Managers Myth

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Myth : People will leave once they acquire new skills.

Truth: Good people will leave anyway, in all probability.They will get a promotion or a chance at more responsibility. If you train and develop employees, they are more likely to stay within your company. It’s
better to lose a great employee to another position in your own company than to another company.

- Grooming people from within for that next position allows you to hire
talented people from within—and their learning curve is shorter!

Myth : There is no payback from long-term development.

Truth: : On the contrary, you will bring money to the bottom line with development. Top performers list working for a company that develops its people ahead of many perks—including company cars! This results in savings in recruiting, orientation, and training. Turnover costs money, and development reduces turnover.
- Skills and experiences developed will probably be needed in a future job; nothing is ever wasted.
- You increase the value of existing employees when you develop them.


Myth : Development takes the employee off the job and hurts productivity.

Truth: Job satisfaction and productivity are increased in organizations that develop their people.

- Mistakes and rework decrease when employees are developed.

- No employee works every minute of a workday; less time is spent on negative talk and furtive job searches when employees have something more worthwhile to do—like developmental steps.

Myth : Development takes too much of a manager’s valuable time.


Truth: Managers will either spend the time in development or spend the time fixing problems that result from not developing people. It’s better to spend time doing positive management tasks.

- Communication, team building, and many other managerial tasks are accomplished simultaneously when development takes place.

Comments

revati raman singh said…
sir this is really amazing column and i will suggest every employer to read this at least once especially to employers where attrition rate is high.
July 27, 2011 at 6:23 PM
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