So, your training and development budget has been cut, now what? Employee development has been shown to increase employee retention especially with the Millennial generation. So, if you don’t want to lose talent, you need to get creative.
There are plenty of low cost, no cost ways to continue developing your talent. In my book, Are You Talent Obsessed?, I highlight 3 of these techniques-mentoring, learning from team members, and coaching.
Gallup provides additional ideas for developing employees during a time where budgets have shrunk. The last idea of Building a Learning Culture is what I have seen to be the most impactful. In organizations that have a learning culture, leaders’ model and support ongoing learning. A learning culture is more prepared to adjust and change during external disruptions such as a pandemic.