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  5. What are the Business Impacts of Having Career Development Practices/Programs?

What are the Business Impacts of Having Career Development Practices/Programs?

File(s)
What_Are_the_Business_Impacts_of_Having_Career_Development_Practices_and_Programs.pdf (376.78 KB)
Permanent Link(s)
https://hdl.handle.net/1813/74503
Collections
Executive Summaries on Current HR Topics (ILRHR 6640)
ILR Student Works
Author
Stahno, John
Abstract

The utilization of employee development programs by companies has become increasingly popular in recent years; economic and external pressures to outperform competition have been a key driver in this arena. For sales organizations specifically, the resurgence of the United States economy will undoubtedly create higher demand for goods and services; it is essential that these organizations are prepared from their front line and up. According to a CSO Insights 2012 Sales performance optimization study, “a vast majority of the firms surveyed reported having education programs for their sales teams.” However, the more important issue is to have a clear development strategy that will result in positive business outcomes. According to the American Society for Training & Development, U.S. businesses spend $15 billion a year on sales training, only to yield sub-par results that sales employees view as “ineffective or less than useful.”

Date Issued
2014-04-01
Keywords
human resources
•
career development
•
career development programs
•
learning
Rights
Required Publisher Statement: Copyright held by the authors.
Type
article

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