According to Gallup, organizations that have made a strategic investment in employee development report 11% greater profitability and are twice as likely to retain their employees.
Employee performance development requires more than continuous feedback and evaluation. Boosting morale, fostering communication among team members, and creating an inclusive culture are all critical to improving employee development. However, as reported by Harvard Business Review, a Gallup survey found that “the quality of the manager or team leader explains at least 70% of the variance in team engagement.”
Most managers are never trained to be a manager. This combined with high turnover and distributed workforces can make it challenging for managers to establish trust and build a positive culture.
Communication is the key to employee development. When employees feel valued and heard, they are more likely to be engaged and production improves. According to an article in Forbes, “Employees who feel their voice is heard are 4.6 times more likely to feel empowered to perform their best work.”
With Truvelop, managers can foster communication among team members, which is important for supporting the development of peer relationships and creating collaborative work environments.
Two-way communication is important – as much as employees seek guidance and insights from their managers, they also want to have the opportunity to share and provide feedback themselves.
By analyzing employee performance based on evaluations in the Truvelop app, and understanding the team’s strengths and weaknesses, managers can pair team members based on complementary skills or test potential new roles. When a manager understands the depth of their team and the skills each person contributes, it is easier to oversee collaborative planning and work groups.
Additionally, through surveys and Sparks, employees are encouraged to share ideas and recognize one another, further developing a collaborative team environment that fosters employee development.
As leaders, managers can create a culture that supports development in a collaborative way with ongoing communication and engagement.
Contact us today to learn more about our modern approach to performance management and development and how it solves for retention. Don’t just take our word for it, see what our Customers have to say.