Predictive Talent Planning Model Recognized for Use in Improving Employee Engagement and Retention
PageUp People™, a Multinational Talent Management solutions provider, today announced that the company was highlighted in a recent research bulletin from Bersin by Deloitte, titled “Career Pathing: Optimizing Engagement, Learning, and Retention.” The report explains how the right HR technology solution, such as PageUp People’s CareerPath, is essential to achieving a successful talent mobility strategy by helping to align employees’ career aspirations with the organization’s business requirements.
Although today’s companies increasingly recognize the importance of career planning in engaging and retaining talent, many face difficulty in developing a robust mobility strategy. Companies that are able to leverage their existing workforce to fill current and future positions, however, will have a significant advantage. By making employees aware of possible career paths available to them and what they can do to meet their career goals, organizations can increase engagement, yield greater return on learning investments and improve talent retention.
“We are very pleased that the Bersin by Deloitte research bulletin recognized the value of our CareerPath solution in forming a comprehensive talent mobility strategy,” said Karen Cariss, CEO of PageUp People. “Enabling employees to understand the career paths available to them, and equipping managers with the tools to recognize the positions and individuals critical to organizational goals, is necessary to ensure the long-term success of a company and its workers. Organizations that utilize CareerPath have a significant advantage in retaining key employees and developing a strong, sustainable workforce.”
The Bersin by Deloitte report demonstrates how PageUp People’s Career Path solution, a robust, predictive talent planning model, helps organizations develop an effective talent mobility strategy. CareerPath enables employees to explore and select a path to various roles and provides the estimated time required to achieve their career objectives. In addition, CareerPath has a predefined dataset of 30 million career paths, which can be filtered by industry, geography or specialized areas.
Importantly, PageUp People’s return on investment (ROI) calculator, quantifies the enormous positive impact of effectively managing talent by using career pathing in a strategic retention and performance plan. For example, an organization with 9,000 employees, 10 percent employee turnover per annum, and a $1 million learning budget could potentially achieve savings of $3.7 million and revenue increases of $13.5 million as a result of reduced turnover and increased productivity.
The report also highlights how CareerPath easily integrates with existing talent management systems, such as the HRIS to utilize realistic job families, assessment results to enrich career path suggestions and the learning management system to provide formal training. Overall, CareerPath is recognized for its use in helping employees to see a longer-term future with their company, while ensuring they receive the development and training to prepare them for advanced roles.