When results from Life & Specialty Ventures’ annual employee survey came in, a few problem areas quickly came to the fore: Employees were not satisfied with the company’s professional development efforts.
Workers also didn’t feel like their immediate supervisor provided them with timely and helpful feedback. And they didn’t see the Little Rock, Arkansas-based employee benefits provider supporting their learning and development.
To avert this harbinger of employee disengagement and turnover, in 2015 the organization’s learning department developed Pathway to Leadership, a 10-month development program designed for consistent and high-performing employees who are in non-management roles. Pathway to Leadership develops the skills needed for employees to become future leaders at the company. As part of the program, participants develop management knowledge, skills and abilities, and receive structured mentoring.
In its inaugural year, when 22 participants completed the program, half of them were promoted to higher positions. Participants reported a high level of satisfaction with the program, and lately, organizationwide, Life & Specialty Ventures’ more than 500 employees have reported improved satisfaction with the company’s professional development activities.
For its work empowering and preparing high-potential employees with a clear path toward future leadership, Life & Specialty Ventures is the 2016 Optimas Award Silver winner for Training.