Taking time to engage in purposeful conversations with employees around their careers has positive benefits for both the organisation and the employee, yet their impact is often underestimated. In a market which has shifted in favour of the candidate, it has become more important than ever for managers to ensure talent remains within an organisation by actively supporting career development, which we know is one of the top drivers of attraction, engagement and retention.
However, recent research by Lee Hecht Harrison | Penna, the global people management business, has worryingly shown that nearly a third (31%) of managers are ill-equipped to have career conversations with their direct reports. The consequences of this can be significant if left unaddressed, with employees dissatisfied with the level of career development support they receive from their employer choosing to vote with their feet. By not taking the time to actively train and equip managers with the techniques and tools for these conversations, organisations are already placing themselves on the back foot when it comes to securing and retaining the best talent.