How To Train & Develop Your Team By Creating An Individual Development Plan (IDP)

7 Figure Principles - A podcast by Chandler Bolt

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I’m obsessed with training and development. I’m even more obsessed with figuring out how to train and develop my team at SPS. We have a monthly training budget, monthly book clubs, personal enrichment sessions, we track and encourage training time, we’re constantly investing in the growth of our team, and every employee gets access to $30k+ in training materials when they get hired. The basic process is good...but this becomes difficult to monitor and support individual growth as the company scales. A few months ago I started trying to answer the question: “How do we create a talent development machine that develops talent as fast as possible?” I set out to build that system so that SPS can be a place where people come to learn, grow, and become the best version of themselves. And...so that we can predictably develop people at scale. In a fast growing company, A players are the fuel that drives growth...and they’re always in short supply so there’s a constant need to develop internally while simultaneously hiring externally. In this episode I walk you through a central part of our talent development process...the Individual Development Plan. I didn’t create this, but we did make it better and put our own spin on it. I’ll give you a template you can use for everyone on your team to create their own development plan...and walk you through how to roll this out to your team. Check out the episode and let me know what you think! SUBSCRIBE to my YouTube channel here: http://bit.ly/chandlerYT Check out what we're doing at Self Publishing School here: http://self-publishingschool.com Learn about booking me to speak here: https://youtu.be/K12hkOXaM3k