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Your employees want (and deserve) access to professional development opportunities and growth within your organization. But what are you doing to offer them a clear path to career success?
Retaining high-quality talent requires effort and planning. One of the best ways to incentivize employee loyalty and enhance your employees’ skills is to invest time and resources into career pathing.
Keep your employees happy and engaged by setting out a clear path of skill development, career advancement, and networking opportunities. You’ll find all the guidance you need in this article.
Career pathing is the process of intentionally setting a clear path for your employees to follow to achieve success. It involves the following:
Professional development
Lateral or vertical movement within the company
Networking opportunities
When used correctly, a well-organized career path not only encourages your employees to reach their professional potential; it also helps retain high-quality talent within your organization as they progress through the set plan.
It’s important to note that career pathing is a separate (though closely connected) concept to career mapping.
Career pathing is the process of laying out a clear direction for professional development and opportunities for your staff. It takes a more systemic approach to encouraging employee engagement, retention, and long-term development.
Career mapping is the process of identifying personal career goals and directions that will help an employee climb the corporate ladder. This process is more personalized based on each employee’s unique needs and career aspirations.
A well-facilitated career path is essential for helping your employees enhance their professional competencies, advance in their careers, and learn valuable skills that they can bring to upcoming projects.
Many well-known companies are choosing to invest in comprehensive career pathing due to the following benefits:
Losing high-quality talent is a serious problem across all industries. In September 2023 alone, 3.7 million Americans quit their jobs.
The outcomes of employee attrition are declining company morale, productivity, and annual income.
To avoid having members of your team look for and find employment elsewhere, your company should offer a clearly defined and articulated career path within your organization. Happy and fulfilled staff are less likely to want to leave—a win-win for all levels of your company.
An efficient team is an engaged team. According to a recent Gallup study, companies with highly engaged and present employees are 21% more profitable than their competitors.
You need to invest in employee experience and future career growth to engage your workforce.
Finding talented and motivated employees who are a great fit for your team is essential for long-term success—but this can be a complex and slow process.
In a recent LinkedIn poll, over 61% of business leaders reported difficulties attracting and locking in high-quality talent for their teams. This situation can cost valuable time and money. Avoid this fate—and protect your company culture