Employers set to increase career development program to retain talent: Employers set to increase career development program to retain talent

Abstract

According to new research by Korn Ferry Hay Group, companies are prioritizing career development over other alternative rewards, benefits and bonuses for their employees. A simple tool like a job family model ? which identifies the required knowledge, skills, experience, accountabilities, performance indicators and behavioral competencies for a group of jobs ? can go a long way in providing clarity between manager and employee in terms of what an employee needs to be able to...