An investment in your people is an investment in the future of your business. Investing in your employees can mean investing in various areas such as personal development or activities that bring them happiness.
One method for investing in the professional development of your employees is an individual development plan (IDP). This tool helps your employees to see short- and long-term goals as well as empower themselves:
To really get the most out of each IDP, managers and their direct reports need to conduct some type of monthly check-in. If you aren’t helping your employees consistently track against their goals, then they won’t make any real progress. Schedule a monthly chat to help them hold themselves accountable to their goals and give them direction on how to make continued improvements to achieve them.