{"id":3959,"date":"2021-03-09T14:44:52","date_gmt":"2021-03-09T18:44:52","guid":{"rendered":"https:\/\/lgcassocprod.wpengine.com\/?p=3959"},"modified":"2023-10-31T10:39:08","modified_gmt":"2023-10-31T14:39:08","slug":"investing-in-employees-careers-6-ways","status":"publish","type":"post","link":"https:\/\/lgcassociates.com\/es\/investing-in-employees-careers-6-ways\/","title":{"rendered":"Hospitality in the News |\u00a06 Ways to Begin Investing in Employees\u00a0Careers"},"content":{"rendered":"

Every week we comb through the news to find employment trends affecting the hospitality industry so you don\u2019t have to. This week\u2019s topic: why (and how) you should start investing in <\/span>employees<\/span>\u00a0careers.\u00a0<\/span>\u00a0<\/span><\/p>\n

Why you should be investing in employees careers<\/strong><\/h5>\n

As a manager,\u00a0<\/span>having high<\/span>\u00a0<\/span>retention rates is a key indicator that you\u2019re\u00a0<\/span>maintaining\u00a0<\/span>a satisfying, engaging environment for employees that makes them want to stay\u00a0<\/span>at\u00a0<\/span>your company.\u00a0<\/span>While there\u00a0<\/span>are several ways to encourage retention on your team, there\u2019s one way that has benefits for both staff and employers: investing in employees careers.<\/span>\u00a0<\/span><\/p>\n

For\u00a0<\/span>workers<\/span>, having management take an interest in\u00a0<\/span>their future will\u00a0<\/span>show\u00a0<\/span>that they\u2019re not just another cog in the wheel \u2013 they\u2019re an important asset\u00a0<\/span>that managers are willing to invest in. For employers,\u00a0<\/span>helping your team grow their careers<\/span>\u00a0<\/span>can increase retention and reduce turnover, which\u00a0<\/span>will<\/span>\u00a0save money on hiring\/firings costs.\u00a0<\/span>In\u00a0<\/span>fact,<\/span>\u00a0a<\/span>\u00a0<\/span>study by\u00a0<\/span>The Harris Poll<\/span><\/a>\u00a0reports<\/span>,<\/span> \u201c70% of US employees say they’re at least somewhat likely to leave their current company and accept an offer with a new company that’s known for investing in employee learning and development;\u201d meaning if you\u2019re not prioritizing career growth, <\/span>employees will find someone who will.<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n

T<\/span>here\u2019s another reason why it\u2019s\u00a0<\/span>so\u00a0<\/span>beneficial to take an active interest in\u00a0<\/span>your employees\u2019\u00a0<\/span>goals:<\/span>\u00a0because you could be mentoring a future leader\u00a0<\/span>of<\/span>\u00a0your organization.\u00a0<\/span>If career investment can help you retain great talent, reduce turnover (thus\u00a0<\/span>lowering\u00a0<\/span>hiring expenditures), and\u00a0<\/span>motivate\u00a0<\/span>employees, why wouldn\u2019t you?\u00a0<\/span>\u00a0<\/span><\/p>\n

How to start investing in <\/span><\/b>employees<\/span><\/b>\u00a0careers<\/span><\/b>\u00a0<\/span><\/h5>\n

Now that you know why it\u2019s beneficial to invest in your team and their professional goals,\u00a0<\/span>we can look at some of the ways to\u00a0<\/span>put this notion into practice.\u00a0<\/span>Remember that the size of your team and organization\u00a0<\/span>will affect what\u2019s possible in terms of investing in employees career advancement. <\/span>\u00a0<\/span><\/p>\n

Fund learning\u00a0<\/span><\/b>courses or<\/span><\/b>\u00a0relevant<\/span><\/b>\u00a0certificates<\/span><\/b>
\nA great way to invest in your employees that will help develop their skills is by literally\u00a0<\/span>investing<\/span><\/i>\u00a0in\u00a0them<\/span>;\u00a0as in paying for courses or\u00a0<\/span>r<\/span>elevant\u00a0<\/span>certificates<\/span>\u00a0that will\u00a0<\/span>provide the education they need to grow. Not every company will have the necessary funds to do so, but by finding affordable option<\/span>s, you can help your team develop valuable skills<\/span>ets<\/span>\u00a0and make them better employees while they work with you.\u00a0<\/span>\u00a0<\/span><\/p>\n

Help them\u00a0network<\/span><\/b>
\nAn introduction to the right person\u00a0<\/span>can be extremely valuable, especially for professionals\u00a0<\/span>who are\u00a0<\/span>just starting out<\/span>\u00a0or are looking for a mentor.<\/span>\u00a0Utilize social media or video conferencing for safe,\u00a0socially-distanced\u00a0introductions.\u00a0<\/span>\u00a0<\/span><\/p>\n

In-house training<\/span><\/b>
\nOne of the best assets<\/span>\u00a0you have<\/span>\u00a0for employee development is your team.\u00a0<\/span>By introducing an in-house training program, employees can learn about positions outside of their own\u00a0<\/span>and receive hands on training from coworkers<\/span>.\u00a0<\/span>\u00a0<\/span><\/p>\n

Invite outside\u00a0speakers<\/span><\/b>
\nHosting speakers from other industries or companies will help expose your team to\u00a0<\/span>diverse leaders that m<\/span>ight inspire or motivate them<\/span>. Whe<\/span>n<\/span>\u00a0<\/span>thinking about who to invite, consider asking\u00a0<\/span>employees<\/span>\u00a0<\/span>what sort of speaker they\u2019d like to hear\u00a0from\u00a0<\/span>so you know you\u2019ll have their attention. Showing this attention to detail is a great way to show that you’re investing in employees careers.<\/span><\/p>\n

Support work life balance<\/span><\/b>
\nS<\/span>upporting\u00a0<\/span>a good\u00a0<\/span>work life balance<\/span>\u00a0means employees\u00a0<\/span>should<\/span>\u00a0<\/span>have time outside work to focus on passion projects or other<\/span>\u00a0activities that\u00a0<\/span>advance their career goals.\u00a0<\/span>This should always be a priority when considering employee satisfaction.<\/span>\u00a0<\/span><\/p>\n

Lend an\u00a0ear<\/span><\/b>
\nSometimes the best thing you can do when investing in employees careers to help is<\/span>\u00a0<\/span>to listen. Maybe\u00a0<\/span>workers<\/span>\u00a0want to\u00a0<\/span>share their aspirations or get ideas on how to move forward on a project, or just have someone listen to them. You can\u2019t go wrong with offering a friendly face who th<\/span>ey can talk\u00a0<\/span>openly with<\/span>.\u00a0<\/span>\u00a0<\/span><\/p>\n

Investing in employees careers<\/span>\u00a0will take time and effort (and money, in some cases) but the payback \u2013 whether literal or figurative \u2013<\/span>\u00a0<\/span>can be huge. Show your team that you care about their futures and in return, they\u2019ll show their appreciation through retention, loyalty, an<\/span>d engagement.<\/span><\/p>\n

About LGC<\/strong><\/a><\/p>\n

Since 2003 LGC has been building connections between businesses with staffing needs and job seekers looking for new opportunities. Our range of solutions includes temporary and permanent placements (and everything in between) for a variety of industries. With offices located nationwide, we can tap into a dynamic pool of talented professionals. We have a passion for creating partnerships that last and work hard every day to ensure both clients and candidates reach their employment goals.<\/p>","protected":false},"excerpt":{"rendered":"

Every week we comb through the news to find employment […]<\/p>\n","protected":false},"author":67,"featured_media":312728,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[106],"tags":[118,497,406],"class_list":["post-3959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-advice","tag-employee-development","tag-hospitality-in-the-news"],"yoast_head":"\nHospitality in the News |\u00a06 Ways to Begin Investing in Employees\u00a0Careers - LGC<\/title>\n<meta name=\"description\" content=\"Every week we comb through the news to find employment trends affecting the hospitality\u00a0industry\u00a0so you don\u2019t have to. 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