The results are in — talent development and career opportunities significantly boost employee retention. Three major studies have established this crucial link:
With declining birthrates, employers are increasingly realizing that a new workforce is not on the horizon, necessitating the need to foster sustainable talent pipelines for future organizational success. Leaders are already struggling to find talent with the skills they need. ManpowerGroup’s Global Talent Shortage Survey finds that 70% of U.S. employers report difficulty filling roles with the right skilled talent, underscoring the critical need for leaders to invest in supporting and developing their workers today.
To enhance talent development and career growth opportunities, organizations should take seriously the value career coaching can bring. According to the International Coach Federation, organizations that use coaching have an average return on investment (ROI) of seven times the initial investment. Coaches help individuals develop personalized career plans, close skill gaps, set goals, build confidence and elevate leadership capabilities, thereby strengthening the talent pool and propelling the organization toward sustainable success.
Given the heightened need for talent development and career coaching, it is critical to seek out a trusted and proven career coaching and talent development firm that can help you build the workforce you need now and in the future. Right Management is that partner. With numerous third-party accolades, a world-class Net Promoter Score and a long track record of success, you and your business will be in safe hands.
Below, we highlight two case studies that demonstrate our best-in-class talent development and career coaching services. We look forward to delivering the same results for you!