Three Reasons Employee Professional Development Is Critical for Your Employees

For many of your managers, especially Millennial generation employees, professional development plays a significant role. Given the unprecedented situation we’re currently facing, professional development is more critical than ever. Your employees, with the right tools, can help effectively manage your business during this crisis, ensuring your business remains successful throughout.

Below are three ways professional development can help better position your business to be healthier and stronger.

Employee Professional Commits You to Your Business’s Future

Too many businesses set their sights on the money they’ll make next quarter, not the money they’ll make ten years from now. This mindset can get you stuck in the short-term and inhibit your ability to succeed in the long-term.

One of the ways to challenge short-term mindsets is by developing the skills your future leaders need. Think of professional development not as a business expense per se, but a long-term investment in one of your most significant assets. Your emerging leaders are the future of your organization, and BOAR’s NextGen Evolution program works to cultivate their skills while helping them grow, thrive, and succeed. We develop your employees’ potential, so they will continually contribute to your business for years to come.

Retains Your Top Talent

Turnover could cost you up to 213% (not a typo!) of annual salaries for top-level executive positions. It’s more cost-effective to develop your existing employees into leaders than to hire leaders from the outside, hoping they will be the right fit for your company. And don’t forget that many Millennial employees tend to prefer career progression over higher pay. Professional development, therefore, is one of the best ways to keep your valuable employees motivated, inspired, and loyal to you and your business.

With our year-long, monthly meet-up, MBA-style NextGen Evolution course, your future leaders will develop a deeper understanding of business finance, effective leadership, enhanced communication skills, and strong personal accountability – and that’s just the tip of the iceberg.

Keeps Your Future Leaders Engaged

Disengaged talent, low productivity, and bad decisions were all too common before the COVID-19 crisis. Challenging times have a way of exposing weaknesses in people and businesses.

NextGen Evolution identifies the missing skills evolving managers need while appealing to their natural openness and agile minds. NextGen Evolution prepares them for success in a dynamic workplace while keeping them engaged and committed to your business.

Ultimately, this crisis will pass, and you will want to ensure you’re emerging as secure as possible. Employee professional development is one of the best ways to do this. To see if NextGen Evolution is the right fit for you, your business, and your future leaders, please contact BOAR at 855-922-BOAR.