Invest in Employee Development, Reap Rewards

… By Kelly Bosak When evaluating your business it is important to remember that people are your most important asset. It is the people in your organization that control whether or not your organization succeeds. When thinking about the people in your organization consider the following three messages: succession planning is necessary, reduce workplace conflict, and improve your bottom line. First, succession planning is necessary, and mentoring fills your leadership pipeline. Employees who receive mentoring are promoted five times more often than those who do not. Further, mentors are six times more likely to be promoted. People are 77% more likely to stay in a job if they are in a mentoring relationship—particularly the younger generations. Thirty five percent of employees who do not receive…

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