If you don’t develop your employees, your business will die.
Now, that’s admittedly a little overly-doom and gloom, but employee development is both incredibly important and astoundingly ignored. As Victor Lipman described in an article posted to Forbes, employee development builds loyalty, which increases productivity. “Taking an honest interest in someone builds loyalty. Loyal employees are more engaged. Engaged employees are more productive.” So it’s not just something you do out of the goodness of your heart; it makes good business sense, too.