Developing your employees is a task that takes proper thought and understanding. As a company, you want your employees to grow in their positions and in the organization. There are many options to do this, but here a few that can truly make a difference.
First things first, establish goals with each of your employees. Lay out a road map of where they want to be and what they need to do to get there. This way they have motivation to do well and they know you understand what position they want to be at someday.
Providing incentives to do well is also a big motivating factor for employees. Incentives can be anything from bonuses to recognition of their work well done. Rewards show employees that if they go above and beyond, they will be noticed. This creates a drive for employees to perform well.
By offering continued education you are also developing your employees. Provide your employees opportunities to take classes that pertain to their positions or professional development classes.
Another extremely effective development tool is providing a mentor program. With this program, you would pair an employee with someone who is in their target position. This way they can learn and gain advice from their mentor. This is also a great way to have communication amongst all tiers in the company.
Developing your employees takes time and dedication, but by taking the initiative, you are improving your #1 asset.