Importance of employee development programs in business
Journal of Management Development
ISSN: 0262-1711
Article publication date: 5 July 2023
Issue publication date: 19 July 2023
Abstract
Purpose
The importance of employee development programs (EDPs) has been evolving as businesses continue to change and employees continue to have different motivations. Understanding what motivates employees to continue working in a company can help managers have a more successful future. The relationship development between employees and managers can be more easily achieved with an established EDP with goals and motivations communicated. Both employees and managers can influence a positive culture. The authors use the social exchange theory (SET) to help explain this process.
Design/methodology/approach
A review of previous research was conducted. Looking through the social exchange lens, the authors developed practical implications of best practices for employee development (ED).
Findings
Findings of this study should guide organizations to develop, improve or maintain effective EDPs.
Originality/value
This paper uses social exchange theory to foster best practices for EDPs.
Keywords
Citation
Bilderback, S.L. and Miller, G.J. (2023), "Importance of employee development programs in business", Journal of Management Development, Vol. 42 No. 4, pp. 327-336. https://doi.org/10.1108/JMD-03-2022-0054
Publisher
:Emerald Publishing Limited
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