Encouraging employees’ professional development should be a top concern for any savvy business builder.
Business success is largely determined by their ability to find, attract, and retain the best and brightest minds in the industry. Yet, many businesses continually struggle with this task. The ongoing war for talent - coupled with a high level of employee disengagement - is enough to cause valid concern among executives and HR leaders.
Attracting skilled employees is expensive and retaining them is important for efficiency and sustained profitability. Effective performance management plays an unparalleled role in preventing the loss of valuable employees.