April was all about investing time and energy into your people and their development. Our world is evolving, and with that, there’s been a shift in what skills organizations are looking for. Developing the necessary concrete skills for a specific role will always be a priority, but more and more organizations are seeing the need to develop soft skills like complex problem solving, emotional intelligence, and social influence. When organizations and managers invest in professional growth for their employees, they see an increase in engagement, motivation, retention, and productivity. When organizations prioritize their team members’ development, everyone benefits.
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Employees and the digital transformation occurring across all industries are increasing the demand for technology tools. The field of HR is not excluded. Employees want more streamlined tools that simplify their daily tasks and improve engagement with their managers. For front-line employees, this is even more important to ensure they remain connected and receive the support they demand from managers.
Last week was a busy time for the Truvelop team! We had team members in Las Vegas attending the Transform 2023 conference and then followed up with the Cleaning and Cocktails event hosted by Rozalado Services back in Washington D.C. Throughout all of our conversations, there was one theme that became abundantly clear: Truvelop is the ONLY HR tech solution focused on front-line and hourly worker retention.
By viewing employees as capital that is required to sustain and grow a business, rather than expendable human resources, companies will develop a culture that values employees and thus drives retention.
We are excited to welcome Vonachen Group to our growing customer base! Vonachen Group is the direct result of our partnership with BSCAI – Building Service Contractors Association International.
Employees are human capital that require ongoing support that meets their unique needs, experiences and skillsets. No two employees can be managed exactly the same, so managers who are adaptive are more successful at engaging and motivating their employees which leads to increased retention.
McKinsey & Company recently ran an article focusing on this idea of people as capital. It starts with the individual perspective. An employee receives coaching and support. They develop their skills. They contribute at a greater level because they have strong relationships and feel like their actions influence the outcome. When managers take the time to invest in their team’s development, that effort can positively impact the entire organization.
Gone are the days of the annual review that gets filed away with no value other than a perfunctory task managers are required to complete. Today, reviews should be done frequently throughout the year and be used to inform goal development based on the employee’s performance.
In April, our Customer Success Team led another Lunch and Learn for the managers in our user community to kick off the new quarter. In People as Capital, our audience explored the connection between skills development to overall organizational success and how coaching cultures can benefit everyone, both personally and professionally. In the future of work, managers can expect a focus shift to the development of soft skills instead of just coaching the concrete skills necessary for the current role. This shift towards learning and growth on the go is a great way for organizations to build greater resilience and boost retention rates.
A study from Gallup Workplace that evaluated why performance management isn’t working, found that just 2 in 10 employees say their performance is managed in a way that motivates them to do outstanding work.
Retention is affected by several factors. In April we explored how investing in employee development plays a role, but in May, we’re shifting that focus to culture. Culture is like the secret sauce for organizations and a positive employee experience. How that culture comes to life is up to the employees, so it’s critical that organization’s equip their managers with the tools and resources to reinforce the right behaviors and actions and ensure that their employee feel connected to the culture and the organization’s mission, vision, and values.
Contact us today to learn more about our modern approach to performance management and development that actually improves the manager and employee relationship by taking your managers to the next level. Don’t just take our word for it, see what our Customers have to say.