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Read MoreA recent survey conducted by McKinsey & Company of nearly 14,000 employees in Canada, the United States, Australia, Singapore, and the United Kingdom listed the top reasons why employees are quitting their jobs. 41% of respondents listed a lack of career development or advancement as their number one reason. Making it a higher reason for leaving than inadequate compensation or uninspiring leaders. This is not necessarily a shocking statistic, however, in my personal experience, it is something that is completely avoidable.
In an ideal world, there would be transparency, consistency, equity, and a clear pathway to get from one level of an organization to the next. While many employers have implemented Diversity and Inclusion initiatives, leadership development programs, or hired external consultants to improve their processes, we are still dealing with human variables and some old die-hard habits that aren’t moving people forward.
I have had coaching clients seeking my advice in maneuvering this uncertainty. They feel a high level of loyalty to their organizations and the “promotion carrot” has been dangled in front of them, however, the parameters of how and when that event is supposed to happen are largely left unclear.
As a leader of diverse, global teams the development of my direct reports has always been a priority for me. It has given me great pleasure to see people thrive and tap into their potential. It is a beautiful thing to watch. Based on my experience, I would like to share some personal insights into how development plans can work, for employers and employees alike.
Employers
Employees
As mentioned earlier, employees quitting for a lack of career development or advancement is completely avoidable. So is reason number two (inadequate compensation) and three (uncaring/ uninspiring leaders), but I will leave that blog post for another time.
If you are looking for a professional coach or consultant to help you establish a career development culture, contact me at angela@belladonnacareercoach.com.
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