Boosting the impact of career planning: Strategies for getting the most out of your programs.
(Click here to view research highlights and download the full 16-page report.)
Today’s HR professionals know how crucial career planning is but their organisations often fail to act on this knowledge, according to new research conducted by HR.com in partnership with Harrison Assessments.
Our survey analysis also revealed a number of critical findings that relate career planning to issues such as employee retention, engagement, recruitment, assessment and leadership development. Below are some of the key findings from the research:
1. Career planning has grown more important in the last three years, suggests the data. About nine out of ten respondents said employee career planning is either more important (48%) or as important (43%) compared to three years ago.
2. Few organisations approach employee career planning systematically, despite its rising importance. Just 11% of participants say employee career planning is a serious initiative in their organisations.
3. Employee career planning has a large impact on other critical talent management areas, according to many of our respondents. Participants believe career planning has a very high or high impact on employee retention (60% of respondents), employee engagement (58%), and recruitment of high-quality talent (45%).
4. Few organisations make data-driven decisions related to employee career management: About 60% of the participants use competency models for leadership development, but less than
one-in-four participants use behaviour assessments in career planning.
5. Most participants report they are either already facing or will face soon talent gaps in leadership: More than one-third (35%) of the participants say they already face a leadership talent gap. Another 20% say they will face a leadership talent gap within two years.