The Benefits of Supporting Your Employee’s Career Aspirations
In today’s dynamic and competitive business landscape and ecosystem, organizations that prioritize the growth and development of their employees are the ones that excel. Now, it is not only important to recognize your employee’s potential while they work with you. It is important to support the growth of this potential and help them with their career aspirations.
Recognizing and supporting your employees’ career aspirations is not only a humane approach but also a strategic investment that can yield remarkable benefits for both your company and your employees. In this article, we will offer insight into the numerous benefits of supporting your employee’s aspirations and the best ways to support their career progression.
Supporting Your Employees’ Aspirations
The corporate landscape has witnessed significant transformations in recent decades. A notable trend arising from the rapidly expanding business ecosystem is the increasing emphasis employers and managers place on supporting their employees’ professional aspirations and development.
Professional aspirations encompass long-term hopes and ambitions within one’s career trajectory. These aspirations may include a fervor for working in a role that aligns with personal passions or the desire to cultivate talents and skills, aiming to excel in their chosen field.
In the contemporary era, workers are actively formulating dreams, outlining career expectations, and setting goals in pursuit of their professional aspirations. Individuals are clear about their desires within their careers, with many demonstrating unwavering determination to achieve these objectives. Employees are establishing standards and expressing expectations from their employers, with a key requirement being the active support of their professional aspirations.
As an employer, it might be tempting to view the role narrowly as ensuring task completion. However, in the current era, the growth of an employee translates into myriad benefits for the company. Consequently, every employer should be committed to fostering employee growth and assisting them in attaining their professional goals.
Supporting your employees’ professional aspirations yields numerous advantages beyond personal development. It not only contributes to their self-improvement but also plays a substantial and memorable role in their overall growth. Simultaneously, the company benefits from heightened engagement and productivity as employees, driven by their quest to realize their professional dreams, become valuable contributors to the organization’s success.
In this dynamic age, recognizing and actively supporting your employees’ professional aspirations is essential for fostering a workplace where both individuals and the company thrive.
Should You Support Your Employees’ Career Aspirations?
The Great Resignation has once again revealed concerns that many employers may be underemphasized. As employees and workers in the rapidly dwindling job market leave their jobs in droves for greener pastures and professional fulfillment, it is quite obvious that employee aspirations have become extremely important in the business world.
Now, employees are taking their need for career fulfillment more seriously than they have over the years. They are no longer interested in simply getting whatever comes their way. Now, they are interested I’m actively pursuing their dreams and aspirations. As a result, many employees are equally pursuing companies that support these aspirations and offer the opportunities they need to grow.
So there goes the first benefit of supporting your employees’ career aspirations- loyalty. However, unconditional loyalty is not the only benefit of supporting your employees’ aspirations.
Today, the focus on company success has shifted from what the employees can do for the company to what the company can do for the employees. After all, workers are becoming increasingly picky about the characteristics they want in an employer.
As a result, many companies have created strategies to ensure they remain relevant by attracting and retaining top talents in the job market. They do these by providing impressive company cultures and work environments that promote employee growth that supports employee career aspirations. Needless to say, Investment in employees fuels business success and these companies find themselves gaining traction over their peers.
Benefits Of Supporting Your Employees’ Career Aspirations
Gone are the days when employees were content with a steady job and a predictable career path. Today’s workforce is driven by a desire for personal and professional growth, seeking opportunities that align with their long-term goals and aspirations.
In the modern job market, it is not strange to find employees who seek out employers that will play significant roles in their professional growth. However, as an employer, it is easy to wonder if offering growth opportunities and the support that these employees seek is in your best interest. After all, how do you know they are not simply using you as a stepping stone to reach their professional goals?
However, numerous surveys have proven that supporting your employees’ career aspirations is probably one of the best and most beneficial steps any employer can and should take.
Some of the benefits of supporting your employees’ aspirations include:
- Attracting Top Talent
A statistic from the American Staffing Association (ASA) found 80% of employed U.S. adults see professional development and training options as an important consideration for accepting a new job. This viewpoint was reportedly consistent among all generations, with 79% of Baby boomers, 79% of Gen X, 84% of millennials, and 70% of Gen Z all agreeing that they use the availability of opportunities for professional growth to determine where they will rather work.
Employees look for several features in a new job before determining where they want to work. Of course, workers crave competitive salaries, psychological safety, paid and unpaid benefits, a great work-life balance, and a positive work environment created around an equally positive work culture. However, they also view professional growth as one of the necessities of choosing where to work and for how long they would like to work there.
When an organization offers numerous opportunities for their employees to grow and pursue their aspirations, they set a great brand identity, employer brand, and even work culture for themselves. This works magic at attracting talents- especially top talents- in the job market.
In a period where talents are incredibly difficult to come by and even more difficult to attract, doing all you can to gain a hiring advantage over your competition is essential to your success as an employer. If you intend to attract the best candidates, offering support for aspirations is a great way to go.
However, don’t just sell dreams and promises. Begin by creating a great corporate culture that actively pursues employee growth. This will serve as evidence to show talents that you are indeed invested in supporting your employees’ career aspirations.
Employee retention is one of the most significant benefits of supporting your employees’ aspirations.
Retention might be one of the biggest and most expensive problems that many businesses face. According to the 2021 Bureau of Labor Statistics report, the overall turnover rate was 57.3 %. Almost half of the employees reportedly left their jobs in search of something different that year alone.
There are numerous reasons employees stop working with an organization. Sometimes, the reasons are involuntary and employees are laid off or asked to resign. However, other times, employees choose to stop working with an organization for reasons such as not being valued, low pay, and in many cases, not being offered an opportunity for growth. A workplace survey reported that 94% of surveyed employees responded that if a company invested in helping them learn, they would stay longer.
In a time when the cost of replacing an employee is very high (reportedly as high as 33% of their salary), a company must do all it can to ensure employee retention is high. This will not only reduce the amount of money spent on replacing employees but also eliminate the need for investing time and resources into hiring a new employee.
By supporting an employee’s career aspirations, a business offers the employee the job satisfaction and security they crave. Employees will be happier and more engaged at their job, thereby feeling valued. As such, they will see no need to seek career advancement elsewhere, thereby ensuring they stick to the company.
- Increased Motivation
For many employees without the opportunity for the growth they crave, motivation can run low. This can be worsened when the employees see other workers reaching goals that they wish they can or will reach themselves.
Motivation at work is inextricably linked with engagement. When motivation is high, an employee tends to perform extremely well, getting engaged in their tasks and probably even volunteering to handle tasks. However, when motivation runs low, employees do what they can to get by. They are only interested in doing exactly what is required of them, not going over and beyond to provide extremely good results or work outside of their tasks.
Additionally, when an employee has no outlet or opportunity to reach the career goals they set for themselves, they lose interest in their jobs. This can lead to burnout, stress, and inevitably, resignation. This situation can be compared to a garden- if you give the plants the attention and care they need, they blossom. If you do otherwise, they won’t grow.
By offering employees the support they need to reach their career goals, you offer a value exchange that shows them that the harder they work, the more you invest in their growth. This serves as a source of motivation, helping them work harder at their tasks.
- Increased Productivity
Many employees that have a clear career aspiration often have a clear career pathway to match. Most importantly, when they are given the skills, training, and other resources to reach these career goals they set, they often know what to do with what they are given and how to increase their productivity.
Needless to say, employee productivity is essential to the growth of any company. It helps the company reach goals, create innovative solutions, provide exceptional customer service, and become successful in the long run.
By offering employees career-building opportunities, employees create mutual values and benefits. Helping their employees grow in turn helps the employees become more efficient at work. This efficiency reflects on the workers’ productivity, letting them use the company’s operation as a successful training ground to implement what these growth opportunities have taught them.
- Increased Profitability
All the benefits of supporting an employee’s aspirations often boil down to profitability for the company. Although this might take time and investment in the employees, a company that is dedicated to helping its employees reach their aspirations often boasts better revenue and profitability than their competitors.
Development and growth opportunities help employees to be more engaged at work. This increased engagement also helps the company work toward its mission and goals. By helping the company work actively towards its goals, employees can help the organization cross more milestones, many of which might be dedicated toward the organization’s profitability.
Additionally, employees will be more satisfied, engaged, and focused on their roles in the organization. This will keep expensive turnover to the minimum while motivating employees to work hard towards meeting the company’s shared goal or vision.
How You Can Support Your Employees’ Aspirations
There is no formula for how a company is expected to help its employees reach their aspirations. This is further challenged by the fact that every employee is unique and has unique professional dreams. Building a strategy that helps employees reach their aspirations should be entirely dependent on the company’s unique culture, employee dreams, employee needs, and available resources.
There are several ways a company can build a supportive environment for its employees to grow. Some of these include:
1. Take An Interest In Employee Careers
Show your employees that you care about their professional goals. Schedule regular meetings to ensure constant communication and become attuned to their goals. This will not only show that you value them but also help you understand the resources you need to offer to help them reach these goals.
While communicating, work with employees to create a career path to reach these goals. Identify specific milestones for achievement, the necessary resources to reach these milestones, and constantly check in with the employees to ensure these milestones are being met. Most importantly, keep a clear, open, and direct means of communication to facilitate the achievement of these goals.
2. Provide Training Opportunities
Continuous and effective training, workshops, seminars, and education are essential for the growth of an employee. Without these opportunities, it will be near impossible for employees to reach their goals. More importantly, these training sessions enable employees to meet and make friends with people that share similar goals.
Offer training opportunities according to what your employees’ aspirations are. These opportunities may be physical or virtual, depending on the available resources.
Encourage employees to actively pursue relevant business courses and workshops to nurture their needs. If the resources permit, invite mentors to help your employees along the way to facilitate the achievement of their career goals. Additionally, provide a medium for your employees to keep up with what’s happening in the wider industry. This will ensure they continue to learn and use what they learn in the real world.
3. Encourage Mentoring And Job Shadowing
Mentors are a great way to motivate an employee to actively pursue their aspirations. As such, creating formal mentoring programs is one of the best ways to support an employee.
Mentoring is not only an effective onboarding tool. It is a great way to transfer knowledge, offer guidance, and provide fresh perspectives on helping an employee to reach their career goals.
4. Rotate Employee Roles
Variety is one of the best learning tools you can offer your employees. Consider allowing employees to work in different skill-related jobs that may fuel their learning process. Doing this will offer your employees the opportunity to gain new skills, get access to new knowledge, and gain a better understanding of the business. It also fosters communication and builds rapport, thereby creating a sense of community at work.
Creating A Supportive Culture At Work
Supporting your employees’ career aspirations is not only the humane and moral thing to do as an employer. It is also a strategy that can bring numerous benefits to both the individuals and the organization as a whole.
Helping your employees achieve their career dreams helps solve a wide range of problems, including engagement, productivity, motivation, and retention. It also creates a positive employer brand, attracting top talent and positioning the organization as an employer of choice. By prioritizing the career aspirations of your employees, you can unlock a wealth of benefits and build a thriving, successful organization.