IDPs are not just a toolโthey are strategic investments in both employees and organizations.
Research shows that companies with a strong focus on employee development see a ๐ฎ๐ญ๐ด% ๐ต๐ถ๐ด๐ต๐ฒ๐ฟ ๐ถ๐ป๐ฐ๐ผ๐บ๐ฒ ๐ฝ๐ฒ๐ฟ ๐ฒ๐บ๐ฝ๐น๐ผ๐๐ฒ๐ฒ and a ๐ฎ๐ฐ% ๐ต๐ถ๐ด๐ต๐ฒ๐ฟ ๐ฝ๐ฟ๐ผ๐ณ๐ถ๐ ๐บ๐ฎ๐ฟ๐ด๐ถ๐ป than those that don't.
๐ก The 2023 ๐ฟ๐๐๐๐๐๐ผ๐ ๐๐๐๐๐๐๐๐๐ ๐ฟ๐๐๐๐๐๐๐ ๐ ๐๐๐๐๐ก revealed that 93% of organizations are concerned about employee retention, and ๐ต๐ฐ% ๐ผ๐ณ ๐ฒ๐บ๐ฝ๐น๐ผ๐๐ฒ๐ฒ๐ ๐๐ผ๐๐น๐ฑ ๐๐๐ฎ๐ ๐น๐ผ๐ป๐ด๐ฒ๐ฟ ๐ฎ๐ ๐ฎ ๐ฐ๐ผ๐บ๐ฝ๐ฎ๐ป๐ ๐๐ต๐ฎ๐ ๐ถ๐ป๐๐ฒ๐๐๐ ๐ถ๐ป ๐๐ต๐ฒ๐ถ๐ฟ ๐ฐ๐ฎ๐ฟ๐ฒ๐ฒ๐ฟ ๐ฑ๐ฒ๐๐ฒ๐น๐ผ๐ฝ๐บ๐ฒ๐ป๐.
๐ถโโ๏ธ Furthermore, employees who feel they are not growing are ๐ญ๐ฎ ๐๐ถ๐บ๐ฒ๐ ๐บ๐ผ๐ฟ๐ฒ ๐น๐ถ๐ธ๐ฒ๐น๐ ๐๐ผ ๐น๐ฒ๐ฎ๐๐ฒ ๐๐ต๐ฒ๐ถ๐ฟ ๐ฐ๐ผ๐บ๐ฝ๐ฎ๐ป๐. These findings align with McKinseyโs "Great Attrition, Great Attraction" survey, which highlighted that ๐ฐ๐ฌ% ๐ผ๐ณ ๐๐ผ๐ฟ๐ธ๐ฒ๐ฟ๐ ๐ด๐น๐ผ๐ฏ๐ฎ๐น๐น๐ ๐ฎ๐ฟ๐ฒ ๐ฐ๐ผ๐ป๐๐ถ๐ฑ๐ฒ๐ฟ๐ถ๐ป๐ด ๐น๐ฒ๐ฎ๐๐ถ๐ป๐ด ๐๐ต๐ฒ๐ถ๐ฟ ๐ท๐ผ๐ฏ๐ 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.
โช Microsoftโs continuous learning culture, driven by its IDP program, has contributed to a ๐ฒ๐ฎ% ๐ฟ๐ฒ๐ฑ๐๐ฐ๐๐ถ๐ผ๐ป ๐ถ๐ป ๐ฒ๐บ๐ฝ๐น๐ผ๐๐ฒ๐ฒ ๐๐๐ฟ๐ป๐ผ๐๐ฒ๐ฟ ๐ผ๐๐ฒ๐ฟ the past five years. ๐ย
โช IBM, through its 'Your Learning' platform, which is integrated with IDPs, reports that ๐ต๐ฌ% ๐ผ๐ณ ๐ถ๐๐ ๐ฒ๐บ๐ฝ๐น๐ผ๐๐ฒ๐ฒ๐ ๐ณ๐ฒ๐ฒ๐น ๐บ๐ผ๐ฟ๐ฒ ๐ฒ๐บ๐ฝ๐ผ๐๐ฒ๐ฟ๐ฒ๐ฑ ๐๐ผ ๐ฟ๐ฒ๐ฎ๐ฐ๐ต ๐๐ต๐ฒ๐ถ๐ฟ ๐ฐ๐ฎ๐ฟ๐ฒ๐ฒ๐ฟ ๐ด๐ผ๐ฎ๐น๐. ๐ชย
โช Deloitteโs focus on leadership development through IDPs has resulted in a ๐ฏ๐ฌ% ๐ถ๐ป๐ฐ๐ฟ๐ฒ๐ฎ๐๐ฒ ๐ถ๐ป ๐น๐ฒ๐ฎ๐ฑ๐ฒ๐ฟ๐๐ต๐ถ๐ฝ ๐ฝ๐ถ๐ฝ๐ฒ๐น๐ถ๐ป๐ฒ ๐ฟ๐ฒ๐ฎ๐ฑ๐ถ๐ป๐ฒ๐๐, ensuring the organizationโs resilience in a fast-changing market.
๐ง๐ต๐ฒ ๐๐ฎ๐๐ฒ ๐ณ๐ผ๐ฟ ๐๐๐๐ผ๐บ๐ฎ๐๐ถ๐ป๐ด ๐๐๐ฃ๐ ๐ฏ
While the benefits of IDPs are undeniable, managing them at scale can be challenging. This is where automation steps in.
โช ๐ถ๐๐๐ ๐๐ ๐ก๐๐๐๐ฆ:ย Ensure every employee receives the same level of attention and growth opportunities.
โช ๐ธ๐๐๐๐๐๐๐๐๐ฆ:ย Free HR and management teams to focus on strategic initiatives rather than administrative tasks.
โช ๐ท๐๐ก๐-๐ท๐๐๐ฃ๐๐ ๐ผ๐๐ ๐๐โ๐ก๐ :ย Easily track progress and identify skill gaps, allowing for timely interventions and tailored support.
Atย The Management Sherpaโข, we've done the hard work for you!
๐น ๐๐ต๐ฒ๐ฐ๐ธ ๐ผ๐๐ ๐ผ๐๐ฟ ๐๐ถ๐ฑ๐ฒ๐ผ:ย https://tinyurl.com/Sherpa-IDP-Automated
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