Do you want a more engaged and productive workforce? You’re not alone—all managers do! To achieve this, managers can help employees realize and reclaim their lost dreams through tailored career development programs. This Idea offers four practical strategies to help you do this.
How can companies help their employees reclaim lost dreams—in both professional and non-professional contexts? Those companies able to do so will go a long way towards addressing some of the problems currently confronting not only their organizations, but society in general.
A ‘dream’ can be described as a possibility that a person imagines for his/her work or non-work life, which ideally should generate excitement; but for many, their dreams mean nothing more to them than a distant reality. Few people can be said to be ‘living the dream’ today.
Companies that help people pursue their dreams tend to be more successful at retaining their most talented employees; moreover, they also demonstrate a better track record on new product development and innovation.
In Monica Higgins book, Career Imprints: Creating Leaders Across an Industry, Higgins points to companies such as Merck, Bristol-Myers Squibb, Baxter and Google who have historically provided plenty of career and leadership development activities and opportunities to their employees. The success of these companies, says Higgins, is no coincidence.
Location also has a major impact on the general nature of people’s career dreams. A survey of what career success means for white and blue-collar workers in 11 different countries is considered in the original article, attached. The countries were: Austria, China, Costa Rica, Israel, Japan, Mexico, Serbia, South Africa, Spain, the UK and the US. The survey showed that the importance of factors ranging from job satisfaction, financial rewards and work/life balance tends to vary from country-to-country.
Four main strategies can be adopted by companies to help them formulate career development programs that take into account a whole-person perspective. Such programs can also use ‘the dream’ as a window into individualized meaning. In brief, these strategies are as follows:
In addition, managers need to take note of country characteristics to determine culturally contextualized dreams (where applicable). This is particularly important for companies that seek to lead a global workforce. They must understand the role of national culture—as well as other external socio-cultural factors including age and other demographics—in determining individual career behaviour.
Ideas for Leaders is a free-to-access site. If you enjoy our content and find it valuable, please consider subscribing to our Developing Leaders Quarterly publication, this presents academic, business and consultant perspectives on leadership issues in a beautifully produced, small volume delivered to your desk four times a year.
For the less than the price of a coffee a week you can read over 650 summaries of research that cost universities over $1 billion to produce.
Use our Ideas to:
Speak to us on how else you can leverage this content to benefit your organization. email@example.com