As uncovered in our Employee Retention Report, companies that provide their workforce with access to professional development enjoy a 10% higher employee etention rate than those who don't. Unfortunately, those opportunities for career progression aren't enjoyed equally for men and women.
In a survey of 400 full-time employees, we asked whether they felt they had any opportunities for career growth at their current job. Here are the results:
Women feel as though they have significantly fewer opportunities for career progression. And while there are many reasons for this perception, there are ways to ensure everyone has access to developmental opportunities. Here are a few ways to ensure everyone at your organization feels like there's room for growth.
Sit down with individual employees and discuss career goals. Then help come up with milestones or goals that will help them get where they want.
Be frank with your employees. If they are literally in a dead-end job, let them know and help brainstorm other similar paths they can take. Show them the steps they have to take before landing that VP of Sales position.
Don't wait until the annual performance review to touch base with your employees. Find out if there are any new projects they'd like to tackle and what you can do to help them progress towards their career goals.
It's easy to just have employees do the same tasks repeately because it's efficient. But think of it this way: is it all that efficient when an employee quits because they're tired of doing the same routine?