Businesses need a career development culture in order to engage and retain top talent at a time when financial incentives have little impact, according to assessment and development consultancy, a&dc.
This comes in light of a recent survey survey of over 1,000 professionals from the Institute of Leadership and Management (ILM) which revealed that emotional factors are the strongest motivators of the workforce, with ‘job enjoyment’ listed as the top motivator.
In response to these results, a&dc has identified that creating a culture of career development – where employees have more control over their progression as a result of greater collaboration between the goals of the individual and the organisation – will increase employee satisfaction levels.
Pip Clarke, Business Development Director at a&dc explained:
“Today’s talent is after more from an employer than financial incentives. Indeed, as the recent ILM research shows, job enjoyment – which includes having a work / life balance and career progression opportunities – has increasingly become important. But, for HR teams, ensuring staff enjoy their job is a complex challenge with many different factors involved, such as personality type, management style, career preferences, development needs and workplace expectations.”
“However, creating a culture of career development can be as simple as empowering individuals to take greater control over their own career progression. Close collaboration with managers in doing this will also ensure development supports wider business strategy. This is just one of the ways that HR can have a direct impact on business performance, by creating an environment where staff feel more engaged with the business and ultimately, more motivated.”
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