Creating Individual Development Plans for Employees

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  • 0:03 Individual Development Plans
  • 1:17 Benefits
  • 2:25 Lesson Summary
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Lesson Transcript
Instructor: Noel Ransom

Noel has taught college Accounting and a host of other related topics and has a dual Master's Degree in Accounting/Finance. She is currently working on her Doctoral Degree.

This lesson explains the need for individual development plans, or IDPs, in business. Learn more about IDPs for employees and why an individual development plan is helpful for both the employee and the organization.

Individual Development Plans

Janet is an employee of a sales department and has worked for her company for two years. Over the past two years, Janet has never had an opportunity to share her professional or personal goals with her manager. Janet does a great job in her sales role, but she wants to be able to move to a manager level soon. Janet discovers that her company is starting a new program that incorporates an individual development plan into every employee's performance review session each year. Janet decides to use the new plan as a tool to help her discuss her career goals with her manager.

An individual development plan is a tool used to identify and track an employee's personal and professional career goals. It is used to track ongoing activities conducted by the employee and is not considered a one-time event. The plan helps the employee facilitate discussion with the employer about career goals and steps the employee should take to achieve each career goal.

An individual development plan can include several components, and a development plan can vary from one company to another. However, there are a few essential elements that should be contained in an individual development plan. The components consist of the employee's career goals, employee's development goals, and any training opportunities to help the employee reach each goal.

Benefits of the Individual Development Plan

The individual development plan is beneficial to the employee because it helps foster a partnership between the employee and employer. When an employee discusses an individual development plan with his or her manager, the interaction can assist the employee in developing more control and accountability for career development. The individual development plan can also contain personal goals that may directly align with future career opportunities.

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