Purposeful Talent Development: Career paths are more important now than ever

Career paths create a way that employers can show employees that they are not stuck in a dead-end job and instead have opportunities to learn, develop and grow.

Career pathing starts with employees identifying their career goals, this information is then cross-referenced with their current position and the skills necessary for success in both positions.  What skills are they proficient in, what skills do they need to develop further? The answers to these development questions are then included in a development plan toward getting a promotion.  In other cases, career paths give employees opportunities to broaden themselves and potentially make a lateral career move. Career paths can also offer staff members a way to pursue something they are passionate about.

Some key reasons that your credit union might want to make the effort to create and maintain career paths for every team member include creating more career goal transparency in the organization, developing people so you’ll have the skills you need within the credit union, building your employer brand and supporting your succession planning efforts. Those ideas have been around for a long time but challenges around execution within these areas have also existed, and still do.

 

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