How to Improve Employee Retention and Company Performance with Career Pathing

Empowering Employees Through Career Pathing

Fixing Stuck: Engaging Employees With Career Pathing

Fixing Stuck: Engaging Employees With Career Pathing

Lack of engagement is a wide-spread problem according to numerous studies, with anywhere from a fifth to 84% of employees claiming to be actively unhappy at work. The vast majority of these employees are also considering or have considered quitting. Desire to “move up the ladder” and “lack of opportunity for advancement” were cited as major reasons for this desire by 20-30% of respondents in one study. In fact, according to that same study, the vast majority of employees feel “stuck” in their careers, with less than 25% able to see a clear career path in their current job.

This “stuck” feeling plagues businesses across the country, from startups to Fortune 500s, and lack of employee engagement is often mentioned as one of the major problems struggling companies must face. “Some of our colleagues engaged in hyper-specialized jobs feel stuck,” one such company’s new CEO said in an email outlining a revitalized vision. “They can’t see the whole picture / the whole customer. We need to embrace the natural instinct to learn more and have a broad impact. Why? It’s great for the customer.” His message: more empowerment for employees equals a better experience for customers, and satisfied customers make for healthy, profitable companies.

Career pathing, done well, drives engagement and fosters that empowerment. Nearly three-thirds of employees, in fact, consider “a clear career path” an important factor to workplace satisfaction, according to a recently released American Workers study. Employees who don’t have such a career path are less engaged, less satisfied, less productive, and significantly more likely to leave their positions – all of which means less revenue and higher costs for the companies that employ them.

Clear career paths, however, address these issues by eliminating the “stuck” feeling that plagues so many workers. Instead of seeing their work as a single, fixed position, employees with career paths see a lattice of opportunities, which transform their careers into flexible, unique journeys. These employees also are more goal oriented and more likely to become high-potential employees suitable for filling a number of high-profile positions in the future. This not only improves company profitability in the short-term, but also reduces costs and improves overall function in the long term by boosting retention rates and bolstering succession planning efforts.

To learn what it takes to create a clear career path for employees, read Key Elements for a Successful Career Path Plan and What Every Successful Career Pathing Plan Has in Common.

More resources:

Webinar: 3 HR Trends to Implement Career Pathing for Employees

Webinar: Career Pathing: Is it the New Performance Appraisal?

White paper: Essential Steps To Improve Employee Engagement Through Career Pathing

Empowering Employees Through Career Pathing
Empowering Employees Through Career Pathing

Employee engagement across the U.S. continues to remain stagnant – hovering at about 31 to 33%, despite the topic’s trending status in management circles. In fact, according to Gallup, that percentage hasn’t budged since the year 2000, which means that for more than a decade only 1 out of 3 U.S. employees has been engaged […]

3 HR Trends to Implement Career Pathing for Employees
[Webinar] 3 HR Trends to Implement Career Pathing for Employees

Join Linda Ginac for this webinar, where she will discuss three career pathing trends for HR and business leaders to consider as they plan their workforce development and employee engagement strategy for 2016. In this webinar, you will learn breakthrough areas of career pathing that are transforming the way people view their internal career journey […]

Resource Box Header Timeline of an Employee Without a Career Path
Timeline of an Employee Without a Career Path

Employees are joining companies and leaving them at rapid rates because they do not have a career path within that company. See how long you can expect to retain an employee when they do not have a career path. 32% of employers expect an employee only to last up to one year. To learn more about […]