The success of any business is not just reliant upon the efforts of leadership. To truly thrive, companies need skilled and committed employees.
This certainly means that human resources and management need to apply resources to discovering and attracting the best possible talent.
But their attention shouldn’t stop once onboarding is complete.
Those efforts must include deliberate talent development.
Talent development is the process through which companies continue to invest in their employees beyond base salary payments and benefits.
As one recent study shows, a company culture that nurtures employees directly impacts the bottom line.
Not least of which regards the costs of turnover:
that 94% of employees would stay with a company if it were willing to invest in their learning and development.