Peter Howes, Vice President, SuccessFactors discusses what he feels is one of the biggest challenges facing HR: what is a career? A career is a combination of projects, experiences, horizontal shifts, and promotions.
- At any given time, 50-60% of employees will never get promoted again.
- Organizations that only focus on turnover rates overlook their long term employees who may become “retired” on the job.
- An organization should make 4 transfers(horizontal movement) for every 1 promotion(vertical movement).