How I Made $5406 in August 2018 Working from Home [+ My 2 New Income Streams]

While the media might suggest otherwise, no entrepreneur becomes successful by themselves.

Once business picks up, and your workload begins to grow, you’ll need talented employees to shoulder some of the pressure.

Finding great talent isn’t easy, but what’s even more difficult is keeping the talent you do have engaged enough to stay.

To avoid high levels of turnover, however, this is what you must do. With that in mind, here are six tactics for developing employee talent. 

1. Take an Honest Interest

Before you can know how to develop an employee, you must get to know them a little better.

It’s important that you sit down with that individual to discuss their interests and career goals. This chat will help you to identify the types of development activities that employee should be doing.

Taking the time to plan individual development will increase the chance of a return on investment. 

2. Break Down The Barriers

To develop an employee for a larger role in your organization, they must understand how all aspects of the business world. The only problem is, many companies have become so compartmentalized that staff believes they can only operate within their department.

It is up to you to break down those barriers and provide opportunities that put your team in new situations. 

3. Invest in Additional Resources

An employee is an investment from which you expect a return. However, there may be more investments to make before you see one.

You might need to find top custom eLearning content providers to create online learning programs, for example, or hire professional coaches.

Whatever the resources you need, the investment is necessary and will be worth the money. 

Read also: How to Boost Productivity and Write Your Succession Plan

4. Give Them Constructive Feedback

Providing feedback doesn’t mean chiding or criticizing your staff. Instead, your words should be constructive in nature and include specific ideas of ways to improve and develop.

This feedback should be tied to data or the individual development plan and must be delivered regularly. Only providing feedback in annual performance reviews will result in missed guidance opportunities. 

5. Links to Professional Networks

Knowing the right people can definitely be an advantage in the business world. If you know some powerful individuals, then help your employees by connecting them with those contacts.

Send them to training courses, sign them up for industry associations, and attend corporate events just to introduce them to professionals. These individuals could then serve as mentors. 

6. Set a Good Example

Any employee is much more likely to see the value in professional development if they see their leadership continue to develop, both professionally and personally.

By setting an example, you will build the credibility and trust that you need to encourage your team to participate in crucial development activities. It shows that development is an important part of the company culture.

No business can survive without the help of loyal employees. To keep your team engaged, you must provide opportunities to grow. Hopefully, with this advice, you can develop employee talent in your business.