As part of the Learn and Go rollout, we continue to dedicate each month to the release of new content. In October, we will focus on Talent Management. You can visit the talent management section of Learn & GO for a comprehensive discussion on the topic including practical tools and resources you can use today to improve your talent processes. Also, The Talent Management webinar is scheduled for Wednesday, October 28th. The webinar will cover the following areas:
This article will briefly touch on the role HR plays in helping employees manage their careers.
What is Career Management?
Nearly half of all employees would describe their career as being stuck in neutral. In fact, according to a recent Global Workforce Study (by Towers Watson), 41% of employees say they must join another firm in order to advance. Even more alarming, almost the same percentage (40%) of employees who have been formally identified as high potentials by their organization say they would need to leave their organization to advance their career.
Employees consistently rank career advancement opportunities among the top reasons why they’d join or leave an organization. Employers need to understand what employees value if they are to attract and retain the right talent.
Career management is a process designed to help employees understand career opportunities and chart a career path within their organization. Career management encompasses the strategy, tools, processes, and technology that enable talent development, agility, and mobility. It is important to recognize that career management is a key component of an organization’s total rewards offering.
An effectively designed and implemented career management program delivers benefits to both employees and employers. Employees will have the tools and resources to chart career paths and own their careers. And employers will see a return in the form of a deeper bench of future leaders, a more engaged workforce and an enhanced employment deal, enabling them to attract and retain the best talent.
An often overlooked component of the career management process relates to communication. Too often, HR leaders fail to actively communicate viable career growth opportunities to the internal staff. Additionally, we sometimes fail to ‘trumpet’ and properly market the successes of those employees who have made a transition into a different role.
For more information on Career Management visit the Learn & GO section on my CAI. As always, please feel free to call me at 919-325-4113 should you have any questions about Talent Management or any of the Learn and Go topics.
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