Obstacles caused by the Covid-19 pandemic have necessitated many companies adapting and restructuring their talent management strategies. Employee development for optimal talent mobility and versatility is more critical than ever before. Regardless, research results indicate that only about half (54%) of human resources (HR) professionals say their organization has a career development process.
The free research report, The State of Internal Mobility, Succession, and Career Development 2020, is now available for download. HR.com’s Research Institute conducted the study of HR professionals to better understand the state of three crucial talent-focused components of talent mobility and development: internal workforce mobility, succession planning, and employee career development.
Further investigation reveals that fully three-quarters of HR professionals agree that employees in their organizations are seeking more career development opportunities, supporting the argument for offering a career development program. Moreover, even among those companies that have career development programs, only about half provide them to all employees.
Additional gaps in optimizing talent mobility are highlighted in the fact that most organizations are dangerously ineffective at succession management. Only 40% of HR professionals agree that their organizations have an effective process for managing succession.
Much of the opportunity for improvement is pointing to managers. One barrier to success may be that organizations do not attach enough importance to internal mobility. Only 40% view it as an important or very important issue in their business. Another barrier is that managers often impede mobility as only 57% say managers are not encouraging of employee movement. Also, just 21% of respondents say their managers have the skills required to help employees develop careers.
“Clearly, it’s up to management to support programs that help employees in their development, identify candidates for key roles, and groom future leaders,” stated Debbie McGrath, Chief Instigator and CEO of HR.com. “There’s much room for improvement in preparing our workforces and leveraging programs that fuel a culture of internal mobility.”
Download the full report which includes details on ten key takeaways to help HR departments gain insights into successfully leveraging effective approaches to succession planning, career development, and internal mobility.
About HR.com and the HR Research Institute
HR.com’s HR Research Institute helps HR departments keep their finger on the pulse of HR! HR.com is committed to creating inspired and informed workforces by maximizing the potential of HR professionals around the world. Over 1.75 million HR professionals rely on HR.com as the foremost, trusted industry resource for education, career development, and compliance (that many people can’t be wrong!). Offerings include the largest network of HR executives, leading-edge industry research from the HR Research Institute, 13 monthly HR-themed epublications, innovative HR education including 250+ annual webcasts, the most comprehensive HR certification exam preparation program supporting SHRM and HRCI certification, as well as helpful HR tools and legal compliance updates. HR.com has the largest knowledge base of HR practices globally and offers unparalleled training and networking for HR professionals all over the world… 24/7… 365 (just in case you can’t get enough HR). Visit www.hr.com/featuredresearch to download research (always free) and to maximize HR potential. #hrresearchinstitute