CAREER PLANNING & PATHING: HOW TO DEVELOP A STRATEGIC VISION

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Frequently Asked Questions

Career Planning & Pathing:
How to Create a Strategic Vision
Kurt Jones, Director of Product Marketing
SumTotal Systems | August 2019

66
Today’s Agenda
•  Understand the current market situation
•  Identify expectations employees bring to their jobs
•  Critical importance of career development within your
talent development strategy
•  Roadmap to enabling career planning & pathing at your
organization
•  Bottom line impact of well executed career development
strategy

77
Poll Question #1
How significant a priority is Career Planning & Pathing at your organization?
1.  High priority
2.  Medium priority
3.  Low priority
4.  Don’t know

What Does the Talent Market
Look Like Today?

99
Historic Labor Shortage
Source: US Bureau of Labor Statistics

1010
Historic Labor Shortage
June 2019
3.7%

111111
Impact on Your Organization
•  New hires cost more
•  Impact internal equity
•  Loss of institutional knowledge
Source: Federal Reserve Bank of Atlanta

Retention is your best Talent
Acquisition strategy

1313
Who is in your workforce and what do they expect?
Baby Boomers
1946-1964
•  Retiring in significant
numbers
•  Strong work ethic
•  Organization loyal
•  Prefer face-to-face
communications
Gen X
1965-1979
•  Define success through
title/position
•  Independent
•  Value diversity
•  Lack organizational
loyalty
Millennials
1980-1995
•  Technology literate
•  Distrust traditional
hierarchy
•  Value flexibility &
control
•  Little/no organizational
loyalty
Gen Z
1996-2012
•  Entering workforce
•  Technically integrated
•  Global
•  Desire flexibility
•  Low Org loyalty
•  Fiscally conservative
75% of
Workforce
by 2025

141414
Redefining Careers
A career is now a
series of
developmental
experiences, leading
to growth, not always
promotion

1515
94% 87% 90% 68%
Benefits
Measuring Success
94% of employees would
stay at a company longer
if it invested in
their career development
87% of millennials say
development is
important in a job
compared
to 69% non-millennials
90% of executives say that
learning and development is a
necessary benefit to the
employees at the company
68% of Executives
agree that Retention is
a good measure for
L&D success
Make Career Development and Growth Transparent
Career Development
Meeting Expectations
Source: LinkedIn 2018 Workforce Learning Report

Career Planning vs. Career Pathing

1717
Career Planning vs. Career Pathing
Career Planning
•  Traditional linear paths
•  Company/Manager driven
•  Dependent on whose
ahead of you
Career Pathing
•  Journey not a destination
•  Employee driven
•  Dependent on how quickly
you can attain new skills

1818
Poll Question #2
What is your biggest challenge in executing a robust Career planning & pathing strategy?
1.  Budget
2.  Lack of tools to execute
3.  Understanding how to execute/need roadmap to build this capability
4.  Lack of Leadership support/buy-in
5.  None of the above, we have a strong strategy in place now

Roadmap to Enabling Career Development
at Your Organization

2020
Step One: Individual Employee Profile
Build an Employee Profile that details where they
are today
Must include:
1.  Skills/Competencies
2.  Education
3.  Experience

2121
Step Two: L&D Plan for Today
To be successful in today’s role this employee must be
proficient in specific skills & competencies:
1.  Based on Employee profile identify required skills
gaps, identify training
2.  Manager input on skills gaps, recommend training
3.  Continuous onboarding
4.  Development plan executed through LMS or
learning solution

2222
Step Three: Identify Next Step
Based on traditional progression:
1.  Job description with associated skills &
competencies
2.  Visual dashboard of Development Plan
learning solution
4.  Ongoing coaching as part of Performance
Management process

2323
Step Four: Identify Aspirational Role
To be ready for a “dream” role, this employee must be
proficient in:
1.  Identify skills/competency gaps; assign associated
training
2.  Ongoing coaching as part of Performance
Management process
learning solution

2424
Make the Journey Clear to Your Workforce
Data Analyst to Data Scientist

2525
Make the Journey Clear to Your Workforce

ROI of a Well Executed
Career Planning & Pathing Strategy

2727
Benefits of Career Pathing
Improved Employer Value Prop (EVP)
Increased employee engagement
Internal mobility
Cost savings

2828
If you build it, they will grow…and so will your organization
“You have brains in your head. You have feet
in your shoes. You can steer yourself any
direction you choose.”
― Dr. Seuss, Oh, The Places You'll Go!

sumtotalsystems.com
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U.S. and Canada: +1 352 264 2800 | U.K. and Europe: +44 (0) 1189 315 777 | Asia Pacific: +91 (0) 40 6695 0000
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THE BUSINESS CASE FOR LEARNING & DEVELOPMENT
AND HOW COMPANIES ARE DEVELOPING EMPLOYEE
SKILLS FOR THE NEEDS OF TOMORROW
Wednesday, August 14, 2019
Webinars start at 2 p.m. Eastern / 11 a.m. Pacific
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CAREER PLANNING & PATHING: HOW TO DEVELOP A STRATEGIC VISION

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