Invest in your greatest asset - train your staff, says UKCES
Getting the most from your employees is not about carrots and sticks. What's involved is a careful 'balancing act' by great leaders and management, who must strive to motivate their staff and give them the right challenges and training to match the needs of the business and the requirements of their jobs.
That's according to Mind Your Own Business: How to get the most from your people, a new brochure from the UK Commission for Employment and Skills (UKCES). The report outlines some straightforward practical measures that employers can take to maximise the potential of their 'greatest asset', their people.
A key recommendation is to invest in skills. Businesses that don't train are two times more likely on average to go out of business than those that do, the authors say. Undertaking a skills audit enables employers to identify any underused skills and to recognise what might be needed for the business now and in the future.
Investing in staff shows an organisation values and believes in them, advises UKCES. It means employees will be more likely to stay on, and they'll also be kept engaged by learning new things and seeing their opportunities for advancement, the report says.
Having the right skills only makes sense if they're being applied to the right job, the brochure points out. Jobs need to be designed to challenge and stretch employee's skills. They'll also engender a sense of purpose if they allow staff to see how their efforts are contributing to the organisation at large. 'Anything less is a waste of talent', the report says.
Acas can help your organisation fulfil its training needs in many specialist areas, including practical workshops on Skills for supervisors. Details of events and courses on how to boost employee engagement can be found listed under Staff retention.
Visit the Acas Training and Business Solutions area for more information.