Employers focusing on creating opportunities for key talent are working to implement career frameworks within their organization to help identify paths that prepare workers for leadership roles, according to a recent Career Framework Practices Survey published by Mercer.
This framework process connects career levels and salary, and can be an important tool in an organization's succession planning. The study, featured in CCH Daily Document Update, emphasized the value that companies attributed to implementing a career framework. "By connecting frameworks to multiple programs like rewards, performance management, and training and development, employers can identify how much to invest in specific initiatives to achieve the desired level of return," said Tonushree Mondal, North American Leader for Mercer's Leadership and Organization Performance practice. Read more.