The New Business Imperative
With 74% of companies currently experiencing talent shortages that will effect future growth and operations, and a labor market that is only expected to get tighter over the next decade, talent retention is now mission critical.
By investing in Career Management now, your organization can cement a significant competitive advantage. Research shows that rates of internal promotions and even lateral moves within the organization predict retention 2.5 times more powerfully than better compensation.
In this whitepaper, we discuss how:
- you can develop your people through customized individual learning opportunities
- to create team assignments that give employees a chance to learn and practice new skills
- tools that empower employees to lead and manage their own careers actually boost retention