Many leaders and HR professionals will already be familiar with the term succession planning. However, career pathing is now even more important to be aware of. Companies are now going beyond just succession planning models and are considering how they can take this a step further in their talent management strategies for the year. So, if it is now an essential component of talent management – what exactly is it?
Career pathing refers to the process that allows an employee to chart the course of their career path within your organization. It empowers employees to focus on the professional and personal skills and competencies that they will need to achieve success in their role as part of their overall career development. As each individual employee is unique, so will their career paths. When implemented properly, helping employees to path out their career progression within your organization will increase employee engagement, productivity and motivation levels.
Implementing career pathing as part of your talent management strategy can be extremely beneficial for HR professionals and leaders alike. By knowing your employee’s point of view in terms of how they would like their career to progress, HR professionals can better understand and analyze employee aspirations. Not only that, but it can also provide insights into where skill gap shortages may lie which is vital for talent management.
By bridging any disconnects and engaging with your employees, you can both improve the employee experience and also improve your company’s hiring process. Many studies have shown that two of the main reasons that employee retention fails is due to a lack of career progression opportunities and that a role is an improper fit for an employee. By ensuring that career pathing is part of your talent management processes, you can be certain that each employee will be happy in their role and striving to reach their personal career goals.
Career pathing should not take over from succession planning completely. Rather, they both go hand in hand. We all know that succession planning is vital for businesses to have especially when deciding whether an employee will make a prospective leader within the company. When combined with succession planning, career pathing allows leaders to identify employees that have a high potential of taking on a key position within the company and what skills and training they may need. This moves away from the traditional hierarchy of promoting individuals in the direct line of the promotion but rather focuses on the employee with the right qualities and career aspirations needed for that key position. Used effectively together, leaders can move these high potential employees into their new role more effectively and with as little time-consumption as possible. By knowing exactly what your employees’ aspirations are in terms of their career advancement, you can help support and coach these employees in helping them reach their desired goals and career milestones. So, not only will you ensure that employee engagement stays high but you will also make your succession planning much easier and convenient.
In order to incorporate career pathing as part of your talent management systems, you must have the right tools in place. These tools should not only allow you to easily devise a clear career development path for your employees but also should support continuous performance management by aligning employee goals with company objectives. Without an adequate talent management solution in place, companies may find it hard to adequately align their succession planning and career pathing efforts. With Sprigg, we make sure that won’t ever be the case. Our online performance management software provides you with a succession planning module and easy solutions for continually assessing the performance of your employees. With features such as goal setting and 360 feedback, you can make sure that your employee’s aspirations will determine the succession of your organization.
Looking for more information on how Sprigg can help you with your talent management? Why not request a free demo with us today!