It is a known fact that most professionals leave an organization due to lack of career development plans. Active career development initiatives by a company are a key retention tool to keep the best talent within its fold. It is one of the greatest motivators to keep an employee happy and engaged. But does career planning and development of employees actually make a difference to the productivity of a worker?
Most organizations think so, and consider it a part of their critical human resource strategy. From the employees’ point of view career development initiatives gives them a clear focus about their career track, the blind spots that they have to overcome and the final goal to be reached. This focused approach works to their advantage from their everyday work to long-term aspirations.
The impact of career development / succession planning programs can be seen through the productivity indicator, engagement surveys and reduction in attrition rate. It is in fact a win-win situation for all. These career development efforts bring into focus high potential candidates who can be groomed for greater responsibilities in the future.
