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7 Reasons Why Talent Management
  & Learning Programs Should Be
  Partially Funded By Employees
           Presentation by: Keith Siegel
Overview
Employees across the nation help insure themselves by paying
deductibles and other copays in the event they get sick. They have a
vested interested in ensuring their health and well-being.

So then why is it, employees don’t contribute to their own
development as a contributing member of a business? I’ll use myself
as an example. I paid over $2,500 per year for my medicine and doctor
visits for my family. I contributed $0 to my development as employee.

I believe we’ve reached a point where employees can and should make
a contribution to their development as an employee. $150 per year
seems reasonable ($12.50 a month) to help offset the investment a
company makes in talent management and learning
systems/programs.
#1 Employees Already Do This For Health

 Employees already contribute for their
  healthcare and the benefit to the company is
  reduced absenteeism and tardiness. Sure we
  want healthy employees but the benefit to the
  company is muted.
 Employees who contribute to their career
  development are far more intrinsically
  motivated take it seriously much like they do
  with their healthcare.
#2 It Encourages Development

 By having employees contribute to the talent
  and learning programs annually, it gives them a
  financial stake in their own personal
  development. The learning and talent programs
  you institute can include personal and
  professional development that include topics
  unrelated to their specific work product. It
  could include topics of general interest to them.
#3 It Reduces Waste

 When employees contribute financially to
 the talent management and learning
 systems and programs, they are much
 more likely to utilize and leverage the
 tools and programs you put in place.
#4 It helps eliminate the Funding
Question

 Many HR teams have challenges working with
  operational leadership to get funding for
  talent/leadership/employee development
  programs.
 By having the employee contribute to their own
  development, HR is much more likely to get
  capital for these projects. Employee
  contributions may offset a dramatic portion of
  the system investment.
#5 It is Equitable

 Let’s look at the programs HR invests in:
   EAP
   Healthcare
   On-call Nurses
   Educational Assistance
   Free lunches/discounted lunches

 Given all companies do with making their employees
  happy and feel valued, isn’t it high time employees
  invest in themselves with the support your company?
#6 It gets HR focused on Strategy

 Some HR organizations have talent management and
  learning programs. Other’s don’t. Some are ancient
  technologies. Getting funding and deploying
  talent/development systems should be a thing of the
  past (Like manually creating invoices, doing
  payables, and walking the warehouse looking for Bin
  03453278).

 Get past the funding question and get focused on
  consistent development programs, leadership
  programs, succession planning and best practices for
  engaging the workforce.
#7 It Builds an Empowered Employee

 Empowered employees are those that are fully
  engaged and committed towards their
  work, team, and organization. By contributing
  to their own development, much like they
  funded college, employees are far more likely to
  take their development and learning
  seriously, be more open to feedback and new
  ideas, and far more innovative about how they
  approach customers, partners, vendors and
  other constituents.
$150 A Year Is All It Takes

 Let’s look at what $150 a year looks like on a monthly basis:
    1 less bottle of wine purchased
    2 packed lunches
    3 less trips per month to Starbucks
    4 less trips to Dairy Queen
About Keith Siegel
    Keith Siegel is an Enterprise Sales Representative with
Cornerstone OnDemand. Keith’s passion is all things talent and
                    learning & development.
He earned his Masters of Business Administration and Bachelors
of Business Administration from Temple University, his Masters
of Education from Arcadia University, his, and his HR Certificate
                  from Villanova University.
                     He can be reached at:
                      ksiegel@csod.com
                         215.643.6707

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7 reasons why talent management & learning programs should be partially funded by employees

  • 1. 7 Reasons Why Talent Management & Learning Programs Should Be Partially Funded By Employees Presentation by: Keith Siegel
  • 2. Overview Employees across the nation help insure themselves by paying deductibles and other copays in the event they get sick. They have a vested interested in ensuring their health and well-being. So then why is it, employees don’t contribute to their own development as a contributing member of a business? I’ll use myself as an example. I paid over $2,500 per year for my medicine and doctor visits for my family. I contributed $0 to my development as employee. I believe we’ve reached a point where employees can and should make a contribution to their development as an employee. $150 per year seems reasonable ($12.50 a month) to help offset the investment a company makes in talent management and learning systems/programs.
  • 3. #1 Employees Already Do This For Health  Employees already contribute for their healthcare and the benefit to the company is reduced absenteeism and tardiness. Sure we want healthy employees but the benefit to the company is muted.  Employees who contribute to their career development are far more intrinsically motivated take it seriously much like they do with their healthcare.
  • 4. #2 It Encourages Development  By having employees contribute to the talent and learning programs annually, it gives them a financial stake in their own personal development. The learning and talent programs you institute can include personal and professional development that include topics unrelated to their specific work product. It could include topics of general interest to them.
  • 5. #3 It Reduces Waste  When employees contribute financially to the talent management and learning systems and programs, they are much more likely to utilize and leverage the tools and programs you put in place.
  • 6. #4 It helps eliminate the Funding Question  Many HR teams have challenges working with operational leadership to get funding for talent/leadership/employee development programs.  By having the employee contribute to their own development, HR is much more likely to get capital for these projects. Employee contributions may offset a dramatic portion of the system investment.
  • 7. #5 It is Equitable  Let’s look at the programs HR invests in:  EAP  Healthcare  On-call Nurses  Educational Assistance  Free lunches/discounted lunches  Given all companies do with making their employees happy and feel valued, isn’t it high time employees invest in themselves with the support your company?
  • 8. #6 It gets HR focused on Strategy  Some HR organizations have talent management and learning programs. Other’s don’t. Some are ancient technologies. Getting funding and deploying talent/development systems should be a thing of the past (Like manually creating invoices, doing payables, and walking the warehouse looking for Bin 03453278).  Get past the funding question and get focused on consistent development programs, leadership programs, succession planning and best practices for engaging the workforce.
  • 9. #7 It Builds an Empowered Employee  Empowered employees are those that are fully engaged and committed towards their work, team, and organization. By contributing to their own development, much like they funded college, employees are far more likely to take their development and learning seriously, be more open to feedback and new ideas, and far more innovative about how they approach customers, partners, vendors and other constituents.
  • 10. $150 A Year Is All It Takes  Let’s look at what $150 a year looks like on a monthly basis:  1 less bottle of wine purchased  2 packed lunches  3 less trips per month to Starbucks  4 less trips to Dairy Queen
  • 11. About Keith Siegel Keith Siegel is an Enterprise Sales Representative with Cornerstone OnDemand. Keith’s passion is all things talent and learning & development. He earned his Masters of Business Administration and Bachelors of Business Administration from Temple University, his Masters of Education from Arcadia University, his, and his HR Certificate from Villanova University. He can be reached at: ksiegel@csod.com 215.643.6707