James Bryant - "Business Excellence"
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Having a career path for your employees is a key factor in attracting and retaining your workforce. The elements in a career path can be used as part of the performance development planning process encouraging the employee to take certain steps to prepare for the next position. One study found that 78% of employees in small businesses said they would stay with their current employer if there was a clear career path. The lack of a career path means employees may be looking for other places to work, may not be not fully engaged in their day-to-day activities, which has an impact on customer relations, productivity, and profits. No Career Path No Growth!
A career path helps to create a growth oriented environment.
Growing Leaders Grow People
Growing People Grow Businesses
Growing Business Grow Profits!
The objective of today's show is to have a discussion on the importance of building a career path within your company. Many small businesses have a flat organizational structure and it is sometimes hard to envision what a career path looks like when the opportunities for promotion are rara. If that is your situation then you want to listen to today's show!
What You Need to Know
Key Issues - Owner Perspective
Key Issues - Employee Perspective
What You Need to Do
Next Show: Performance Decides Promotions
written by: James Bryant
Written by James Bryant
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