M4D Winter Release 2016

Page 8

Career development will help employees discover their strengths and the areas that need to be developed. By creating a detailed gap analysis it will make it easier to identify potential successors based on: •

Skill

Competency

Experience

Desire an employee has to hold the job.

Career development has benefits for your organisation as well, it helps you to increase employee retention, develop employees and plan for the future so the decision of who to put into new positions isn’t made in haste. 3. Succession planning Employees want to know that there is a chance for them to grow and to advance within the organisation. Instead of grooming someone who is already a part of the organisation to one day move into a bigger role they choose to not think about what will happen when people leave and instead often look externally for someone to fill the role. Doing this does not give the employees much hope of being able to move up.

Investing in your business management system Your Business Management System is one of the core foundations of your business. An effective and integrated system will enable you to more effectively control your business and is a key foundation to enable you to build your business. At any given moment, project‐based firms need real‐time information to: •

Provide insight into the status and ensure project profitably

Understand how the business is performing and why problems occurred

Assess the impact on the business, and what should be done to enhance performance

Efficiently share information throughout the organization.

Management for Design have developed the most comprehensive Business Management System for Architects, Engineers and Consultants in the


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