Connect people to relevant opportunities based on who they are and who they are becoming "People Day demonstrates a commitment from SAP CEO Christian Klein and the executive board to continue prioritizing the development of SAP employees," said Carolyn Beal, senior director of solution marketing for SAP SuccessFactors HXM Suite. They attended sessions to connect with one another and focused on creating development goals and learning. All 100,000 SAP employees were encouraged to focus on their development instead of their routine work. It is therefore in every organization's long-term interest to provide time for employee development.įor example, earlier this year SAP had its first People Day. This year's unprecedented rate of employee resignations has made it clear that when workers are forced to choose between their current obligations and the potential for personal growth, they'll choose the latter. A LinkedIn Workplace Learning report found that the top reason employees felt held back from learning was that they didn't have the time. It's often challenging for employees to find time for personal growth and development without endangering their immediate duties. Employees should not have to choose between their short-term responsibilities and their long-term growth Solutions like the new SAP SuccessFactors Opportunity Marketplace can be a major boon to a company's culture and its bottom line. The opportunities need to be accessible, engaging, and - most important - personalized to the circumstances, interests, and aspirations of your employees. It can also help increase engagement, retention, and productivity by allowing people to create a career that aligns with their passion.īut simply offering development opportunities is not enough.
And, that trend doesn't seem to be stopping: A survey by Bankrate reports that 55% of employees plan to look for a new job within the next year, citing career development as one of the factors.įor companies hoping to retain and attract talent, providing ample opportunity for personal development can reduce not only turnover costs but hiring costs by better using and nurturing the potential of the talent they already have. This August marked the fifth month in a row of record employee exits. There are many reasons an employee might leave their position, but often they boil down to a core motivation: The employee feels that they can find greater opportunity elsewhere.