There are a tremendous number of moving parts that go into the success of any business, and business leaders must make critical decisions on which elements they will prioritize and invest in and which won’t receive as much attention. Let’s cut to the chase, though—investing in your staff should always be near the top of the list. Training, development, wellness programs, fair compensation, and the like will all lead to developing an employee-centric workplace that will drive your culture, engagement, retention rates, and ultimately, success. One mechanism by which this occurs is the fact that investing in employees drives productivity. High-development cultures are engaged cultures—it’s as simple as that. This, obviously, will improve the businesses‘ bottom line, freeing up resources that you can reinvest to create a positive feedback loop. Another added benefit of investing in your employees is that it will help you attract new talent—a critical aspect of remaining competitive in today’s environment. Talented individuals are more mobile than ever before, and if you’re not actively working to invest in them, they will find a competitor that will.
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