This Summer I had the opportunity to attend a series of breakfast round tables for L&D and HR leaders, hosted by Learn Amp and Culture Consultancy.
A recurring theme during these events was the shifting landscape.
The traditional notions of well-defined career paths and promotions were quietly making way for a new focus – one that centres on fostering skill development and creating growth opportunities for employees.
This transformation holds particular significance in the quest to keep younger employees engaged, as they consistently ask, "What's next?" The secret sauce, it seems, lies in the world of skills.
A recurring solution discussed throughout these events was the adoption of a progression framework, allowing employees to take a sidestep into complementary roles, offering a real sense of skills progression even when a vertical promotion isn't on the horizon.
The one-size-fits-all approach no longer resonates with the desires and expectations of today's workforce, particularly the younger generation, who tend to ask, "What's next?" The answer is no longer just about promotions on a predetermined career trajectory – it's about providing avenues for skill development and horizontal growth.
Instead of being fixated on climbing the corporate ladder, employees place a premium on acquiring and honing their skills, exposing them to more career options than ever before.
Skill development empowers employees to navigate the ever-changing landscapes of their job roles and adapt to the evolving demands of their industries.
It amplifies their capacity to make substantial contributions to the company's mission and objectives.
Plus, for businesses, fostering a culture of skill development is a tool for retaining talent. Employees tend to stick around when they recognise that their employer values and nurtures their professional growth.
An exciting concept gaining momentum in HR circles is horizontal skills development.
This revolves around enabling employees to diversify their skill sets and shift laterally into complementary roles within the organisation. Essentially, it offers employees pathways for growth that don't necessitate climbing the corporate ladder.
Here are some key elements that make horizontal skills development a compelling strategy for nurturing employee growth:
To put horizontal skills development into practice, a strategic approach is crucial:
As the HR landscape undergoes a significant transformation, with a renewed focus on skill development and horizontal growth opportunities, companies are better equipped to engage and retain their workforce, particularly the younger generation.
The conventional career ladder may not be entirely forgotten, but it's evolving into a more flexible, skills-centric approach.
Conversations with peers and engaged customers have underscored the importance of embracing horizontal skills development, empowering employees to continually learn, adapt, and thrive in an ever-evolving business environment.
Discover how Learn Amp can help you lead the way in skills development with our suite of skills management and development tools. It's a step towards a future where your employees thrive, and your organisation flourishes.
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