Question

Your company decided to review the exit interviews from the past two years for the finance department to determine the reasons why turnover was higher than other departments. From the analysis of the interviews, the HR consulting firm found that exiting employees for the most part left for a promotional opportunity in other organizations. It was suggested that a formal career counseling program be implemented to reverse the perception of lacking promotional opportunities. Which answer best describes the kind of program HR will be developing?

A. Knowledge management program B. Succession planning program
C. Career pathing program
D. Talent management program

Answer 1

The best description of the HR program suggested for addressing the high turnover in the company's finance department is a Career pathing program. The program focuses on mapping out clear advancement paths within the organization and helping employees understand the steps needed for professional growth. Hence, the correct answer is option (C).

Step-by-step explanation:

The HR consulting firm recommended implementing a formal career counseling program to address the perception of lacking promotional opportunities in the company’s finance department. The best description of this kind of HR program would be a Career pathing program, option C. This program would likely consist of establishing clear career trajectories within the company for employees to follow, mapping out advancement options and the skills or experiences necessary to achieve each level. It is designed to aid employees in understanding their career goals and to plan their career development within the organization.

Recruiting and retaining employees, especially millennials and Generation X, can be challenging due to their different expectations and decreased sense of loyalty compared to previous generations. To engage these groups, meaningful work, frequent feedback, and clear opportunities for advancement are important. A career pathing program can serve to motivate employees by helping them visualize a future with the company and understand the available pathways for professional growth.