Employee development is crucial for the success of a company or institution. Employee development provides for a work environment of educated, informed and like-minded individuals, all working to serve the greater purpose of the company for which they are employed. Employee development is a vital aspect in the success of any business, be it big or small, and it is more of an intellectual investment than a monetary one. With the implementation of an employee development program within a company, owners and investors will see that the benefits of employing such a program far outweigh the costs of implementation, providing for a more focused, driven and goal-oriented staff which serves its employer to the best of its ability.

Introduction

The University of Minnesota (2010) defines employee development as a "joint, on-going effort on the part of an employee and the organization for which he or she works to upgrade the...
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