{"id":464390,"date":"2021-03-24T11:33:15","date_gmt":"2021-03-24T15:33:15","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=464390"},"modified":"2021-03-24T11:33:15","modified_gmt":"2021-03-24T15:33:15","slug":"paycor-announces-new-career-management-solution","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/paycor-announces-new-career-management-solution\/","title":{"rendered":"Paycor Announces New Career Management Solution"},"content":{"rendered":"

\nNew Solution from Paycor Helps Business Leaders Coach and Retain Their Workforce
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CINCINNATI, March 24, 2021 (GLOBE NEWSWIRE) — Human Capital Management (HCM) company Paycor<\/u><\/a> today launched Paycor Career Management<\/a>, a solution that gives Human Resources (HR) and business leaders the ability to structure and execute succession strategies that will drive employee engagement, remove the complexity from succession planning, and improve overall business outcomes.<\/p>\n

Employees want more growth and development opportunities and the main reason they leave companies is because\u00a0they\u2019re not getting enough of it<\/a>. According to the 2019 Deloitte Global Human Capital Trends report<\/a>, “To fuel growth, organizations need to more effectively tap their current workforce to identify and deploy people with the required skills, capabilities, motivation, and knowledge of the organization, its infrastructure, and its culture. Creating better programs to facilitate internal mobility can pay off in multiple areas: growth, employee engagement, and business performance.” But, Deloitte continues, not all companies do internal mobility well. Oftentimes, employees lack a clear understanding of role expectations from their managers or the organization. This misalignment of expectations can lead to incorrect feelings of personal progression and ultimately harm career development.\u00a0<\/p>\n

Paycor Career Management gives employees support and the opportunities they are craving for their career development resulting in increased employee efficacy, increased perception of value, and ultimately reducing turnover. Companies remain competitive by developing and retaining their employees which is\u00a0six times less expensive<\/a>\u00a0than replacing them. Paycor Career Management provides companies a way to create better career strategies, facilitate internal movement, and identify talent risks. Managers and employees can clearly define role responsibilities and set expectations together so that employees receive feedback that\u2019s specific to them and their growth plan.<\/p>\n

\n Key product features include: <\/strong>\n <\/p>\n