Horizontal vs Vertical Career Pathing: How to Make Promotions Work
Receiving a promotion is the epitome of an employee’s growth and success, but many companies are misusing promotions. As high performers reach their peak, they’re being promoted to managers solely based on performance. This type of career pathing is creating a domino effect in companies. The newly promoted managers often do not have the skillset to manage, therefore their employees become disengaged and your bottom line starts suffering more and more. How can we stop this domino effect from happening? Join Tiffany Kummer from BizLibrary as she explains her strategy for career pathing using two different approaches, vertical and horizontal. Not everyone is meant to manage (or wants to), and that is okay. Tiffany will show you how you can still advance your high performers without putting them and your company in an unfavorable position.
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Horizontal vs Vertical Career Pathing: How to Make Promotions Work
- 2. Presenting Today Tiffany Kummer Director of Sales Strategy BizLibrary Katie Miller Moderator BizLibrary
- 4. Source: ADP, The ADP Research Institute® 2019 State of the Workforce Report: Pay, Promotions and Retention https://www.adp.com/resources/articles-and-insights/adp- research-institute/research-topics/-/media/62FB03253C3B4B80A2EE73EB8EC29B82.ashx Turnover rate for teams with a promotion Turnover rate for teams without a promotion
- 13. HIGH POTENTIAL LEADERS are ALWAYS TOP PERFORMERS, but TOP PERFORMERS are not always HIGH POTENTIAL LEADERS
- 16. L&D is the key to successful promotions • Build emotional intelligence • Increase soft skill performance • Increase job-specific performance • Help create coaches and improve coachability • Improve management skills
- 17. How can L&D professionals make an impact? Lunch & Learns Setting Up Playlists Incorporating L&D Into Your Company Culture Getting recognition by executives, so you get a seat at the table
- 18. Key Takeaways • How to use career mapping and the Peter Principal to learn the skillsets of high individual contributing performers vs. high potential managers • A company needs both types of employees, and the dangers of only offering one path for all employees, especially right after an economic downturn. • The different steps to create unique development plans for new managers and high performers • L&D and HR professional’s role in making both career paths successful
- 19. Questions?
- 20. Enhancing Productivity With Remote Workers: Managing Remote Workers During this video lesson, viewers will learn key tips for managing remote workers. In addition, learners will come to understand how to set ground rules and expectations for remote working, ensure remote workers are appreciated, and keep remote workers in the loop.
- 21. Learn How BizLibrary Can Help Your Organization! To schedule a free demo, click the link in the chat. www.bizlibrary.com
- 22. Thank you for attending! Katie Miller Moderator BizLibrary Tiffany Kummer Director of Sales Strategy BizLibrary