We believe the growing traction of career planning is good news. After all, as we'll see below, our participants believe career planning has a positive and powerful impact on important areas of talent management. When managers invest time in career planning, their actions speak more loudly than their words ever could. These actions help prove they are committed to long-term employee success. Collectively speaking, however, we are not there yet. Career planning initiatives still face many challenges.
Assessments can help improve decision-making by developing actionable data about employees' behaviors, strengths, areas for development and readiness for promotion. So, are they used in the area of career planning?
So, how will firms fill these gaps? Our research shows that the top answer is "internal hiring." For these organizations, especially, career planning is key to long-term performance. Without good planning, internal talent pools are likely to be substantially smaller.