Joensuu (FI), June 2023 - Valamis are pleased to announce the launch of a brand-new product that will take learning, development, and skills management to the next level. CareerBurst is a career development and planning solution designed to empower employees to drive their own careers from within your organisation.
CareerBurst is a brand-new solution and an add-on to the Valamis complete learning solution. It is an exhaustive set of tools to drive employee retention from within your organisation and has been designed to shift the mindset of your talent pool from thinking, "Where is my next career move?", to "What are my career goals within my current organisation and, in practice, how do I get there?"
Unique in its self-driven approach, CareerBurst encourages a culture of growth within your company whilst reducing talent turnover and increasing employee engagement.
When it comes to managers, CareerBurst addresses the fact that only the lucky few will ever receive structured training to support their teams' aspirations within a company. It includes a tool kit for managers and mentors, plus advice and guidance on how to support people in achieving their goals (however big or small). In addition, managers are supported on how to hold meaningful career conversations with their team and guided through the follow-up process of putting a career development action plan in place.
What is the problem and why was it created? It's no secret that neglecting career development plans, coaching, and mentoring leads to high employee turnover, whilst investing and encouraging employee development has proven links to success. Providing career development for talent retention is now one of the hottest topics in our industry.
- LinkedIn found that 94% of employees would work for a company longer if they invested in their learning and development.
- For ten years, the Work Institute has ranked career development concerns as the number-one reason employees leave organisations.
- A Gartner survey of more than 3,300 employees conducted in March 2022 revealed that fewer than one-third of employees know how to progress in their career over the next five years. The survey confirms that many employees cannot rely on their managers for help - with only 50% of employees reporting that their manager tailors feedback based on the role they want to move into.
"Employees are leaving their current employers for better professional development opportunities (45%), at similar rates as they leave for higher compensation (48%)," said Vitorio Bretas, Director Gartner HR practice. "Thirty-five percent of employees surveyed said they left their employer for better career trajectories."
With twenty years' experience in the learning technologies market, it's a subject that Valamis is very familiar with and looked to provide a solution for as part of its holistic, joined-up approach to learning.
In seeking to answer the cry for talent retention help, Valamis CareerBurst was introduced as the only research-based tool on the market that takes this approach to internal talent management. It helps managers to appreciate the skills and talents that people already have, and what they enjoy doing at work. As well as strengths, it explores weaknesses with a view that they are something to be built upon to add value to the business.