Employee development is a great business opportunity: Investment in people is the key to company growth

摘要

Purpose: This paper aims to explore why investment in people development and engagement is the key to company growth. Design/methodology/approach: The paper explains the importance of people development and engagement in general terms; then highlights the contribution they made to performance at Molson Coors Brewing Company and social enterprise Aspire-i. Findings: The paper reveals that the career development program at Molson Coors Brewing Company is seen as a significant factor supporting and inspiring employees to manage their personal development and organizational contribution, while the development program at Aspire-i has helped it to increase turnover by 15.8 percent and ensure that employees embrace challenge with enthusiasm and appetite to explore and capitalize on new opportunities and extract value from each piece of work. Practical implications: The paper demonstrates that combining and developing an individual's talents and motives in the pursuit of an organization's goals provides both personal satisfaction and increased performance. Social implications: The paper highlights ways in which companies can improve their performance, to the ultimate benefit of society as a whole. Originality/value: The paper claims that businesses can only function if employees are both engaged with the company's ideas and empowered to support and implement its plans.