The importance of Continuing Professional DevelopmentChen Wan Lim
Continuing Professional Development (CPD) is generally recognised as continuous improvements of standards and skills for an individual and for an industry. As the world is constantly changing and new discoveries are being made every day, the main aim of CPD is to continuously equip industry professionals with new skill sets, relevant knowledge base and to help to increase the standard of an industry as a whole. CPDs can be in many varied forms – common ones being postgraduate degrees such as MBA and Masters’ degree, on-the-job trainings, short courses, seminars, conferences, etc. Here’s why CPD is important for employees, employers and for the industry:
- Staying ahead of the times
You would have had your formal university degree, even a postgraduate degree and a substantial amount of real world working experiences. But it’s already been a decade since you graduated with your degree in hand. The world has definitely evolved and changed with new technological discoveries and new methods of problem solving. We need to constantly stay ahead of the times and be ahead of the curve, especially in today’s highly competitive work environment. CPD ensures that both employees and employers keep abreast with what the competitors are practicing and what clients today are expecting.
- Establishes a base for career progression
In today’s highly competitive work environment, new jobs are created every day and old ones are constantly rendered obsolete. Therefore, to ensure a strong base for career progression and sustainability, industry professionals need to undergo constant CPD to learn new skills, to relearn existing skills and to prepare for an eventuality of a different career path in the not-so-distant future. In addition, CPD allows for promotions in rank and responsibility based on an enlarged skill set and capability to execute more complex tasks.
- Addresses the needs of various stakeholders
In today’s competitive business landscape, clients and customers today demand more, more than what other competitors are able to offer. The only way to satisfy the demands of clients is to properly equip your frontline sales team and increase your backend team’s operational competency. CPD does exactly that. Constant upgrading and upskilling ensures all business stakeholders’ needs are met with latest industry standards and that the business remains relevant during changing times.
- Increases personal wellbeing and self-confidence
With well-planned trainings and structured learnings, employees will achieve a better sense of personal wellbeing and self-confidence knowing that their skill set has been enhanced and that their overall value to an organisation has increased. Apart from that, CPD motivates employees to work harder and to achieve more, utilising their newly upgraded knowledge and skills.
Learning, relearning, upskilling and retraining should be made compulsory by employers for employees. In a highly globalised and competitive business environment, CPDs allow for workers to be better equipped which will translate to better output and better profits. On a personal level, CPDs allow for better personal self-development and chance for a better career progression.