Good HR Must Know: The Business Impact of Career Planning 1

Research shows that in 70% of companies using career planning programs, employee participation is twice as high as that of companies that do not provide career planning programs, and employee retention rates are four times higher. At the same time, companies that employ career and competency management technology can effectively match employee capabilities with job requirements. Thus, enhance employee engagement, retention rates, and customer service satisfaction.

A good career plan can not only improve talent experience but also bring considerable positive development to the enterprise.

The figure below summarizes the business impact of strong career planning.

Good HR Must Know: The Business Impact of Career Planning 2
Good HR Must Know: The Business Impact of Career Planning 3
Good HR Must Know: The Business Impact of Career Planning 4
source: https://www.saba.com/resources/infographics/the-business-impact-of-strong-career-development-programs

More and more companies use career and competency management technology to increase employee engagement and tenure. Career Plan & Succession Management can effectively help companies create a healthy talent supply chain, effectively reduce turnover rates, and increase employee engagement.

Good HR Must Know: The Business Impact of Career Planning 5

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