Career Development: Why is it important?

By OrangeHRM | Published on 24 nov. 2022 | minute read

What is Career Development?

The support an organization provides toward an employee’s professional development, particularly when the employee transitions to a new role or assignment within the company is characterized as career development. Coaching, mentoring, skill development, networking, and career planning are frequent types of assistance provided within the organizational capacity in aiding career development. But why is it important?

The Importance of Career Development

Organizational success depends on its employees working together, planning, and acting with a common goal in mind while learning and progressing with each failure. This in turn depends on how adaptable your employees are and how much precedent an organization provides to its employees to develop within the organization to meet these challenges. Career development not only provides a skilled workforce but also provides you with the following benefits:

  • Retains your top talent

According to the U.S. Bureau of Labor Statistics, about 20% of people change jobs because they want to advance in their careers and should you provide an environment where employees can grow, you are more likely to keep hold of your top talent.

  • Attracts new talent

If an organization provides a culture where you can advance your career, the number of talented people that you can attract is also high. The Harvard Business Review says that one of the most common reasons people leave their jobs is dissatisfaction and unfulfillment that the organization that they are currently contracted to doesn’t usually provide them the opportunities to grow or advance their career prospects.

  • Organizational Growth

A sense of commitment, resilience, and improved work-life balance are all brought by environments that are growth-oriented to the business. This encourages strong staff relationships and communication. It results in better organizational efficiency at all levels and enhanced idea communication, which helps the organization succeed. It's important to create an environment at work where people can work passionately toward achieving objectives without pressure and with the confidence to contribute. The freedom and acceptance at work all make for an excellent learning organization where all employees thrive.

Why OrangeHRM?

We all want to build a successful, thriving, and high-performing organization that is filled with talented people. A culture of success is what will make your business succeed. Growing an organization from within and creating a successful learning environment that helps employees reach their potential is key to getting the best results, as well as attracting and retaining your top talent. 

The OrangeHRM Career Development Module is an ideal place to start your journey because it keeps you focused on innovation and helps you build a culture where people have the autonomy to innovate, think differently, and pursue the things that really matter to them. This module has many powerful features which are designed to help you make your organization more successful over time. Tools like the 9-Box Matrix help identify your top talent and those who are struggling so that you can direct your resources where it matters. Once the employees are identified according to the 9-Box Matrix based on their performance appraisal information, you can also use the Individual Development Plans feature to create personalized career growth programs to help your employees get to the next stage. This will not only help the employees do better but also help to improve the perception among your employees about how much the company values their personal growth along with the company's growth.

Learn more about the powerful features of OrangeHRM and how it can help transform your organization's culture by booking your FREE demo here or start your FREE 30-day trial now!