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9 Min. Read

Employee Development Plan: Benefits, Types & Steps

Employee Development Plan

It’s almost impossible to advance in your career without a bit of help. Maybe it’s a manager who saw a spark in you. Or maybe it’s a company that offered to pay for further training so you could reach the next step on the ladder. 

For business owners, you can give staff in your company the same kind of boost. This can happen by developing an employee development plan. Both new and seasoned coworkers can benefit from an employee development plan. This type of plan helps with learning, growing, and advancement. It has significant advantages for your company as well.

Read on to learn more about the benefits, types, and steps to create an employee development plan.

Table of Contents

What Is an Employee Development Plan?

Benefits of an Employee Development Plan

Types and Examples of Professional Development Plans

How to Create an Employee Development Plan

Key Takeaways

Frequently Asked Questions

What Is an Employee Development Plan?

An employee development plan is a document you make to assist your staff. This specifically comes in handy when developing their job-related skills. It will also help them with acquiring knowledge and abilities for future positions.

Occasionally, this plan entails giving your employees leadership training. This relies on building the person’s skills and interests. Also important is detailing the specific requirements of your company. 

You cannot adopt a homogeneous strategy. And you cannot use the same staff development plan concepts across your entire firm.

Make Productivity A Priority

Benefits of an Employee Development Plan

There are several benefits that come with creating an employee development plan. 

Employee development plans clearly define each employee’s expectations. This means they are helpful to both the employee and your company. 

Employees can name specific professional milestones or goals they want to reach. And they can measure their advancement as they work toward achieving those milestones. Apart from that, employee development strategies can help your firm thrive and grow.

Here is a breakdown of some of the ways that enacting a development plan can pay off for you and your business:

  • Help you attract excellent candidates for specific jobs
  • Boost employee engagement and drive
  • Boost staff performance to enable growth in productivity and profitability at your company
  • Develop a culture of promoting staff members
  • Boost employee satisfaction and retention
  • Aid your company in future planning

Types and Examples of Professional Development Plans

The type of professional career development plan you choose will depend on the goals and objectives of your company. It will also depend on your employees. 

Plans for professional growth can take many different forms. Among the most common are:

Continuing Education Courses

This kind of development strategy may be appropriate for those looking to get a promotion. They would accomplish this goal by earning a higher degree or certification. Another component of this professional development strategy could be tuition help.

Example of Continuing Education Courses

Let’s say a senior member of your business decides they want to develop their leadership skills. Their aim is to step into a management role. 

The goal of the employee is to take on more responsibility in their current position. They also wish to contribute more to the business and earn more money. 

So, how does the company help? They provide reimbursement for the costs associated with a management certification course. And they take care of the financial load with any relevant exams.

Increased Duties and Responsibilities

You can train a team member on new technologies, systems, and procedures. This employee then learns how to install these same systems and procedures. Staying competitive in the field may entail learning about new advances in the sector. 

Staff members could also take on more difficult duties to grow in their positions.

Example of Increased Duties and Responsibilities

After working with your organisation for a while, a worker feels ready to advance their leadership abilities. 

They assume a larger proportion of the mentoring and coaching duties within the team. This comes after consulting with their direct supervisor to identify acceptable possibilities. During this time, the employee’s immediate supervisor offers direction and mentoring advice.

Professional Organisations and Seminar Participation

This strategy comprises participating in conferences and seminars organised by joint ventures. It could also mean joining the board or organising activities supported by the organisation. 

These gatherings need to give workers the chance to network. That way, they can become more involved in their companies and industries.

Example of Professional Organisations and Seminar Participation

An employee from your company has extensive knowledge in a certain department. They often attend regional conferences and workshops. There, the person picks up new tactics to use in their job and concepts to advance their department.

Additionally, they gain access to other experts in their industry. And many of these experts share advice on how to form productive teams and produce significant outcomes.

How to Create an Employee Development Plan

Business Goals

To achieve your business goals, think first about the specific abilities that each employee will need. Also, keep in mind a reasonable timeframe for achieving these goals. Listing each employee’s strengths can be helpful for determining which abilities you can develop. 

Also, be sure to examine your organisation’s status, goals, possibilities, and problems. And analyse how you can develop and mould your workforce to help you reach your goals. 

Consider these matters carefully. Seek advice from respected peers and leaders. Make a list of your priorities and responses that is as detailed as possible.

When designing an employee development plan, account for both short and long-term objectives. You should always be looking at the short-term whilst having the long-term as an overarching goal. 

Employee Personal and Professional Goals

Collaborative staff development plans work best. When developing an employee development plan, take into account each employee’s objectives. Employees can use this time to concentrate on specific abilities and objectives. Their aims will help them achieve both their professional and personal goals.

Communication is also key. So, be sure to meet with each employee one-on-one to go over their career development goals. To prepare a list of inquiries and helpful suggestions, request a review of their plan in advance. 

A scheduled meeting enables your staff to get ready as well. Ask employees about their career objectives and their expected futures with the company. Or ask about the new skills they believe will be helpful in their present and future jobs. 

Pay serious attention to the employee’s responses. And search for opportunities to match the employee’s ambitions with the demands or expansion of your business.

Create a List of Important Resources

Create a list of resources that will help the employee. The list should help them with both their personal and professional goals. This step of the plan will come after you’ve defined the goals of the firm and the employee.

Some businesses offer tuition reimbursement programmes. Or they will pay for travel costs for employees to attend professional conferences. This means employees can further hone their networking and professional development abilities.

There are 2 more strategies that are often used to promote professional growth: 

  • Giving staff members specific projects connected to their desired duties and skills
  • Encouraging them to volunteer in their community

Even paid days off are an option for employees who want to take part in charitable endeavours.

Develop an Action Plan

Once these previous steps are complete, it’s time to put your ideas down and create an action plan. 

You should write out everything you’ve learned about the organisation’s and the employee’s goals. You should also jot down tools you’ll use for employee development. Then you put all this information into a concise, unambiguous action plan. 

Include a schedule for each expectation and go over it with each employee separately. This way, everyone is aware of the steps to take and the due dates.

Once you’ve developed your plan and put it into action, you will still need to track your results and then refine your strategy. This will ensure that you and your staff continue to benefit from the plan to the fullest.

Key Takeaways

Developing your employees is something that can only bring good things. This is true for you, your business, and your employees. 

Employees hold a wealth of unrealised potential for your company. And chances are they are eager to take on challenges and learn new things. The people, opportunities, and resources they need to advance are all right there. You can provide everything for them with the creation of an employee development plan. 

As the owner of the business, you can play a key role in assisting them at any point in their career. And watching your people develop and your company reach new heights as a result? That is a truly rewarding experience.

FAQ on Employee Development Plans

What Is the Goal of Employee Development?

Employee development is the process of enhancing an employee’s current competencies and skills. They also create new skills to serve the objectives of the firm.

How Do You Write a Development Plan Sample?

To write a sample, you should pick key goals and a small plan of action. This serves as a tester for what’s going to happen and what you should develop with your employees. 

What Are 5 Characteristics That Should Be Included for a Good Professional Development Plan?

Professional development plans should have the following at the heart of the plan: 

  • Content
  • Coherence
  • Duration
  • Active learning
  • Participants