9-5
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a. Early identification of individuals with exceptionally high career potential
b. Use 80% rule for internal auditing
5. Succession planning
a. Review of top executive talent and identification of backups
b. Creates a “talent pipeline”
c. Useful at all managerial levels
d. Critical for small businesses long-term success
e. Involves examination of long and short term plans
f. Creates a positive impact on organizational results such as profitability
g. Benefit in increased commitment and retention
h. Programs need top management support
F. Developmental Programs
1. Consists of skills assessment and training programs
2. Job Sampling
3. Mentoring, establishing relationships between jr. and sr. colleagues or peers
a. Meta-analysis results support mentoring
4. E-mentoring
a. Research identifies advantages and disadvantages associated with e-mentoring
vs. face-to–face
b. Technology advances allow for efficient and cost effective way to mentor
VII. Career Programs for Special Target Groups
A. Fast-track employees – organization identifies “stars” and give them rapid and
intensive developmental opportunities
B. Outplacement programs – assist terminated employees in making the transition to
new employment
1. Higher levels of outplacement support had a greater likelihood of reemployment,
and higher salaries in new jobs
2. Also important to provide assistance to survivors of downsizing
1. Offer buyouts
2. Provide portability of benefits
3. Provide ongoing career counseling
4. Offer tuition reimbursement
5. Implement staged retirement programs
6. Allow job rotation
7. Plan for phasing out jobs vs. elimination
8. Emphasize importance of learning throughout organization