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commercial careers strategy
Kirsty T
Created on May 22, 2023
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Transcript
Functional Strategy
Audience insight
Gap Analysis
Create a global commercial career strategy, for all stages of development
Why
When
Where
What
Who
What
Where
Who
When
Why
Who
VIEW
Preparation for industry/environmental development, i.e. ICE to ACES, House of Brands.
Adaptability to changing business landscape
Enabling readiness for development roles as/when they become available.
Mapping the route an employee takes from a current position through successive roles to arrive at their ultimate goal.
Development of Portfolio of skills
What
An advancement roadmap, with short and long term benchmarks;
When
The purpose of development will impact the completion timeframe. .
Task based vs long term career enhancement?
How long should the development plan(s) take?
The development plan types will depend on the employee role types and career paths.
Is it for all starters or for those with long term development aspirations?
How soon should employees be in role before entering a development path?
The time and resources allocated will dictate the extent of intial development options available.
What is the wider functional direction?
How long is the planning phase?
Social Cognitive Career Theory: Career development behaviours are affected by three social cognitive processes - self efficacy beliefs - outcome expectations - career goals
Productive outcomes essential
Retention impact?
Training is becoming a concern for employees as they face their career futures, according to a survey conducted in 2021 by Monster. "45% more likely to stay with their current employer if they were offered skills training"
- Improves career engagement
- Increased retention
- Attract top job candidates
- Enhanced productivity
- Maximise potential of high performers
- Boosts profits
What are the benefits of a formal career strategy?