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With the global economy’s massive transformation, upskilling and reskilling have started to rank higher on organizations’ priority lists. Today’s workplace demands that all employees can access abundant relevant professional and personal development opportunities.
Employees seek growth opportunities and stay with employers who can provide them. A recent survey found that 94% of the employees feel that if the company invests in their professional development, they will stay with the company longer. Another poll concluded that 58% of employees (62% of whom were Millennials and GenX) feel professional development opportunities are essential for job satisfaction.
Considering this, employers have started introducing several training and development programs devised especially for their employees. However, sprinkling in a few extra learning opportunities isn’t going to make much of an impact on employee engagement strategies. Organizations require meaningful and sustainable tools that ensure robust learning and development opportunities while reaching business goals and objectives. One such tool is creating an effective IDP (individual development plan).
What is an Individual Development Plan?
An individual development plan (IDP) is a documented process that provides a roadmap for an employee to reach their career goals while contributing to the organization’s growth and success. It is a developmental action
