Human resource leaders are under constant pressure to improve the productivity and cost-efficiency of their workforce. HR departments are relying on new technologies such as AI and big data analytics to optimize their existing models, without considering intangibles such as company culture, growth opportunities and employee engagement.
Traditionally, these were viewed as nice-to-haves, not need-to-haves but the impact of these intangible assets on an organization’s bottom line is growing and it’s changing the business landscape. In-demand talent is in short supply and the new generation of workers expect more from their employer and aren’t afraid to look for something better elsewhere.
In this talent-scarce economy, organizations can no longer afford to ignore employee experience and have to find better ways to attract and engage their workforce to continue growing the business.
By establishing career management systems that can be directly managed and personalized by employees, businesses can empower their workforce to grow within the organization rather than outside of it. Let’s explore the benefits and supporting evidence of how employee-directed career management solutions can help your organization boost productivity, raise employee engagement and attract future talent.
Growing Your People Grows Your Bottom Line
Without growth opportunities, employees disengage and look for opportunities elsewhere. The opposite is true as well. Organizations that prioritize individual professional growth and development help make employees feel supported in their unique career journey, leading to increased productivity and retention.
Agile & Future-Proof
It has never been more expensive to acquire new talent. As these skill gaps widen and innovation accelerates, organizations are also struggling to develop key competencies fast enough. Companies investing in the development of their current workforce are laying the foundation for a more agile workforce that is able to respond to market changes more quickly and effectively, without having to source new talent every time. By improving the internal talent mobility and breaking down team silos, organizations can better future-proof their business to remain competitive.
Positive Culture Means Greater Brand Value
A positive, more inclusive company culture is one that democratizes opportunities for everyone in the organization. By giving your entire workforce access to the same range of skill-building and advancement opportunities, you are empowering all employees to pursue their unique career path, while also enabling your business to develop key competencies at an unprecedented pace and grow brand value faster than the competition.
How can Thrive help?
Thrive can help you tap into your greatest asset: your people. Our career management, and redeployment solutions give your employees full career autonomy while matching them to in-demand roles within your organization.
We drive internal mobility using…
Conclusion
People and by extension organizations, perform best when they feel valued, empowered and supported to grow within the company. Organizations can begin to address challenges such as building a diverse and inclusive workforce, developing key competencies quickly and attracting and retaining new talent by better supporting the individual growth and internal mobility of their current employees with a career management solution like Thrive. As innovation accelerates and skill gaps widen, demand for talent will continue to grow and organizations can differentiate themselves by being more transparent and pro-active about individual career growth, something today’s workforce cares deeply about.
As your partners in outplacement solutions, we go beyond implementing career management strategies and support your workforce with an integrated end-to-end career development platform that can support them at every stage of their journey. We provide corporate clients with the same high-touch support and insights we have built into our user's journey and if you are an HR leader looking to offer your employees modern career management solutions, then contact us to book a free demonstration of what Thrive can do for you.
Learn more about the career wellness platform, solutions for your organization, and let us show you why our net promoter score is 73.
(the industry average is 28)
