Professional development: Why it matters, and how Corporate College can help you achieve your goals
February 09, 2017
“An honest day’s pay for an honest day’s work.”
It’s an axiom that has been long held by employers in the American workplace. Employees want fair compensation for their time and effort. It’s the essential trade-off that propels companies forward.
Or, it was. Employees still want that honest day’s pay, but in the modern business culture, fair monetary compensation is a basic assumption. The companies that attract and retain the best talent are going well beyond that. They are the companies maximizing the talents and skills of their people by creating pathways for professional development.
“Employees want to advance in their careers,” said Tiffany Short, director of client organizational effectiveness at Cuyahoga Community College. “Employers who give employees the opportunity to sharpen their skills almost always see an increase in overall engagement and job satisfaction.”
According to research conducted by the Society for Human Resource Management, 47 percent of employees listed career advancement opportunities with their current organization as very important to their job satisfaction. It’s a figure that has risen nearly 20 percent over the past eight years. Yet, only 24 percent of employees reported being very satisfied with the career advancement opportunities at their companies, and just 33 percent were somewhat satisfied.
Employees who feel trapped in jobs that don’t offer career advancement are more likely to seek other employment opportunities. The SHRM research found 45 percent of employees are likely to seek out new jobs within the next year, and 27 percent of those employees listed better career advancement opportunities as the primary reason for seeking out new employment.
In short, few investments are more important than the investment a company makes in its employees. In addition, professional development isn’t just personal enrichment – in many industries, it’s necessary to keep up with changing standards and regulations.
“One good example is the auto industry, where standards are often revised,” said Samantha Kaplan, director of quality and continuous improvement for Tri-C. “In the automotive food chain, you need a quality management system that adheres to current standards in order to continue doing business.”
The value that a professional development plan provides comes down to return on investment. The money a company spends needs to deliver tangible results in employee satisfaction, employee retention and the development of skills that benefit the company.
Tri-C’s Corporate College provides expertise and resources that can help a company’s professional development plan deliver those results.
“We sit down with clients, and try to focus on the company’s needs and pain points,” Short said. “We can help decide whether the program needs to be broader or more focused, and roll it out in different ways.”
In addition to consultation services, Corporate College also provides classes covering a wide range of skill-development areas critical to success for both employees and companies. Registration now open for spring 2017 classes -- a full list is below.
Corporate College's goal is to serve as an ongoing resource for businesses throughout Northeast Ohio. For more information, visit www.tri-c.edu/corporatecollege.