Engage and Retain: How Great Leaders Foster Career Development
FranklinCovey UK & Ireland
At FranklinCovey, we transform organisations by building exceptional leaders, teams, and cultures that get results.
Today, employees are a lot more likely to stay true to themselves than blindly loyal to a company.? It is no surprise then that according to LinkedIn’s 2024 Workplace Learning Report, helping employees develop their careers has moved up 5 places on the L&D? priority list from last year.
In this month's issue of Leading Behaviour Change, we explore the link between career development and employee engagement, where organisations are failing to deliver, plus the practical ways leaders can get better at advocating for (and retaining) their talent.
Plus, don't miss an exclusive first look at our Autumn event tour , and the exciting updates (did someone say FranklinCovey mobile app?) coming to our clients this summer!
The Link Between Engagement and Career Development
Whilst salary (a lure to another job for 48% of workers) may attract people to new roles, it doesn’t necessarily keep them in their jobs. Opportunity for progression does.
According to a survey conducted by Adecco, 44% of respondents who expressed a desire to stay with their current company stated that they would only do so if they were provided with reskilling and progression opportunities in their role. Studies also show that employees in organisations with opportunities for both horizontal and vertical mobility stick around almost twice as long as those in organisations without. When you focus on just the younger cohort, the majority (74%) of Gen Z and Millennials have considered quitting due to a lack of development opportunities.
Of course people leave roles for many inevitable reasons, but deep down we all need to feel that who we are, what we do and how we’re growing, matters to our employers. According to LinkedIn, 7 in 10 people say learning improves their sense of connection to their organisation . The modern workforce seeks meaning and impact in their everyday, which means organisations need to recognise and fully utilise current skills, whilst investing in new ones and aligning with individual aspirations.
The Role of Leadership in Career Development
Leaders are essential in guiding their team members towards career success, but research suggests managers aren’t equipped with the coaching skills or empowered with the relevant knowledge to create the personalised growth opportunities employees are after.? According to the How the Workforce Learns 2023 report, nearly 70% of employees feel that their managers care about them as a person, yet over a quarter of employees globally (26%) felt their manager hadn’t meaningfully supported their professional growth over the past 12 months.
You just need to look at the stigma around ‘Quiet Hiring’ for a sense of the workforce mood towards their treatment and development. Quiet hiring, as defined by Gartner in their 2023 WorkTrends report, refers to the practice of acquiring new skills and capabilities without increasing the number of full-time employees. This may require reskilling or upskilling current employees so they can accomplish what’s most important. Many argue that quiet hiring is simply a new term organisations are using to add to their team’s workload and hold them to the directive: “Do more with less.”
In truth, the idea is to realign priorities among people in order to prevent burnout. You want workers to feel excited about increased opportunities and confident that any changes are benefiting them, not pressured, coerced or taken advantage of. However, that is how employees feel if leaders aren’t intentional about how they show up.?
Developing Leadership Skills for Career Growth
For leaders to effectively support career development, they must also focus on enhancing their own leadership skills . Here are some ways leaders can improve their ability to foster career growth within their teams:
These four skills are the backbone of leaders who engage, retain and grow talent. However, even leaders who are equipped with the above mindsets and skillsets, frequently fail to have the desired influence on their direct reports because of one persistent inefficiency: unintentional 1-2-1s.
"Leadership happens one conversation at a time, so be mindful of each one."
Grow and Engage Employees with Better 1-2-1s
Some direct reports may have a career path fully mapped out, down to desired promotion dates. Others may have no clue what they want to do next, and some may not yet fully understand how they contribute now.
According to Gartner, only 1 in 4 employees feel confident about their career at their organisation.
Frequent, meaningful career conversations are one of the most overlooked engagement levers- 23% of workers have never had one. Yet, when learners are given the opportunity to set career goals, they engage with learning 4x more than those who don’t set goals. And when individual career development aligns with a company’s priorities, people and organisations build the critical, future-facing skills to navigate constant change. So where do you or your leaders start?
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10 Questions Leaders Can Use to Address Career Development
In the words of Todd Davis, author of Get Better, Everyone Deserves a Great Manager, Talent Unleashed, and former chief people officer of FranklinCovey: “Leadership happens one conversation at a time, so be mindful of each one”.?
Engaged Employees Feel Invested In
Putting employees’ development needs at the top of the priority list sends a powerful message. To ensure that message isn’t muted, organisations must equip leaders to consistently create a safe space for people to voice their aspirations, aligning them with the best results, and paving the way for their achievement. This is where you’ll see a major shift in how your business operates. If your organisation isn’t focusing on creating a learning culture, you’re going to find it very difficult to maintain strong employee engagement.
In other words, if you don’t open doors for your employees, they’ll find different ones to walk through.
[Pre-Promotion Invitation] Retention Is the New Recruitment
According to recent research, two-thirds of Gen Z believe that proactively changing organisations is the key to building their career. Faced with this transient mindset, plus ever evolving skills gaps, the reality is that recruitment is only a short-term solution.
The pressing question today is: How do you create an employee experience which modern workers grow with, give their best to, and can’t be lured away from?
To discover the answer, join us for our latest in person event Retention Is the New Recruitment, for senior leaders in HR, L&D and C-Suite. Coming to cities across the UK and Ireland in September and October, FranklinCovey experts Paul Coates , Gareth Otton and Peter Nolan will share the latest research and field-tested frameworks to demystify how leaders can practically retain, engage and develop scarce talent.
What's New at FranklinCovey this Summer?
We could not execute our mission to transform organisations through behaviour change without constantly investing in technology. Watch our update below to discover new features that will make measuring, reinforcing and embracing a culture of learning even easier for our clients, and their people.
How are these trends and employee expectations showing up in your organisation? Are there any topics or challenges you'd like to see us address next month? Leave us a comment and let us know!
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