Known for its wandering eye, the Millennial generation presents a definite problem for employers who want to attract and retain the era’s best and brightest minds. Learn how to retain the largest generation of workers with career pathing.
Traditional models of performance management, such as the annual review, are outdated and do not work well to increase engagement among the newest generation of workers. Around two-thirds of Millennial workers feel “in the dark” about how their work performance is perceived, according to…
Technology is accelerating at an unprecedented rate, and many companies are struggling to keep up. Learn how employers can best develop their IT talent.
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…