How to Make Learning & Development Work for Your Startup
Your startup is stretched, strapped for cash, and super busy. But you can still find time to help your people grow.
Today, employees expect more from their employers than ever before. In addition to a paycheck and a fun work environment, an increasing number of employees expect their company to help them develop professional skills.
Data shows that professional growth is especially important to younger employees who have begun to enter the workforce. Recruiting agency Robert Half found that 91 percent of Gen Z employees evaluated professional development as one of the most important factors for choosing where they want to work. And other research shows that Millennials value learning & development (L&D) as the most important benefit after salary when selecting an employer.
Startups are battling for this young talent, and yet startups face several unique challenges for trying to launch L&D programs:
1. Startup budgets are tight.
With limited funding, resources gravitate toward product improvements and sales initiatives, leaving little left over for training and developing employees.
