Career Development, Career Pathing, Retention, Skills-Based Organization, Workforce Development
Tips for Better Employee Engagement and Retention
What can companies do to proactively build engaged, adaptable, and resilient workplace cultures that thrive over both the near and long term?
It can be easy to forget that employees are at the center of any organization’s success. And what those employees feel – about the companies they work for, their leaders, their teams, and themselves – ultimately provides the fuel for high performance.
According to Betterworks’s 2022 State of Performance Enablement Research Report, development concerns have ascended and are top-of-mind. Career advancement is the No. 2 reason people were thinking of leaving in 2023 (35%), followed by professional growth (34%) and wanting a better company culture (30%). Please continue reading.
Replacing an employee with a new hire typically costs one-half to two timesthat employee’s annual pay — and with talent at a premium, you can expect that figure to land on the costlier end of the spectrum.
And the cost of turnover isn’t just financial: Losing employees means losing institutional knowledge and any resources you’ve invested in their training and development. You might also take a hit in morale for employees left behind.
There’s no magic solution to the problem, it requires understanding your employees and designing programs that meet their needs. Do you have a plan for increasing retention at your company?
Offering career pathwaysthat they can see themselves walking through is the focus in this article. Employees that want to advance their careers will strive for a level of success that the entire organization will benefit from. Providing transparent and actionable career pathway and resources for prioritizing career development conversations is an essential component of a healthy employee engagement strategy.
Provide the tools and training needed to succeed- ongoing employee training is crucial for engaging and maintaining your workforce: offer team members to attend workshops during the workday or assign mentors within the company to help guide advancement and improve learning beyond an employee’s normal responsibilities.
Companies that budget for each employee to complete courses, attend seminars and workshops, and participate in other activities that can expand their knowledge and further motivate their success, benefit companies by increasing job satisfaction and morale, motivation and productivity, a more innovative mindset, and overall reduced turnover.
Creating an environment where everyone can succeed, regardless of their background, is essential for retaining top talent. When your talent can see their career path within your organization, you instantly become a more attractive employer. Moreover, you will be able to easily retain talent when they’re ready to grow.
The tools in Career Highways are EASY. Feel confident that you can see your organization’s future without getting bogged down with program installation or a clunky, ongoing process. Your employees are craving recognition and direction, and when they have access to Career Highways, they clearly see what up-skilling they need to increase their value to your organization.
Give your people the confidence that comes when they feel recognized and encouraged!
To schedule a demo with Career Highways please go HERE.