Career Development Programs Poised for Big Expansion in Use, Says Study

When it comes to rewarding employees above and beyond base salaries, companies are prioritizing career development, more than other alternative rewards, benefits, and bonuses, according to new research.

Across all employee levels, career development programs are most likely to expand in use over the next year as employers focus on engaging and retaining employees, says the research by the Hay Group Division of Korn Ferry.

Nine in 10 organizations surveyed in Hay Group’s recent study employ alternative methods of rewarding employees, including career development programs, as part of their human capital strategy, says a press release.

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