Study Reveals Critical Gaps in Employee Career Development Programs

By Burstable Editorial Team
Study provides actionable insights and recommendations for HR professionals looking to strengthen their career development strategies.

TL;DR

Only 20% of companies have reached top levels of program maturity, indicating a significant advantage for those that do.

The research report reveals gaps in career development and internal mobility programs, highlighting areas for improvement.

Prioritizing career growth initiatives can lead to a more engaged, agile, and productive workforce, making tomorrow better than today.

Managers are uniquely positioned to drive employee development, but only 15% of companies have managers equipped with necessary skills.

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Study Reveals Critical Gaps in Employee Career Development Programs

A comprehensive study conducted by HR.com's HR Research Institute has revealed significant deficiencies in employee career development programs across organizations. The research report, titled 'HR.com's Future of Career Development and Mobility 2024-25', indicates that only 20% of companies have reached the top two levels of program maturity, signaling an urgent need for improvement in supporting employee growth and development.

The findings present a concerning picture of current career development and internal mobility efforts. Only 37% of organizations consider themselves effective in career development, while just 42% report success in internal mobility initiatives. Most alarmingly, the study reveals that only 22% of organizations offer sufficient employee development opportunities to keep pace with workforce demands. These statistics highlight a critical gap between employee expectations for career growth and the actual support provided by employers.

The research also uncovers significant challenges in manager involvement and capability. While 54% of organizations report that managers are encouraged to help employees develop their careers, several concerning trends emerge. In 34% of organizations, managers actively discourage internal movement to retain high performers, potentially stifling career growth and organizational agility. Only 15% of companies have managers equipped with the necessary skills to develop employees effectively, and a mere 10% of organizations recognize and reward managers for developing their direct reports.

Debbie McGrath, Chief Instigator and CEO of HR.com, emphasizes the importance of empowering managers in this process. Managers are uniquely positioned to drive employee development, but they need the right training, tools, and incentives to succeed. Organizations that prioritize manager development can build a more engaged, agile, and productive workforce. The implications of these findings are substantial for organizational competitiveness and talent management strategies.

Organizations that fail to prioritize career development risk losing valuable talent to competitors who offer more robust growth opportunities. Inadequate development programs can lead to skill gaps within the workforce, potentially hampering organizational productivity and innovation. As the job market continues to evolve and employees increasingly prioritize personal and professional development, companies that address these shortcomings will gain significant advantages in attracting and retaining top talent.

The full research report provides detailed examination of current employee development and training programs, offering actionable insights and recommendations for HR professionals looking to enhance their career development initiatives. As organizations navigate an increasingly competitive talent landscape, prioritizing employee career development has become a strategic imperative rather than an optional benefit.

Curated from Newsworthy.ai

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Burstable Editorial Team

Burstable Editorial Team

@burstable

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