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how career conversations can retain talent
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how career conversations can retain talent

In today’s economic climate, businesses are increasingly focused on engaging their workforce and supporting their career aspirations. With a reduction in the number of job vacancies, companies are prioritizing internal talent development to meet skills requirements.

Employees are increasingly planning their career moves, but surprisingly few are exploring opportunities within their current company. HR leaders should take note, says LHH: “Failure to connect and fuel internal growth can lead to an exodus of key talent as soon as the labor market improves. Providing opportunities for employees to advance internally can not only boost retention, but also encourage a more engaged and motivated workforce.”

Employee retention is a key concern for many business leaders, and organizations are increasingly turning to skills development as a primary strategy to address and engage with their workforce. However, simply providing learning opportunities is not enough. Companies must cultivate a culture of continuous development, encourage the internal movement of talent, and ensure that employees have the resources and support to develop within the organization.

Career coaching plays an essential role in this. It’s not just about identifying skills gaps; employees need to understand how to navigate internal roles, network and take advantage of these opportunities. With many career paths not reflecting a traditional, singular, upward progression, the support and guidance provided by employers must reflect the diverse interests of the workforce.

Line managers are key to supporting this process by having regular career conversations, supporting them in realizing their career aspirations and aligning those aspirations with internal opportunities within the organisation. LHH says: “Line managers are uniquely positioned to support internal mobility. By connecting employees with short-term projects or exposing them to different areas of the company, they can help build reputations and skills that can lead to new roles.”

However, some managers resist because they fear losing their best talent. LHH says: “The key is to create a culture where helping employees develop is seen as a positive and managers are rewarded for promoting career development.”

In today’s rapidly evolving workplace, internal mobility programs, career coaching, and supportive leadership are no longer optional—they’re essential for retention. When companies allow employees to take charge of their development, they create a stronger, more loyal workforce that is ready to face the challenges ahead.

LHH specializes in career transition and development, leadership development and recruitment solutions. Visit lhh.com/uk for more information.