How companies can Improve their Talent Development and employee retention

The best business leaders know that their employees are their most valuable resource. Indeed, how you manage and maintain your staff is vital to your success. Your approach can give you a competitive advantage, or it can cause you to fall at the first significant challenge.

As such, a vital part of your ongoing management and human resources (HR) strategy needs to be focused on effective talent development. Simply giving your employees the basic training they need to perform tasks isn’t enough. You and your HR professionals need to make ongoing efforts to build their skills, confidence, and leadership potential. This is also an important factor in reducing turnover. A recent report found that 94% of workers surveyed stated that they were likely to stay at a company that invested in their learning.

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