🔍 𝗧𝗵𝗲 𝗣𝗼𝘄𝗲𝗿 𝗼𝗳 𝗜𝗻𝗱𝗶𝘃𝗶𝗱𝘂𝗮𝗹 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝗣𝗹𝗮𝗻𝘀 (𝗜𝗗𝗣𝘀): 𝗔 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗶𝗻 𝗧𝗮𝗹𝗲𝗻𝘁

IDPs are not just a tool—they are strategic investments in both employees and organizations.

Research shows that companies with a strong focus on employee development see a 𝟮𝟭𝟴% 𝗵𝗶𝗴𝗵𝗲𝗿 𝗶𝗻𝗰𝗼𝗺𝗲 𝗽𝗲𝗿 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗲 and a 𝟮𝟰% 𝗵𝗶𝗴𝗵𝗲𝗿 𝗽𝗿𝗼𝗳𝗶𝘁 𝗺𝗮𝗿𝗴𝗶𝗻 than those that don't.

💡 The 2023 𝐿𝑖𝑛𝑘𝑒𝑑𝐼𝑛 𝑊𝑜𝑟𝑘𝑝𝑙𝑎𝑐𝑒 𝐿𝑒𝑎𝑟𝑛𝑖𝑛𝑔 𝑅𝑒𝑝𝑜𝑟𝑡 revealed that 93% of organizations are concerned about employee retention, and 𝟵𝟰% 𝗼𝗳 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗲𝘀 𝘄𝗼𝘂𝗹𝗱 𝘀𝘁𝗮𝘆 𝗹𝗼𝗻𝗴𝗲𝗿 𝗮𝘁 𝗮 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 𝘁𝗵𝗮𝘁 𝗶𝗻𝘃𝗲𝘀𝘁𝘀 𝗶𝗻 𝘁𝗵𝗲𝗶𝗿 𝗰𝗮𝗿𝗲𝗲𝗿 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁.

🚶‍♂️ Furthermore, employees who feel they are not growing are 𝟭𝟮 𝘁𝗶𝗺𝗲𝘀 𝗺𝗼𝗿𝗲 𝗹𝗶𝗸𝗲𝗹𝘆 𝘁𝗼 𝗹𝗲𝗮𝘃𝗲 𝘁𝗵𝗲𝗶𝗿 𝗰𝗼𝗺𝗽𝗮𝗻𝘆. These findings align with McKinsey’s "Great Attrition, Great Attraction" survey, which highlighted that 𝟰𝟬% 𝗼𝗳 𝘄𝗼𝗿𝗸𝗲𝗿𝘀 𝗴𝗹𝗼𝗯𝗮𝗹𝗹𝘆 𝗮𝗿𝗲 𝗰𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗶𝗻𝗴 𝗹𝗲𝗮𝘃𝗶𝗻𝗴 𝘁𝗵𝗲𝗶𝗿 𝗷𝗼𝗯𝘀 within the next three to six months, with lack of career development being a top reason.

Microsoft, IBM, and Deloitte exemplify using IDPs as part of their talent management strategies.

▪ Microsoft’s continuous learning culture, driven by its IDP program, has contributed to a 𝟲𝟮% 𝗿𝗲𝗱𝘂𝗰𝘁𝗶𝗼𝗻 𝗶𝗻 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗲 𝘁𝘂𝗿𝗻𝗼𝘃𝗲𝗿 𝗼𝘃𝗲𝗿 the past five years. 📉 

▪ IBM, through its 'Your Learning' platform, which is integrated with IDPs, reports that 𝟵𝟬% 𝗼𝗳 𝗶𝘁𝘀 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗲𝘀 𝗳𝗲𝗲𝗹 𝗺𝗼𝗿𝗲 𝗲𝗺𝗽𝗼𝘄𝗲𝗿𝗲𝗱 𝘁𝗼 𝗿𝗲𝗮𝗰𝗵 𝘁𝗵𝗲𝗶𝗿 𝗰𝗮𝗿𝗲𝗲𝗿 𝗴𝗼𝗮𝗹𝘀. 💪 

▪ Deloitte’s focus on leadership development through IDPs has resulted in a 𝟯𝟬% 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲 𝗶𝗻 𝗹𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽 𝗽𝗶𝗽𝗲𝗹𝗶𝗻𝗲 𝗿𝗲𝗮𝗱𝗶𝗻𝗲𝘀𝘀, ensuring the organization’s resilience in a fast-changing market.

𝗧𝗵𝗲 𝗖𝗮𝘀𝗲 𝗳𝗼𝗿 𝗔𝘂𝘁𝗼𝗺𝗮𝘁𝗶𝗻𝗴 𝗜𝗗𝗣𝘀 🎯

While the benefits of IDPs are undeniable, managing them at scale can be challenging. This is where automation steps in.

▪ 𝐶𝑜𝑛𝑠𝑖𝑠𝑡𝑒𝑛𝑐𝑦: Ensure every employee receives the same level of attention and growth opportunities.

▪ 𝐸𝑓𝑓𝑖𝑐𝑖𝑒𝑛𝑐𝑦: Free HR and management teams to focus on strategic initiatives rather than administrative tasks.

▪ 𝐷𝑎𝑡𝑎-𝐷𝑟𝑖𝑣𝑒𝑛 𝐼𝑛𝑠𝑖𝑔ℎ𝑡𝑠: Easily track progress and identify skill gaps, allowing for timely interventions and tailored support.

At The Management Sherpa™, we've done the hard work for you!

📹 𝗖𝗵𝗲𝗰𝗸 𝗼𝘂𝘁 𝗼𝘂𝗿 𝘃𝗶𝗱𝗲𝗼: https://tinyurl.com/Sherpa-IDP-Automated

Want to learn more about our automated IDPs and Talent Management strategy? 👇

📧 𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝘂𝘀: https://www.themanagementsherpa.com/contact

🌐 𝗢𝘂𝗿 𝗢𝗻𝗹𝗶𝗻𝗲 𝗟𝗠𝗦: https://the-management-sherpa.com/

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