In the spirit of the season, last week we gave people a gift of Fuel50 tools to rethink their career strategy for 2019. This week, we’re thinking about you as a business leader!
“Dissatisfaction in the area of careers is a predictor of full disengagement and leaving a company in less than 12 months.” — Glint
1. We know this trend can be reverse-engineered.
According to our own Career Engagement Benchmarking Research, transforming the career experience in organizations has been shown to be associated with significant improvement in retention, uplifts in engagement, and improvements in internal talent mobility. We even saw a faster time to productivity and reduced absenteeism, while internal hire to external hire ratios also improved.
There are 6 simple steps identified that an organization can take to improve the career experience and get these gains.
> Download the benchmarking research paper here
2. We know that transforming the career experience starts with giving an employee transparency to their future career path.
It is about enabling your employees to understand what their future with your business could look like and enable them to get started on a career growth journey with you immediately where they have the road map and learning assets and plan at their fingertips. People today expect a career path to be delivered that is as simple as going to Google Maps, plugging in your current location, and then finding the pathway to your destination.
“There is a better way to build your framework, and we’re already doing this for many best-in-class organizations across the globe!”
This simplicity is now being delivered with our newly released Career Journeys app where you simply input those two data points: 1) Your current starting point, and 2) Your preferred destination, which is as aspirational as you’d like it to be!
At Fuel50 we believe in the art of the possible. Anyone can do anything, it is all within the realm of the possible – but we also believe in providing a valuable reality check that is your ‘match score’ (think Match.com meets LinkedIn). Connected to this match score is a ‘Capability Gap Analysis’ that identifies all the skills, competencies, and learning journeys you need to get started on that journey now.
Your pathway to a future can really be that simple – take your business organizational role information (as raw and as imperfect as it may be), supplement it with our validated library of job profiles and skills content, and easily build out career path roadmaps across your business.
By the time we’ve benchmarked your role data against our validated library of skills, we guarantee it will be significantly better than where you are probably today. And it is a fast process! Not one that will take you years of consulting and SME focus groups. There is a better way to build your framework and we are doing this for many organizations across the globe already.
3. Take this logistics company who built out career pathways for their 42,000 employees globally.
They saw engagement go up significantly, they saw leader conversations improve in areas where Fuel50 was being used, and they have now seen improvements in internal talent mobility that are associated with a measurable gain in the number of horizontal moves that were made in the last 12 months.
> Listen to Ingersoll Rand’s full story here
These kind of gains are not unusual for our clients. In fact, any business who measures engagement will see it improve, led by the improvement in the career-related items of the survey. Look at these results which just came through last month in our pilot of 5000 people globally (all of the HR function and all of the Australian global business.
The ‘Overall Career Opportunities’ items increased by 4 points from 2017 and is now sitting at 57%
“Offers excellent career opportunities to strong performers” saw a 13 point increase
68.3% of users were satisfied with the new career experience
50% of unique logins were returning users
We are sitting on a wealth of retention trend data from our client organizations and, while we can’t share that data specifically, we do know that (in aggregate) if someone engages with Fuel50 five times in a given year, they are three times as likely to be retained 12 months later by that organization.
If someone uses Fuel50 5x a year, they are 3x more likely to be retained 12 months later.
4. So as our holiday gift to you, we have built a mock HR Career Journey’s portal which you can view here.
Go in and see what kind of career and learning journey you can build for yourself as a teaser for what we can build for your own organization. It will only take us 90 days from project kick-off to completely personalize career maps to your organizations’ pathways and build a totally unique career-value proposition.
Contact us for your trial access to our Career Journey’s experience or even better how we can help you transform career path visibility and improve your career frameworks at the same time. Find out why many of the worlds leading organizations are using Fuel50 to deliver an improved employee career experience — our Fuellies are on standby to talk with you and help you become a career hero to your business in 2019.