Today’s “best places to work” already prioritize their employees’ long-term success and career growth. Fortunately, the rest are starting to catch on. Survey data from LinkedIn shows that corporate investment in career development programs is at an all-time high, with over half of HR teams expecting to dedicate more budget to them going into next year.
In the context of work, development refers to the process of improving, honing, or expanding an employee’s skill set to achieve a certain aim. In most cases, that aim is a promotion, lateral move, or ownership over a project. It might be as simple as becoming a more well-rounded professional. At some companies, there are dedicated roles or even entire teams responsible for facilitating development. But why are all these companies making it such a priority?