Predictive talent planning models can improve employee engagement and retention by aligning employees’ career goals with the organization’s business needs, according to a research bulletin from Bersin by Deloitte, titled “Career Pathing: Optimizing Engagement, Learning, and Retention.”
The report specifically named PageUp People’s CareerPath as a predictive tool that employers can use to develop a talent mobility strategy. With CareerPath, employees can examine and select paths to multiple roles. The tool offers a time estimation for achieving those career objectives, and it includes a predefined dataset of 30 million career paths. The dataset can be filtered by industry, geography and specialized areas. CareerPath also integrates existing talent management systems for realistic job families, assessing career path results and learning the management system to provide formal training.
“Enabling employees to understand the career paths available to them and equipping managers with the tools to recognize the positions and individuals critical to organizational goals is necessary to ensure the long-term success of a company and its workers,” says Karen Cariss, CEO of PageUp People. “Organizations that utilize CareerPath have a significant advantage in retaining key employees and developing a strong, sustainable work force.”
Employers understand the importance of career planning when it comes to engagement and retention, but they have trouble developing a mobility strategy, PageUp People maintains. When an employer can leverage its workers to fill current positions as well as those in the future, it holds a significant advantage as it can increase engagement, experience greater return on learning investments and improve talent retention.