Career Development for the Modern Workforce
Career Pathing is a systematic approach to career development, enabling employees to map multiple career path scenarios, review job competencies and evaluate skill gaps. By giving employees the career pathing tools to chart their career progression, they become more engaged in their roles and the development of their careers.
Career development, personal growth and job progression have proven to engage employees. Many organizations are re-thinking career management to allow for more flexible employee career journeys. They are offering other ways to retain and engage employees, including dual career ladders, job redesign, job rotations, lateral career paths, upward and dialed-down career paths, encore career paths, consulting and contingent work opportunities.
TalentGuard’s Career Pathing and Career Development software changes the paradigm for career progression in the 21st century by enabling employers to establish clear strategies for how talent can grow from within. Our software helps:
We invite you to request a Career Pathing demo and see for yourself how TalentGuard can help.
The U.S. Labor Department estimates that 70% of employees leave their jobs due to a lack of career development. Companies with effective career management programs generate more revenue per employee, reduce turnover by as much as 60% and significantly increase engagement.
Life Work Solutions estimates that over 50% of people recruited into an organization leave within 2 years and one in four of new hires leave within 6 months. Employees are more likely to stay engaged in their jobs and committed to an organization that makes investments in them and their career development.
The financial implications of an engaged workforce are significant. Aon Hewitt’s research reveals consistent, statistically significant relationships between higher levels of employee engagement and financial performance. Aon’s research found that a 5% increase in employee engagement is linked to a 3% increase in revenue growth in the subsequent year. –Aon Hewitt. 2013 Trends in Global Employee Engagement
Research has proven that companies create stronger value propositions when employees are clear on job expectations and employers deliver on career promises. Career pathing enables employees to develop skills, and this is crucial to sustainable value creation for an organization.
“TalentGuard, thank you for the hard work on the career pathing project. It turned out awesome! The career path progression maps and the career profiles demonstrating how employees have navigated our company are a great motivator and recruitment tool.”
-Amy Masci – HR Business Partner, Campbell Soup