Career pathing: what it is, benefits, and why it’s important

Career pathing: what it is, benefits, and why it’s important

August 29, 2024
Anna Mikhaleva
by Anna Mikhaleva, Product Owner
Today, helping employees grow and succeed is more important than ever. That’s where career pathing comes in. It’s a way for companies to guide employees through their careers, showing them how they can advance within the organization. Let’s explore what career pathing is, why it’s beneficial, and how it can make a big difference for both employees and companies.

What is career pathing?

Career pathing is a process where employees work with their managers or HR to map out a clear plan for their future within the company. This plan is often visualized through a career map or career roadmap, which shows the steps an employee can take to move up or across different roles. Career mapping also helps employees understand the skills and experiences they need to reach their goals.
Key parts of the career pathing process
  • Skills and competencies: What skills are needed for future roles?
  • Milestones: Setting clear goals to track progress.
  • Training and development: Planning learning activities that support a growth career path.
  • Timeline: Deciding how long it will take to reach career goals.

Why career pathing is beneficial?

Understanding the benefits of career pathing is important for both employees and companies. Here are some of the key advantages:
Boosts employee engagement
When employees see a clear path forward, they’re more motivated and engaged. Employee career pathing gives them a sense of purpose and direction, making them more likely to stay with the company.
Improves retention
A well-defined career pathway helps keep top talent by addressing the lack of career growth that often leads employees to look elsewhere. Clear career roadmaps can reduce turnover and save on recruitment costs.
Encourages learning
Career path planning promotes continuous learning and development, which benefits both the employee and the company. A focus on continuous learning helps build a more skilled and adaptable workforce.
Aligns employee and company goals
When employee career pathing aligns with the company’s goals, both the employee and the organization benefit. This alignment creates high performing teams and supports mutual growth.
Supports diversity and inclusion
Career mapping ensures that all employees have equal access to career advancement opportunities, supporting diversity and inclusion within the company.

Why career pathing is important?

Understanding the importance of career pathing is key for companies that want to stay competitive and retain their best employees.
Gaining a competitive edge
In today’s job market, companies that invest in career pathing are more likely to attract and retain top talent. A clear career path strategy helps build a more engaged and productive workforce.
Preparing for the future
As jobs and technology continue to evolve, career pathing helps employees prepare for future roles. This is crucial for keeping the company agile and competitive.
Fostering growth
A strong focus on career pathing creates a culture of growth and continuous improvement. Employees who see that their development is valued are more likely to stay committed and contribute to a positive company culture.
Meeting employee expectations
Today’s workforce values growth and development. Career pathing meets these expectations, making the company a more attractive place to work.

How internal talent marketplaces help with career pathing

Internal talent marketplaces are online platforms that connect employees with new opportunities within the company. These platforms have changed the career pathing process by making it easier for employees to see what opportunities are available and by helping them create a more dynamic career path strategy.
Benefits of internal talent marketplaces like Talenteer:
  • Visibility into opportunities: These platforms help employees discover new roles they might not have known about, opening up more career pathways.
  • Skill-based matching: By using data-driven decision making and HR analytics, these platforms match employees with roles that fit their skills and career goals.
  • Cross-department mobility: Employees can move across different departments, gaining new experiences and contributing to high performing teams.
  • Employee empowerment: Employees have more control over their careers, leading to higher employee engagement.
  • Succession planning and talent redeployment: These platforms also help companies plan for leadership changes and efficiently allocate talent across the organization.

Use Talenteer to help your team discover new career pathways and achieve their full potential

Book a demo

Career pathing setup checklist

Implementing a career pathing process in a large organization requires careful planning and execution. Below is a step-by-step checklist to guide you through the process:
1. Define objectives
2. Secure executive support
3. Establish a сross-functional team
4. Conduct workforce analysis
5. Develop career path frameworks
6. Design development programs
7. Implement technology solutions
8. Communicate the career pathing process
9. Train managers and HR
10 Monitor and adjust
11. Measure success

In conclusion

Career pathing is essential for helping employees grow and succeed. Supported by internal talent marketplaces, it makes it easier for employees to find new opportunities and for companies to retain top talent. By providing clear career roadmaps, employee career pathing boosts engagement, improves retention, and supports overall company growth. As the workplace evolves, career pathing will remain a key part of successful talent management strategies, benefiting both employees and organizations.
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