Succession planning has changed. In the past, a company was ahead of the curve if it had a succession plan in place at all—even if that plan was nothing more than a list of critical positions and potential candidates. Eventually, a company that had identified pools of talent to fill a specific key position could say they were the most likely to reap the benefits of cutting-edge succession management: high employee engagement, low turnover, and quick transition times. Today, that isn’t the case.
Successful succession planning depends on retaining high potential talent and developing those employees so they are prepared to fill key roles. Development efforts often are based on well-defined individual career paths, which keep employees engaged and motivated to excel. However, even companies who don’t have a full-scale career pathing process can bolster succession-planning efforts by focusing on honing the talent and leadership skills needed for each vital position.
High-performing people are critical for high-performing organizations. In today’s rapidly changing business environments, organizations are recognizing the value of a workforce that is not only highly skilled and technically adept, but more importantly, a workforce that can learn quickly, adapt to change, communicate effectively, and foster interpersonal relationships. However, a major concern for organizations is attracting and retaining high caliber talent with these behavioral capabilities (competencies) as they are critical to organizational productivity, performance, and continual improvement.
Career development is essential to today’s workers. Employees are eager to grow in their careers and advance within their organizations. Companies unable to facilitate that growth will continue to be plagued with engagement and retention problems. There are two main options for moving a career forward – up the career ladder or through the career lattice. But what does that growth look like?
Employees want to understand what is required of them to change roles or advance in their careers but the necessary processes may not be in place. By understanding how to help employees develop career paths, you will soon be able to provide employees with a clear road map to career development and growth. If employees are left to guess and wonder what steps they need to take, you will likely find them moving to another company that can meet their needs.
You know the basics: Career pathing boosts employee engagement, improves retention, and significantly increases customer satisfaction and overall profitability. You’re sold. You want to start implementing a career pathing program at your company today. The only problem is you’re not sure where to start.
What Is Career Pathing? Understanding The Answer To Today’s Biggest Workplace Problem Employee engagement is the holy grail of the modern workplace. Despite insights into the problem of a disengaged workforce, however, statistics on engagement have hardly changed in more than a decade. (On average, two out of three employees remain disengaged.) New evidence, however, supports…
In this webinar, you will learn breakthrough areas of career pathing that are transforming the way people view their internal career journey and develop new knowledge, skills and experiences. Linda will also share examples of how companies are using career pathing and analytics to improve their overall talent strategy.
One Performance Management Change That Can Boost Employee Engagement and Performance Despite the changes many companies are making in performance management models, 58% of executives still believe their current approach has little positive effect on the two things performance management is meant to drive: employee engagement and high performance. They’re right. In fact, many models…
Is the annual performance review dead? A growing bandwagon of CEOs and senior HR leaders are predicating the end of the ineffective and universally despised annual performance review. Many leaders have proposed throwing reviews out altogether. We don’t believe this is the right solution.