Development Key to Retaining Ambitious Staff
Ambitious employees expect to have to jump ship in the New Year, but better development opportunities could keep them where they are, according to a new poll.
Research for Investors in People (IIP) shows that nearly half of employees (48%) feel they deserve to be promoted within six months, but 60% feel they will have to switch organizations to progress their career.
Over half (53%) of employees questioned said that their organization’s approach to promotion remains a mystery, and more than three quarters (77%) were unsure of how development in their role was linked to promotion prospects.
When asked how their bosses could improve the process for promoting people, employees called for clear guidelines for staff at all levels (57%). Over half (54%) cited individual development plans and 47% pointed to a robust appraisals process as important factors.
Commenting on the findings, IIP director June Williams said: “Managers should remember that promotion isn’t just about new titles or salary increase – for many employees, being given new responsibilities is more important. What’s more, without new challenges, the temptation is to seek progression by moving on elsewhere. Not only does this cost employers as they spend time and money to replace them, it ultimately benefits the competition who are only to happy to snap up new talent.”
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.