Article2023

Importance of employee development programs in business

23 citations0/0 files storedJournal of Management Development

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Human Resource Development and Performance Evaluation Employee Performance and Management Human Resource and Talent Management

Abstract

Purpose The importance of employee development programs (EDPs) has been evolving as businesses continue to change and employees continue to have different motivations. Understanding what motivates employees to continue working in a company can help managers have a more successful future. The relationship development between employees and managers can be more easily achieved with an established EDP with goals and motivations communicated. Both employees and managers can influence a positive culture. The authors use the social exchange theory (SET) to help explain this process. Design/methodology/approach A review of previous research was conducted. Looking through the social exchange lens, the authors developed practical implications of best practices for employee development (ED). Findings Findings of this study should guide organizations to develop, improve or maintain effective EDPs. Originality/value This paper uses social exchange theory to foster best practices for EDPs.

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References

2017100 years of training and development research: What we know and where we should go.2013Do organizations spend wisely on employees? Effects of training and development investments on learning and innovation in organizations 2017Transformational Leadership, Creative Self-Efficacy, Trust in Supervisor, Uncertainty Avoidance, and Innovative Work Behavior of Nurses 2021Using the social exchange theory to explore the employee-organization relationship in the hospitality industry 2016Employee Voice, Supervisor Support, and Engagement: The Mediating Role of Trust 2003Employee development and organizational performance: a review of literature and directions for future research 2016The link between high performance work practices and organizational performance 2020Does perceived organizational support and employee development influence organizational citizenship behavior?

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2024Post-development Employee Retention: A Literature Review Based on Social Exchange Dynamics in the Work Environment 2024Role of Training and Development Programs in Enhancing the Employees Job Satisfaction and Loyalty

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