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A survey conducted in 2013 to explore career management strategies, employee rewards programs and talent management best practices.
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Advancement in career is the 3rd most cited reason they joined their organization. Lack of career advancement is the 2nd most cited reason to leave.
Advancement in career is the 2nd most cited reason employees join an organization. Lack of career advancement is the most cited reason they would leave.
Employee view Employer view
Employees and employers agree on the value of career management.*
Source: 2012 Global Workforce Study Source: 2013 Talent Management and Rewards Study
Yet many organizations fall short in their career management efforts.
Only
44%
Only
37%agree their employees are often able to achieve career advancement.
say their employees understand how they can influence their careers.
Why are so many organizations missing the mark?
have de�ned career architecture and levels.
have dual career paths for people managers and individual contributors.
have de�ned vertical career paths.
26%32% 28%
employers say managers are effective at providing career management support to employees.1 4in
Technology is not effectively leveraged for career management.
Managers are ill equipped to handle key aspects of career management.
Most organizations don’t know if their career management programs are working.
monitor the implementation of career management programs to ensure they are consistent with their objectives and guidelines.38%
? ?Only
Only
About the SurveyThis survey was conducted in August 2013. A total of 160 organizations participated, including 36 from Canada and 124 from the U.S.
Want to learn more? Contact your local Towers Watson consultant.
Career architecture and paths are poorly defined.
44%
Less than half of organizations make effective use of technology to provide employees access to career management tools and resources.
67%
More than half of organizations make effective use of technology to provide employees access to employee learning and development programs.
Effective career management is a key component in the total rewards portfolio. Career management encompasses the strategy, tools, processes and technology that enable talent development, agility and mobility.
OverarchingCareer
ManagementStrategy
IntegratedDevelopment
PlanningProcess
Visibleand Viable
Career PathAlternatives
AlignedCompetencyFramework
EstablishedCareer
Architecture
What Are the Components of Career Management?
*Ranking out of 27 options
At the same time...
To improve career management programs:
• Ensure that career architecture and career maps not only reflect HR and business strategies but also provide a framework for communicating with employees.
• Train managers to identify and communicate career opportunities tailored to each employee’s skills and experience.
• Use technology to improve career management tools and resources.
It’s Time to Prioritize
Career Management Strategies Insights From the 2013 Talent Management and Rewards
Survey Series, North America
As a result,
only 1 out of 3 organizations has developed effective tools and resources for career management.