3 People-Orientated Strategies for Business Success in 2024
In this article, we uncover 3 people-orientated strategies that are crucial to implement in your business for success in 2024. We’ll cover employee engagement, skills development, and talent management. Each of these processes offer up their own incredible benefits for your business that you may have overlooked before. But don’t worry, we also give you tips on how to implement these strategies successfully into your business.
In order to succeed in the everchanging landscape of business there is one thing that stands out as your most valuable asset – your people. Your people are the ambassadors of your brand, the hands and feet that are keeping the cogs turning and the brains behind some of your most innovative ideas. Let’s dive into each strategy as we prepare ourselves for the rest of the 2024 year.
Strategy 1: Improving Employee Engagement
What is Employee Engagement:
You’ve probably heard about employee engagement before. But have you given thought to what it actually means? At its core, employee engagement stands for so much more than just making sure your employees focus on getting their work done. No, employee engagement refers to the emotional connection and commitment your employees have with their work, their team, and the company overall.
Therefore, engaged employees are those that are not only physically present but are also emotionally invested in their roles. They align with the goals and values of the organisation and are willing to contribute their best efforts to their work.
It is important to keep in mind that employee engagement goes much deeper than just employee satisfaction. It is what inspires your employees and gives them a reason to get out of bed to work for your company every day or that they are motivated to look for opportunities to grow your business at their on accord.
What role does employee engagement play in overall business success:
Why are brand ambassadors and engaged employees so essential for the success of your business goals? Because engaged employees offer so many incredible benefits that could be the secret ingredient for your business’ success. Here are a few:
1. Innovation and Creativity:
There are many businesses out there that are ready to grab the attention of your customers. We know it all too well. That’s why it is so important to make sure your business remains relevant by being innovative and creative with your offerings. While this may sound like an uphill battle, having the right team on your side can make a world of difference.
This is because a team of engaged employees deeply care about the company and its progression. Therefore, they will feel a sense of ownership in their work and are more likely to go above and beyond to come up with a more suitable solution to a problem. Chances are they have already thought of plenty of unique solutions, it’s just about pulling it out of them.
2. Positive Employer Branding
As human beings, we find actions more influential than words. That’s why employee engagement is a powerful tool when it comes to positive employer branding. You won’t need to bend over backwards and stand on your head to let future employees, investors, and customers know that you’re great.
Your employees, with their passion and dedication, will naturally create a positive environment that people will want to be a part of. This energy is especially helpful when you want to attract top talent. Employees are more likely to want to join a company with a reputation of high employee satisfaction than one that doesn’t.
3. Improved Customer Satisfaction
As mentioned above, engaged employees not only attract talented employees but can use their enthusiasm to capture the hearts of your customers. Your employees will be more customer focused as they genuinely care about the cause they are working for. Talking to customers about features, problems or your mission would therefore become a much easier task.
Ultimately, your employees will have a clear understanding of how important customer service is to achieve the goals of your business. Therefore, they will work to give your customers the best experience with your brand. This will give you a positive byproduct of increased customer satisfaction and customer loyalty.
How to improve Employee Engagement:
In today’s day and age, especially with the current unemployment crisis in South Africa, employee engagement may feel like a far-off concept. After all, there are thousands of people out there that are just focused on making a living. They may even battle to name all the values of the company they work for.
This is a valid argument, however, there are still a number of ways that you can create a positive work environment that your current employees want to work for. This starts with effective employee motivation and organisational culture. Here are a few ways to achieve both:
1. Effective Communication:
Just like any healthy relationship, communicating effectively and being transparent about what’s going on in your business can be a healthy first step in building a positive environment. Too often businesses want to keep quiet about issues because they feel it is an issue reserved only for management. However, this decision may have a negative effect. It may incite distrust, fear or even a desire to move onto another company.
Therefore, you should communicate openly with your employees about organisation goals, changes, and updates being made. This will only enforce the idea that you are working together as a unit rather than separate islands of your own. Additionally, this communication stream shouldn’t be one-sided. You should encourage employees to offer effective communication back to management. This could offer insightful feedback and help your employees feel like they are being heard.
Another benefit to investing in your team is showing them that you value their development, therefore improving their job satisfaction and creating job retention.
2. Recognition and Appreciation:
Everybody wants to feel valued. It’s in our human nature to feel more positive and connected to a cause when we are appreciated for the efforts that we put into it. Many businesses fail to recognise their employees. This may lead to stagnation in performance as employees don’t feel the need to put in more effort than expected.
To foster a positive culture of recognition and appreciation you can create a formal programme that highlights outstanding efforts and contributions. But it doesn’t have to end there. Even a word of praise or a small encouraging comment can go a long way to building up the confidence of your team.
3. Professional Development:
Did you know that a staggering 94% of employees believe that they would stay with a company for a longer period of time if they offered training and development programmes? But how could this be? The answer is simple, most employees want the opportunity to grow. If they aren’t growing, then they aren’t growing in their jobs and their careers. Providing learning opportunities not only fulfills this need but also makes your employees feel valued by your company.
Therefore, it is crucial to make sure you have various learning options available for your staff. These programmes will satisfy your employees while also giving your company valuable skills. Luckily, there are a large variety of learning options available to you. You could choose to train your staff with qualifications, learnerships, soft skills or short courses. This leads us into the next strategy that we believe companies in South Africa should be integrating into their long-term business’ success.
Strategy 2: Engage in Skills Development:
The second strategy we recommend focusing on as a people-orientated strategy for business is Skills Development. Training and development are too important a topic to not include in one of our people orientated strategies to achieving your business goals. In this section we’ll dive deeper into why this is important and how you can harness its power for the success of your business:
What is Skills Development:
Staff training, career development, professional training – there are a number of names used to describe training and development programmes within a business. Skills Development on the other hand is used to describe the process of acquiring, enhancing, and honing the skills and competencies necessary to perform a specific role or profession.
Skills Development is therefore a continual lifelong process that involves acquiring both technical and soft skills. This allows an individual to meet requirements, grow in their environment, and achieve career progression. Skills Development is essential for both professional and personal growth and can contribute to overall workplace effectiveness, development of critical or scarce skills and productivity within the organisation.
What role does Skills Development play in overall business success:
1. Adaptability to Change:
Whether you like it or not, change is and always will be a constant factor in business. New technological advancements, innovative software programmes and fancy sounding professions are innovations that you have probably heard about at some point or another. The reality is that there will always be something new being added with a new skill that comes along with it.
Staying on top of these skills will not only help your business in a new area but will also give your employees the training they need to be adaptable. Skills Development therefore enables your staff to stay current and embrace change.
2. Competitive Advantage:
Skills Development is also effective in making sure your business stays on top or remains competitive in the market. This is because you will have a workforce that is skilled and up to date with current trends. Therefore, they can respond more effectively to market changes, customer demands and industry challenges.
This competitive advantage will not only be competitive in the short term but will be a sustainable advantage that you can maintain over time. To do this you need to encourage a growth mindset within your business whereby learning, upskilling and trial & error is consistently encouraged. Helping your staff believe in their individual development will result in improvement and growth within your business. By ensuring your employees are constantly progressing, your company will automatically progress too.
3. Succession Planning
In business, it is hard to tell what can happen from day to day. That’s why it is always important to have a backup plan ready and waiting for when change arises. This is where succession planning comes in. Succession planning is a strategy that is used to build up employees with potential so that when the need arises, they are ready to step into a specific role.
This is beneficial as it ensures your company runs smoothly after a member of staff moves onto other opportunities, retires, or passes away. An example of this is giving an employee management or leadership training so they have the leadership knowledge readily available for when they take on a leadership role.
How to improve Skills Development:
Now you may be thinking, how hard could skills development be? You just need to choose a course and you’re good to go! Well not really. In order to get the best out of your Skills Development efforts it’s best to have a clear plan so you aren’t pouring your resources into skills that aren’t needed. To help you with this, these are few tips we suggest following:
1. Conduct a Training Needs Analysis:
A training needs analysis, or TNA for short, is a tool that you can use to identify skills gaps that are essential for the success of your business. With a TNA you will determine what your business goals are and how they align with Skills Development, find out what your skills gaps are based on data and then choose a learning programme based on your business objectives.
Why is this process so important? Because ineffective training can actually be harmful to your business. It can reduce job performance, waste resources, and only prolong the need for more efficient training. To help you avoid this headache, we’ve developed a comprehensive guide that breaks down each step to conducting a training needs analysis effectively.
2. Find the Right Training Provider:
The right training begins with the right training provider. Bad training programmes that don’t teach the right skills, don’t help with education retention, aren’t engaging and create the need for further training and expense are programmes that will only pull you backwards.
To avoid these pitfalls, it is important to take note of a few crucial elements before trusting someone with your training budget. Does the training provider have valid accreditation? Are their facilitators qualified in their area of expertise? Can the training provider customise their training programmes? Do they measure progress and record attendance? These are all essential questions that you need to ask yourself before making that big final decision.
3. Consult with a Professional:
Are you still feeling stuck? The training needs analysis didn’t work, and you still aren’t sure about the training provider, so now what? Have no fear, there are plenty of professionals out there that are trained in the art of assessing your business and then providing a meaningful solution.
While this may not be lighter on your wallet it will definitely give you the peace of mind that you have chosen a solution that is backed by a professional consultant. If you are wanting to engage in BBBEE training solutions, a Skills Development consultant may be just what you need to help you navigate this area of the industry with ease.
Strategy 3: Talent Management:
You’ve got the talented, motivated employees, you’ve invested in their training but how do you make sure they stick around? The final people-orientated strategy for business is Talent management which may feel like a balancing act but with the right processes in place it may be easier than you think to implement. Here are a few reasons why it is better to hold on to top talent you already have than keep looking for new ones:
What is Talent Management:
Talent management is a strategic process of acquiring, developing, retaining, and deploying talented individuals to meet current and future business goals. It involves implementing various HR practices to attract, nurture and retain high potential employees.
Therefore, talent management focuses on ensuring that the organisation has the right people in the right positions with the right skills to achieve your business goals. A concept taken from the book “Good to Great” by Jim Collins is a great way to reinforce this notion. “Those who build great organisations make sure they have the right people on the bus and the right people in the key seats before they figure out where to drive the bus”.
What role does Talent Management play in overall business success:
1. It is cheaper to retain talent than hire someone new:
While you may not believe it, the statistics show that it is true. Workable states hiring a new recruit can amount to a staggering 6 – 9 months of the original employee’s salary. But where is this cost coming from? Hiring a new staff member has many of its own expenses including recruitment costs, onboarding, and training expenses. You may also be dealing with hidden costs that creep up on you unexpectedly. This could include new equipment/software, project distractions, increased workload for existing staff and a potential decline in employee morale. With so much on the line it’s better to keep the talent that you already have than go looking for someone new.
2. Optimising Workplace Productivity:
To get the results you want, you need the right people in the right teams. Talent management is an effective tool for recognising the skills and capabilities of your staff members and then placing them in the correct positions. Therefore, employees are given the right skills, motivation and support to thrive in their roles.
But this is not all done in a vacuum. Talent management ensures that staff are placed where they need to be according to strategic workforce planning. Therefore, their work fits into the organisations goals and strategies while filling skills gaps that pop up.
3. Adapting to Trends:
Adapting to change may be just what your company needs to stand out from its competition. Luckily, talent management ensures that your staff stay on the pulse of what’s happening in the industry. To do this talent management ensures that your employees have all the correct skills, capabilities and flexibility needed to navigate and thrive in a rapidly changing business industry.
How to Manage Top Talent:
1. Strategic Workplace Planning:
Strategic workplace planning, also known as strategic workforce management or human capital planning, is a systematic and forward-thinking process that many businesses use to align their workplace with their business strategy and objectives. The main goal of this process is to ensure that your business has the right teams on board with the right skills in the positions that they need to be in for organisational success.
This may be conducted by forecasting workplace needs, identifying skills gaps and creating new strategies that acquire, retain and develop the talent necessary for your business to thrive.
2. Competency Framework:
A competency framework is a structured collection of the skills and competencies needed for an effective performance in a particular job or profession. This serves as a guide to define, measure and develop the right skills and behaviours needed for success within your business. Competency frameworks are usually used in various areas of business including human resources, performance management, talent management and learning and development.
3. Career Development Programmes:
Another effective way to manage your talent is to develop a road map for their career development. Career development programmes are structured intiatives that are designed to support employees in advancing their careers and reaching their career goals. These programmes typically include many different activities and resources such as training sessions, skills assessments, mentorship opportunities, goal setting exercises and more.
To conduct a career development programme you need to conduct an analysis of your employee’s interests, skills and aspirations. This will help you tailor the programme to their specific needs. Once this is established you need to set clear objectives for the plan and align them with both the individual’s and the organisation’s goals. Once this is done, you can choose which programme successfully fits the needs of the individual and the organisation. Evaluate once you are finished to make sure the programme has met your outlined objectives.
Next Steps:
Are you interested about integrating Skills Development into your business goals for 2024? Well, we are an Accredited Training Provider! With 24 years of BBBEE Skills Development training under our belt we are skilled in the art of finding the right solutions for your business needs. We have worked with countless brands in various industries to make sure their Skills Development programmes not only add value to their businesses but also impact and ultimately change the lives of the people that they train.
We offer QCTO qualifications, accredited learnerships, soft skills workshops, short courses and online training programmes so there is no limit to the training that you want to persue. Reach out to one of our representatives today to find out which learning programme is best suited to your skills gap needs. We can also consult with you on what the best approach is to gain back tax breaks and benefits as well as BBBEE points for all your Skills Development efforts. Reach out by calling +27 87 135 5543 or visiting the link here.