Career management is an important part of the employee experience and personal development. There are a number of essential career management skills and approaches to individual career management that HR teams should be aware of an attempt to foster and encourage in their employees.
What is career management
Career management is both the active management and considered planning of an individual career. This will be achieved by a activities undertaken by the individual and support at the organisational level by employers. It will usually incorporate the development of career objectives as well as the pursuit of those objective through training, proactive exploration of the job market, and continuous appraisal of individual progress towards their objectives.
The basic elements in the process include:
Alignment – ensuring an individual’s interests, existing skills and personal values are right for a career path.
Research – investigation of the professional, personal and advancement opportunities available to an individual.
Personal fit - ensuring that the profession development path an individual wishes to take fits with your personal circumstances.
Revision – individuals should be able to continuously fine-tune work and learning plans to help manage the changes in both personal life and the workplace.
Guide to your company’s payroll maturity
In the shape-shifting wake of COVID-19, companies the world over are renewing efforts to improve operational efficiency and cut costs, anticipating the difference these actions could make to their longer-term business performance.
The pandemic exposed lingering structural problems in payroll, revealing a pressing need for the function to evolve from unpredictable and reactive to data-driven and strategic.
These issues look set to intensify as firms face ongoing difficulties in recruiting payroll professionals with sufficient strategic, technical and analytical know-how.
Download this report covers:
Why payroll maturity matters
The three phases towards transformation
The technological capabilities needed to expand
Importance of career management to employees
Empowering employees with a clear view of their own career development and the skills to achieve personal career goals will help an organisation in a number of ways, including:
Greater engagement – an employee who has more appreciation of their professional path will have a higher engagement with their current role, understanding how it will contribute to their future success.
Better retention – when an organisation is seen to be actively supporting individual career management employees remain with the organisation for longer.
Improved wellbeing – having more clarity over where their career is going should decrease the level of stress that they feel over this area of their professional life. Reducing stress will contribute to a better level of wellbeing.
Increased performance – an employee who is actively managing their career will be more motivated and driven, this should manifest itself as more productivity day -to-day.
HR teams should be making sure that career management is an integral part of organisational culture and a core part of the employee experience.