Running a successful company largely depends on helping your employees achieve their career goals. After all, if they’re satisfied and able to advance in their careers, they’re more likely to be fully engaged and give it their all at work. With that said, here are some ways to help your employees get the most from their careers.
Routinely Discuss Career Development Options
A common mistake employers make is only touching on this subject during official performance reviews. However, employees are always evolving, and they may constantly have shifting hopes and ambitions. Ideally, you’ll check in on them frequently at least every other week or so to discuss career development options.
It’s also important to have an open-door policy where your employees feel comfortable coming to you to discuss their goals. Try to be available yourself, or have a designated manager who’s always available to hear employee feedback. That way your staff can share their thoughts with you as they arise, and they’re less likely to feel frustrated.
Promote from Within
External hires get significantly lower performance evaluations for their first two years on the job than do internal workers who are promoted into similar jobs,” says Wharton management professor Matthew Bidwell. “They also have higher exit rates, and they are paid ‘substantially more.’ About 18 percent to 20 percent more.”
Giving your existing employees the chance to climb the company ladder builds a strong foundation and can play a huge role in helping them achieve their career goals. So if you’re ever faced with the decision to hire internally or externally, opt for the former.
Offer Career Mentorship
Having a mentoring program can also be incredibly powerful. The knowledge and skills a company leader can impart on employees can have a major impact. Not only is it an effective way to help your employees develop and accelerate their progress; it can improve your company’s bottom line and make you more competitive. So see which leaders are interested in participating, and formally assign them as mentors to individual team members so everyone has a point of contact they can turn to for guidance.
The success of your company is directly related to the success of your employees. Following these strategies should help your employees reach their career goals, which is a win-win for everyone involved.
Want to take your recruiting to the next level? Reach out to the professionals at PrideStaff DFW today.