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picture1_Career Pdf 199606 | Five Essentials For High Performance Career Development


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File: Career Pdf 199606 | Five Essentials For High Performance Career Development
research summary five essentials for high performance career development demographics 2018 career development study 330 small mid size and large organizations total responses 34 30 36 less than 500 501 ...

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   Research Summary 
   Five Essentials for  
   High-Performance  
   Career Development
        Demographics–2018 Career Development Study
        330                                                                                 Small, Mid-Size, and Large Organizations
        Total Responses
                                                                                  34%                               30%                            36%  
                                                                                  Less than 500                     501–4,999                      5,000+  
       3% Caribbean/South America                                                 employees                         employees                      employees
                         8% APAC
                                                                                      Business Unit  
                       22% EMEA                                          Operations Management 3%                                 2%  Talent Acquisition Head 
                   67% US/Canada               39                                                                                    or Professional
                                            Countries                   Technical/Production Role 3% 
                                                                                  Non-HR/Individual 
                                                                                     Contributor 9%                               27%   Learning/Leadership 
                                                                                                                                      Development Professional
                32                                                                 Executive/Senior 
                                                                                    Leadership 12%
             Industries
                                      Technology/Software 11%                                                                     16%  Head of Learning/ 
                                      Manufacturing 10%                                                                               Leadership Development
                                      Education 10%                                  14% HR/Talent  
                                      Consulting 7%                        Management Professional
                                      Health 6%
                                      Government 6%                                                                               14%   HR/Talent   
                                                                                                                                      Management Head
                                                                                        Learn more: go.oracle.com/hcm | © 2019 Brandon Hall Group. Licensed for Distribution by Oracle Human Capital Management.
       Overview                                                         Biggest Impact of Employers’ Career 
                                                                        Development Framework on Business Results
       Career development is a vitally important journey for employees 
       and employers. 
       For employees, career development defines their work identity 
       and income potential, and significantly impacts their lifestyles. 
       For a majority of employers, career development impacts              65%                      64%                      57%
       employee engagement and retention, and the strength of their 
       employee value proposition, according to Brandon Hall Group’s 
       2018 Career Development Study. It also drives key talent 
       processes such as learning and development, performance               Higher talent          Higher employee         Stronger employee  
       management, talent management and career pathing.                       retention              engagement             value proposition
                                                                        Top Talent Processes Driven by Career Development
                                                                         Learning & Development                              86%
                                                                         Performance Management                      74%
                                                                         Talent Management                  61%
                                                                         Career Pathing                  57%
                                                                         Succession Management    45%
                                                                         Source: 2018 Brandon Hall Group Career Development Study
                                                                            Learn more: go.oracle.com/hcm | © 2019 Brandon Hall Group. Licensed for Distribution by Oracle Human Capital Management.
                                                                                      Although only 9% of organizations have more than half of employees with  
                                                                                      clear career paths, most have the best of intentions for career development  
                                                                                      stating they support:
        Importance is usually accompanied                                             66%
        by complexity, and that is certainly                                                   Cross-functional team/project work
        the case with career development.
                                                                                      54% Formal education outside the workplace
        While career development is often considered a single subject,  
        it is actually a collection of conditions, strategies, and processes  
        that must work in harmony to be effective. These include:                     52% Stretch assignments
        •  A framework that defines        •  Enabling technology
           and describes job roles, job    •  Workforce planning
           families, career levels and 
           career streams                  •  High-potential development              42% Job rotations
        •  Clear, flexible and well          and succession management
           communicated career paths       •  An assessment program
        •  Competencies aligned with       •  Rewards and recognition                 40% Certifications
           career paths                    •  A supportive corporate  
        •  Performance management            culture that embraces  
           aligned with competencies         diversity and inclusion
           and career paths                •  A recruiting and onboarding             But without a complete career framework and well-defined, aligned strategies,  
        •  Coaching and mentoring            program aligned with all of              it is difficult to create and sustain a career development program that consistently 
                                             the above                                drives employee engagement and retention.
                                                                                      Learn more: go.oracle.com/hcm | © 2019 Brandon Hall Group. Licensed for Distribution by Oracle Human Capital Management.
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