Employee Innovation is a package of measures a business organization uses to determine and exploit new ideas and solutions that lead to the development and improvement of employee skills, experience and knowledge, while ensuring that transformations generate new values and bring about positive changes to the organization’s working environment.
Employee innovation ensures out-of-the-box thinking and provides a platform for strengthening corporate sustainability. A company will invest in innovating workforce in order to create an improved working environment in which employees are enabled to generate a new value through utilizing technological solutions, improved knowledge and better management systems.
For most commercial organizations, employee innovation becomes one of the major factors that influence success of strategic business planning, because it leads to wealth creation in the long run and sustains continuous business growth. Here are the key reasons why employee innovation is significant for a business organization:
- Technological transformation that leads to changes in employee workplaces
- Management restructuring that ensures better employee control and administration
- New or/and improved systems that improve operations and activities
- Training that strengthens employee skills and competencies.