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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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