Developing Talent: Does it impact your business performance?

Worldwide we have found that by providing career development, it creates a positive impact on employee engagement and is directly related to organizational performance. A large amount of research has established a link between engagement to retention, productivity, and organizational performance. Organizations that fail to engage their employees never perform at their best. They actually risk losing talented employees and their competitive edge in the market.

Disengaged employees do only what is asked, lack alignment with the mission and values, and remain in their jobs due to lack of job opportunities. In 2008, the estimated annual financial loss in the U.S. due to disengaged employees was approximately $300 billion. In the Herman Trend Alert: 2010 Workforce/Workplace Forecast, the report states that 54 percent of today’s employees are ready to jump as soon as the economy improves. This could cause many organizations to face a retention crisis.

We have found that offering career development not only meets the organizational challenges with engagement but employees take ownership of their work. Career development provides the employees with tools to help them do their job well. Career development drives engagement, productivity, and performance of your employees.