Employees want career development opportunities so much that they are willing to leave their current employer to get them. In a recent survey, 92% of respondents said that access to professional development is important or very important, second only to compensation; however, only 78% said they actually enjoy this benefit in their current position. At the same time, employees who have access to career development are 15% more likely to say they’re engaged at work. Three-quarters of employees who have access to career development said they plan to stay at their jobs for five years, compared to only half of those employees without this benefit. If your company doesn’t offer career development, it is worth looking into…now. Otherwise, the survey authors said, you can expect to replace up to 85% of unengaged employees over the next five years; and the savings from lower turnover are very likely to outweigh any investment in career development benefits. Read the full article.
