morgan March 10, 2014

Employee development is an important process for any company. Employees are the backbone of any business. Well trained employees are essential to every successful company. Not only does the company benefit, but the employee as well. The well trained employee performs the required tasks efficiently and effectively, this helps with employee turnover and directly affects the bottom line. The well trained and developed employee also benefits by acquiring the needed skills to achieve one’s career goals. When a company spends money on developing employees; investors, customers, and employees should all reap the benefits. Recruiting and training employees present a substantial cost for any employer. This is the reason why retaining effective employees is so important. The best way to retain an effective employee is to offer career advancement opportunities. This provides the opportunity for an employer to invest in the employee and get a return on the investment by moving the employee to a more important position within the company. The investors benefit by having an effective employee in a position to make decisions that benefit the company financially and the company’s bottom line improves from decreasing expenditures on recruitment and new hire training. Customers benefit from well trained employees by either receiving a better product or service experience due to the tenured employee or by maintaining a comfort level or rapport with employees that they are used to dealing with. Lastly, the employee benefits by acquiring the necessary skills needed to advance their career with the company or another of their choosing. Employees that participate in an employee development

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