Growing Your Team: ‍Encouraging Professional Development in Life Sciences

Growing Your Team: ‍Encouraging Professional Development in Life Sciences

We have talked about the importance of building a strong management team and strong culture when building your business. These factors play a large role in the success of your business. There are many ways to do this, but one of the most important is to encourage the professional development of your employees.  

Professional development should play an important role in any business, but is a key component of the life sciences sector. Health science is constantly looking for new innovations and ways to better the lives of people. Encouraging your employees to continue to learn about new technologies and innovations within the industry will play a key role in the growth of your organization.  

Professional development in life sciences

What is Professional Development?

Professional development goes beyond just training your employees in their current roles. Training programs are meant to help your organization meet its short-term, day-to-day operational goals. Professional development programs tie into the long-term goals of the organization and encourages employees to be part of that strategy.  

Having a professional development program in place will help your organization build its knowledge and skills to ensure that it is staying up to date with current trends. Encouraging continuing education helps to ensure that your employees are continuing to improve and contribute to the growth of the organization.

“Every moment of one’s existence, one is growing into more or retreating into less.”— Norman Mailer

Why You Should Encourage Professional Development

Growing your team with professional development

Encouraging professional development in your organization creates a stronger team and benefits more than just the employees. A strong professional development program will help with succession planning, retention, and recruitment of employees. Furthermore, it helps to build a strong employer brand that employees are proud to work for.

Succession Planning

Proper succession planning and building a strong management team are important to the value of your business and a key factor in the growth of your organization. Developing a business strategy, setting goals, and encouraging your employees to develop their capabilities to meet these goals will play a key role in meeting your organization’s objectives.  

Retention

Showing that you care about your employees’ future and development helps to build loyalty and trust with them. High performance team members are key drivers in the success of your business and encouraging further development reinforces the relationship with them. Your medical device company may also need a cap table and employee share ownership plan as part of its employee retention strategy.

Recruitment

Investing in your employees and their development is a desirable perk that can differentiate you from your competitors. High performance team members have professional goals that they want to achieve. If potential candidates know that you are an employer who will invest in their future, it will give you a competitive advantage and make you a desirable employer. Benefits like professional development are essential in developing a strong employer brand.

How to Encourage Professional Development

Now that we have talked about the benefits of encouraging professional development within your organization, let’s take a look at four ways to encourage it within your organization.

1.      Talk to Your Employees About Their Goals  

Understand what your employees are interested in - what are their goals? How do those goals align with your organization? By working with your team, you will empower and motivate them to want to learn and take on professional development tasks.

2.      Develop a Learning Management System (LMS)   

There are many benefits to having an LMS in your organization. Having the right tools in place to facilitate professional development is just one of them. By having the right systems in your organization, you will be able to ensure that your employees are reaching their goals.  

3.      Host Lunch and Learns   

Lunch and learns not only provide a great opportunity for members of your team to learn new skills, but they also present a great way to help build a strong organizational culture.    

4.      Create a Mentorship Program


Introducing a mentorship program within your organization can help to connect new employees to more senior members of the team. It not only helps to build the culture of your organization, but also helps new and junior staff to learn more about the organization and its goals, develop skills they need to learn to succeed, and even learn from the mistakes of their mentors.

"Those programs are designed to teach new things but also provide game plans to help [companies] implement professional development in the workplace." — Steve Smith



These are just a few of the ways that your organization can begin to introduce professional development programs to your workplace. Each workplace is different, and it is important to find the right way to introduce a program for your organization.  

BluePrint helps early-stage life science firms digitize their businesses and ensure that staff are well trained and engaged to maximize the financial value of their business. Book a consultation today to find out how developing a professional development program can help you develop your employees to be leaders in your organization and meet your strategic objectives.  

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Rebecca Scott
Web Designer

Rebecca is a Web Designer at BluePrint CPAs. She is a graduate of St. Clair College’s Internet Applications and Web Development Program and has worked as a freelance web designer before joining the BluePrint team.

BluePrint CPAs is a management consultancy that simplifies digital, financial and talent strategies. Our team helps entrepreneurs and their teams grow profitable and modern businesses.

Kit Moore, BluePrint CPAs President & Lead Tax Advisor
Kit Moore, CPA, CA
President & Lead Tax Advisor

Kit Moore, is an entrepreneur that simplifies digital strategy for other business owners. The team at BluePrint CPAs can assist you with web design, development, analytics, management systems and, more importantly, your overall business strategy. The toughest part of digital transformation is re-training your team - and we have pros to help with that as well.

BluePrint CPAs is a management consultancy that simplifies digital, financial and talent strategies. Our team helps entrepreneurs and their teams grow profitable and modern businesses.

Kit Moore, BluePrint CPAs President & Lead Tax Advisor
Kit Moore, CPA, CA
President & Lead Tax Advisor

Kit Moore, is an entrepreneur that simplifies tax and financial strategy for other business owners. The team at BluePrint CPAs can assist you with financial technology, tax strategies, mergers & acquisitions, succession & exit planning and, more importantly, your overall business strategy.

BluePrint CPAs is a management consultancy that simplifies digital, financial and talent strategies. Our team helps entrepreneurs and their teams grow profitable and modern businesses.

Joe Marra, MBA
Senior Associate, Strategy Consulting

Joe is a Senior Associate, Strategy Consulting at BluePrint CPAs. He is a recent graduate of the MBA Program at the Schulich School of Business and has most recently worked for Bayer Inc and the Ford Motor Company of Canada. His experience in marketing, sales, and human resources spans various industries including hospitality, logistics, life sciences and automotive manufacturing. Joe loves working with entrepreneurs to develop their digital strategies and help them grow their business.

BluePrint CPAs is a management consultancy that simplifies digital, financial and talent strategies. Our team helps entrepreneurs and their teams grow profitable and modern businesses.

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