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Aug 15, 2022
Steve Brisendine, Content Creator at SkillPath
Any company serious about its future is constantly looking to identify and develop managers and leaders, laying out their career paths to senior roles. Those efforts could be leaving a lot of valuable employees on the outs, though: the ones who like their companies and would love to continue working there but find themselves frustrated by a lack of learning and development options for people who don’t want to be in charge of other people, or simply aren't suited for it.
Those people make up the majority of the workforce, by the way: Recent Gallup research indicates that only 30 percent of people possess natural managerial ability or can manage well with sufficient training.
The numbers don’t look great for those who prefer “followership” – a career path where there’s growth, but not into management or company leadership -- especially as the concept requires cultural and HR philosophy changes, and those changes aren’t always easy to make.
The numbers back up the need for change, though.
Recent research by the Josh Bersin Company found that only 15 percent of companies surveyed felt that their training departments had a good handle on laying out new career paths for workers. What makes that number even more glaring – and concerning, for the 85 percent of companies without solid plans to widen their career path options – is Bersin’s finding that such plans represent the highest rate of return for employee retention.
The causes vary, but the end result is the same: Companies who don’t provide adequate professional development and training are hamstringing themselves at both ends – recruitment and retention. If your company can’t promise L&D up front, you might find yourself struggling to hire good employees in the first place.
For more on winning employee retention strategies, check out Inspiring Loyalty: the Secrets of Employee Retention
If your company is among that 85 percent without a solid L&D plan across the board, what can you do to fix that? How you go about doing it will vary according to your company’s circumstances, resources and staffing, but the principles remain the same:
Keeping good employees is tough enough already. Not having a solid strategy to retain your talented “followers” just might be tantamount to showing them the door – without knowing it until it’s too late.
Ready to learn more? Check out some of SkillPath's live virtual training programs, on-demand video training or get it all with our unlimited eLearning platform.
Steve Brisendine
Content Creator at SkillPath
Steve Brisendine is a Content Creator at Skillpath. Drawing on a 32-year professional writing and journalism history, he now focuses on helping businesses discover new learning opportunities, with an emphasis on relationships and communication.
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