Growth Opportunities Are Key to Employee Retention

By Roger E. Herman

It's no secret that employees value professional and personal growth opportunities. Here are some of the ways that forward-thinking organizations are attracting and retaining the best and the brightest people.

Succession preparation, not succession planning

Succession planning has taken on new importance in recent years, with the focus expanding from the senior executive(s) to division directors, middle managers, supervisors and even key non-management positions. Additionally, the emphasis has moved to succession preparation. Training and education, including shadowing and actual experience, are now considered part of the succession process. If people are not ready to move into new roles when the positions become open"for whatever reason"the succession plan is more a dream than reality.

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