People development within the workplace is rapidly growing, with organizational well-being and job satisfaction becoming top priorities for today’s workforce. In a rapidly changing professional landscape, forward-thinking companies are channeling their resources and time towards fostering both personal and professional growth amongst their teams.
While compensation remains crucial, it’s clear that today’s employees seek more than just a paycheck. They aspire to be a part of a thriving culture where respect and honor are paramount. Indeed, a toxic corporate culture significantly impacts industry-adjusted attrition and is a dominant factor even over compensation when it comes to turnover. As noted by inc.com:
A toxic corporate culture is by far the strongest predictor of industry-adjusted attrition and is ten times more important than compensation in predicting turnover.
One effective strategy to mitigate workplace toxicity is the adoption of people development software. These tools provide tailored insights and coaching to fortify organizational teams. Leadership challenges are ever-present, but with the right tools, fostering collaboration, efficiency, and engagement becomes more attainable.
With the increasing popularity of personality assessments like the Enneagram, the rise of professional coaching, and the integration of developmental software, it’s evident that businesses are keen on diving deeper into understanding their employees. They aim to harness strengths and address areas of improvement, fostering a conducive working environment.
Continue reading to explore why leading businesses are leaning into people development and preventing workplace burnout. Plus, uncover resources to bolster organizational values, instill ownership, and champion respect in your professional domain.
What Is People Development?
People development is the dedicated effort by organizations to promote personal and leadership growth among their employees. It’s not just a strategy; it’s an essential commitment companies make to uplift their team members, enabling them to hone interpersonal skills that spur both individual transformation and organizational expansion.
At its core, people development is a vital investment in your company’s most valuable assets: its individuals. When employees undergo personal growth and acquire soft skills, navigating challenging interactions with colleagues and clients, it positively resonates throughout the organization.
As highlighted by builtin.com:
Strong company culture is paramount for sustained success. To establish a compelling culture that attracts and retains talent, intentional shaping of the organizational environment is crucial.
In today’s competitive landscape, merely wishing for people development won’t cut it. Organizations need to prioritize and act upon it, recognizing that the health and well-being of team members directly correlate with the company’s long-term success.
What Is People Development Software?
People development software is a digital solution designed to streamline and enhance various facets of organizational health, including leadership development, HR processes, team collaboration, and individualized employee coaching.
Functioning primarily as a SAAS (Software as a Service) platform, people development software empowers organizations in facilitating both personal and professional growth for their members. These tools are not only user-friendly but also harness data-driven insights to craft personalized coaching sessions for individuals and comprehensive development plans for teams.
Top-tier people development software stands out by offering flexible customization, innovative learning modules, and unmatched customer support. A mark of a robust platform is its seamless integration capability with other commonly-used apps and platforms within an organization.
Why Is People Development Software Booming?
People development software is cropping up because the demand is overwhelming. Creating an employee development program can be overwhelming; however, more and more organizations recognize the dire need to do so. The Great Resignation shone a glaring spotlight on a problem already as bright as the sun.
Every organization is different, but employees’ desire for work-life balance, healthy culture, and career fulfillment is almost unanimous. And thankfully, organizational leaders recognize the need and are taking action.
A satisfied employee is not just a retained employee but an ambassador for the brand, internally and externally. She can help dispel the apprehensions of others and can defend the company in various fora.
Happy employees are more loyal to the company and its objectives; they go the extra mile to achieve goals and take pride in their jobs, teams, and achievements. – entreprenuer.com
People-first employers understand that providing their employees with tools that help them develop their relational and leadership skills benefits the entire team.
3 Significant Reasons Organizations Are Using People Development Software
1. Companies Realize Employees Stay And Give Their Best For More Than Just Money.
Organizations understand that to retain a talent-dense team, they must develop a strong reputation of caring for their people.
Now is the time to really focus on Employee Experience, and EX is all about treating people well. Spend some time getting to know the people you have, building a culture of internal mobility, and taking care of your leaders. It’s the most important recruiting strategy you have. – joshbersin.com
Your employee’s well-being is good for them and your business; intelligent, capable people understand this and prioritize this feature of an organization in their decision to stay or move on.
2. People Development Software Effectively Equips Employees With The Agility Needed To Adapt In Disruptive Environments.
Leaders realize it is more cost-effective to retain and develop leaders from within rather than seeking new candidates who have the skills that the organization needs.
Redeploying talent to new roles—which often requires some degree of skill-building—has also become more commonplace over the past year. Forty-six percent of respondents report an increase in redeploying talent at their organizations, making it the second most critical activity for closing skill gaps.
Companies plan to increase their spending on learning and skill-building over the next year, compared with their investments since the end of 2019. – mckinsey.com
People development software can help leaders create a plan for training cross-functional employees so that the organization remains flexible amid change.
3. Organizations That Use People Development Software Improve Leadership And EQ Skills Within Their Teams.
Emotional intelligence, leadership capability, and mental health are critical indicators of individuals primed for growth. Employees that can emphasize with one another and clients can vastly increase business success.
EQ Emotional Intelligence is now commonly viewed as essential for businesses to survive and grow. Studies indicate that individuals struggling in business: owner, management, staff, or employees tend to score low in EQ Emotional Intelligence.
And for the reverse, individuals doing well and more successful in business tend to score high in EQ Emotional Intelligence. – thehrdirector.com
SAAS tools that help employees gain valuable insight into their strengths and weaknesses provide tangible ways for creating growth paths for every person in the organization.
Which Software Is Best For People Development?
Choosing the ideal people development software hinges on the unique challenges and objectives of your organization. A deep understanding of your workforce’s requirements can guide you towards the functionalities, solutions, and benefits that align best with your goals.
Here are four leading options to consider, each promising enhanced engagement, nurturing growth, and empowering your team:
The 4 Best People Development Software in 2023
Cloverleaf
Cloverleaf is an automated coaching platform that provides personal and relational insights to help strengthen employee engagement, employee experience, collaboration, and teamwork.
Cloverleaf has service options for organizations of every size and can easily scale with your team as it grows. It also provides valuable resources to promote self-awareness, personality development, and skill-building. Working with Cloverleaf is a breeze, and the platform is super intuitive.
Leadr
Leadr provides solutions for three critical areas of concern within an organization:
- Leadership Development
- HR
- Health Plans
Leadr is a robust, full-service software capable of serving businesses, non-profits, educators, and churches.
By understanding the ins and outs of the platform, you can better assess whether it is a good fit. To discuss your organization’s needs, evaluate costs, and learn more about the functions of Leadr, you must schedule a demo. Click HERE to request a demo.
Truity
Truity offers an array of personality tests, including the Enneagram. There are several career aptitude tests that employers can use to gain helpful insights into the motivations and drivers of their team members.
Understanding what inspires and ignites career fulfillment within your team mmbers can help ensure that people are in the right roles for effective productivity.
Check out some of the various tests available for your organization:
Crystal
Crystal utilizes AI to help organizations empower their teams to connect better with each other, partners, and clients. The platform is built for personality insight, relationship building, people development, and training.
Crystal focuses on three crucial components of organizational health:
- Sales & Customer Retention
- Coaching & Leadership Development
- Hiring & Onboarding
To learn more about Crystal, you can request a demo to review any of the three products to discover how they work, the features, and costs.
Business Benefits Of Personal Development In The Workplace
Businesses and organizations benefit from supporting personal development in the workplace because it can eliminate unnecessary conflict, promote career fulfillment, and support efficient communication.
You can give your team the skills they need to improve their day-to-day work, get better outcomes, and boost your bottom line through employee development. A better-trained workforce brings increased output for your company. – post.edu
It makes sense if employees experience personal transformation by learning more about their personality, becoming more self-aware, and developing more empathy, productivity, and better results will follow at their job.
Companies with strong cultures have seen a 4x increase in revenue growth. Furthermore, companies that have appeared on Fortune’s annual 100 Best Companies to Work For list also see higher average annual returns, with cumulative returns as high as 495% instead of 170% (Russel 3000) and 156% (S&P 500). – forbes.com
There is a direct connection between employee development and higher profit returns. Organizations that support personal development benefit from their efforts and create a powerful advantage over competitors. Healthy cultures result in lower turnover, happier customers, and resilient teams.
9 Valuable Business Benefits Of Personal Development
- Increases productivity, sales, and revenue
- Conveys care and empathy for the team
- Improves collaboration among team members and departments
- Promotes efficient and effective communication
- Supports resilience and determination throughout the organization
- Eliminates drama, gossip, and office politics
- Reinforces core values at every level of the organization
- Attracts top talent to your team
- Strengthens employee retention and longevity
A healthy organizational culture affects the bottom line. A study conducted by IBM showed that companies with a positive environment realized double the sales and had a significant return on assets. Companies that put people before profits are rewarded in the end. chron.com
The benefits of people development in the workplace are hard to ignore. People first organizations understand the value of emphasizing the importance of work-life balance. If employees are healthy and happy, it will positively impact the bottom line.
Final Thoughts
Your organization can be a catalyst for the ongoing support, training, and development of its members. Supporting your team with personal and professional growth tools is more possible than ever before. Not to mention, top talent, trustworthy employees, and smart individuals expect their employer to invest in their potential.
Using software to support people development at every level within your organization makes it practical, scalable, and easy to manage. Customizing the personal growth journey for the individuals on your team is one of the most effective ways to ensure sustainability and revenue growth.
Regardless of the size of your team, there are options available. Organizations that refuse to prioritize work-life balance, mental health, and personal growth are losing quality individuals and getting left in the dust. If it’s time for your team to implement a people development software, review and compare the options above to get started
