[Global] Lack of opportunities is most significant career growth barrier

New research has found that a lack of opportunities is the top barrier to career advancement, HRD reports. 

The new report, from ADP, revealed how career progression is becoming an employee priority.

ADP surveyed nearly 38,000 workers globally. It reportedly found that 19 per cent of employees blame a lack of opportunity for their failure to get ahead in their careers.

Lack of advancement also increases risks for employers' retention plans, the report said. It found that 34 per cent of employees who can't find an opportunity to advance at their current employers are actively looking or interviewing for a new job.

"It should come as no surprise to managers that ambitious employees are more likely to be looking for new opportunities," the report read.

It warned that workers who believe they need to change employers to get ahead were 2.6 times less likely to consider themselves highly productive.

In a statement, Nela Richardson - chief economist at ADP - said, "The workplace impact of limited career visibility isn't just employee disengagement – it's lost productivity, diminished innovation, and higher turnover." 

However, employers who can offer career advancement are likely to be rewarded with a more loyal workforce, according to the report.

"For people who are keen on landing more responsibility or pay, that ambition influences other decisions," the report read.

"Workers who saw ways to advance in their current job cited that opportunity as their top reason for sticking with their employer."

The report found that opportunities for career advancement were ranked above other factors that can make employees remain in their role, such as flexibility, training and skills development, and even bonus pay.

Source: HRD

(Link and quotes via original reporting)

New research has found that a lack of opportunities is the top barrier to career advancement, HRD reports. 

The new report, from ADP, revealed how career progression is becoming an employee priority.

ADP surveyed nearly 38,000 workers globally. It reportedly found that 19 per cent of employees blame a lack of opportunity for their failure to get ahead in their careers.

Lack of advancement also increases risks for employers' retention plans, the report said. It found that 34 per cent of employees who can't find an opportunity to advance at their current employers are actively looking or interviewing for a new job.

"It should come as no surprise to managers that ambitious employees are more likely to be looking for new opportunities," the report read.

It warned that workers who believe they need to change employers to get ahead were 2.6 times less likely to consider themselves highly productive.

In a statement, Nela Richardson - chief economist at ADP - said, "The workplace impact of limited career visibility isn't just employee disengagement – it's lost productivity, diminished innovation, and higher turnover." 

However, employers who can offer career advancement are likely to be rewarded with a more loyal workforce, according to the report.

"For people who are keen on landing more responsibility or pay, that ambition influences other decisions," the report read.

"Workers who saw ways to advance in their current job cited that opportunity as their top reason for sticking with their employer."

The report found that opportunities for career advancement were ranked above other factors that can make employees remain in their role, such as flexibility, training and skills development, and even bonus pay.

Source: HRD

(Link and quotes via original reporting)