Skip to Content

The Importance Of Providing A Clear Career Path For Your Employees

The Importance Of Providing A Clear Career Path For Your Employees
Tuesday, November 13, 2018

From retail stores to recruitment firms, there is a very similar “agreed upon” career path for the employees at most businesses. This means that almost all staff know what their promotion prospects are and, in most cases, they know what they need to do to give themselves a chance to be considered for a higher role.

This is what that career path looks generally like:

  1. Entry level (learning about how the role works and how to do it effectively)
  2. Competent at the basic role (can perform their tasks without guidance)
  3. Low level responsibility (keyholder/assistant manager)
  4. Medium responsibility (full manager of a store/branch)
  5. High responsibility (area manager/director)

So far, so familiar.

What is the problem with this model?

The businesses which adopt this model of career progression may be restricting their own ability to adapt and to change in the future. This path offers few if no options for career specialisation or company diversification – there is little space to innovate either for the good of the employee or the good of the company.

Boredom, lack of variety, and lack of challenge often leads employees to become unmotivated in the workplace. Not only will this have an adverse effect on their productivity but moods spread -  if someone is always moaning about the fact it’s the “same old same old” everyday, others will pick up on that and feed from it.

How can it be improved?

There are three principles you can apply to your business to become more dynamic when promoting your employees.

Allow your employees to specialise

Everyone is good at something and some people’s skills lie in different places. If one of your employees has shown a particular talent in an aspect of their work, reward them by promoting them to a position where they can spend more of their time working with this talent.

For example, if you work in a retail shop that buys and sells computers and you have one employee who has shown aptitude and talent in fixing broken computers. To promote them to a managerial position, while nice, would completely disregard their talents and the value they could add to your business.

In order to properly get the most out of them, consider allowing this employee to specialize and spend more time fixing computers, instead of forcing them down a linear career path. There may be a whole new division created from your business because you noticed that someone had that talent.

Create a meritocracy in your business

A meritocracy is a way of selecting people to lead based on their individual merit – and nothing else. This means that those who are selected to lead are up to the job, based on a proven track record.

Don’t promote people based on their educational background or their time served at your company as this will certainly result in a business whose management team will appear to be out-of-touch with its staff.

In order to have a manager that understands their employees’ day-to-day roles, they need to have demonstrated excellence in those roles as well as the leadership qualities needed for management.

Allow your business to develop with your employees

As a business owner, you’ll have a vision for where you want to take your company in the future. This vision can include the services you want to provide, the people you employ, the number of outlets you have, and so on.

However, rigidly sticking to this vision compromises your ability to adapt to the factors that you can’t control. For instance, what if you can’t find someone who is crucial to providing the service that you want to?

The way to overcome this hurdle is through developing your business in parallel with your employees. Look at their skills and abilities and see how you can monetise them.

Looking back at our computer retail shop example from earlier - the business owner in this scenario could focus their business more around computer repairs than the sale of new computers in order to capitalise on the skills of that particular employee.

This would result in a higher turnover because you have the capacity to deal with more complex issues in an area you had not initially expected to be dealing in.

We can help

If you want your business to be flexible, you need to keep an eye on your finances. Each change you make can have effects on your cashflow and the balance of cash you have in your business as a whole. To make sure that you aren’t caught off-guard, contact one of our professional accountants.

Call us on 01235 768 561 or drop us an email to enquiries@pantheraaccounting.com – we’ll be back in touch with you shortly.

What our clients say

For us, there is nothing better than a happy customer. Here are just a few that let us know how much we mean to them.

Pete Dungey

Simple, efficient and most importantly, hassle-free.

We found Panthera via our search for a Xero expert. We knew the software we wanted to use, and needed a forward-thinking accountancy partner who could get us up and running, and teach us the ropes moving forward. Tory and her team have always been on hand to answer our questions, and help us to grow as a business, particularly during periods of big change, such as becoming VAT registered. They are always on hand to alleviate any concerns and help to keep our records in order, which makes our year-end accounts an absolute breeze! Being based in Bristol, our relationship is entirely email based, alongside one consolidation meeting at year end - this keeps things simple, efficient and most importantly, hassle-free.

Pete Dungey Kaleido Grafik Limited
Anita van Eijndhoven

Talk Our Language

The support and service we receive from Panthera Accounting is very good. Everything from regular meetings, a prompt e mail response and the transition of our Xero software (which we find very pro active indeed) has and is all remarkably efficient. We find Panthera talk our language and make any process as painless and easy as possible.

Anita van Eijndhoven Quidne-IT
Ash & Tim Lane

Panthera brush aside the stereotype of the typical accountant

We got in touch with Panthera Accounting by way of a recommendation; we haven't looked anywhere else since. They are an extremely professional yet relaxed group of people. We were slightly daunted by the idea of accountants but Panthera brushed aside y the stereotypes. They are very understanding when answering any questions we may have. They are completely efficient, offer sound business advice, and are fantastically priced. We will continue to recommend them.

Ash & Tim Lane Starveacre Fencing
Jayne Johnson

An Asset to my Business!

The whole team at Panthera are great! Working with them has been a huge support to my growing business. They help me to understand the numbers I need to know. They give me technology solutions like Xero so that I can process things quickly and have access to my own figures. They are quick to reply, highly knowledgeable, nothing is too much trouble and as well as making sure that everything is compliant and on time, they are enthusiastic, professional and fun to work with.

Jayne Johnson Better People
John Baker

Absolute joy - they provide a first class service on every level

Working with Tory and the team at Panthera is an absolute joy - they provide a first class service on every level; from simple Xero issues through to more complicated tax enquiries, they’re always on-hand to help me get it right. I’m certainly not their biggest customer, but I’m always made to feel like their most important one.

John Baker BKR Solutions
John Castle

Professional and Friendly

I would like to say that Panthera Accounting have helped me with my business accounts for more than 4 years now. They have consistently offered an excellent competitively priced service that works both professionally and in such a friendly way that I would highly recommend them to everyone considering using their services.

John Castle Ilexanna Limited & Birch Castle Homes Limited
Jonathan Morrison

They are always there to answer queries and sort out issues

I had been with Mr Dunn for 20 years when upon his death Panthera took over the business. They now play a bigger part in the running of my business, they do all the stuff that has to be done but I don't like doing ie book keeping, VAT, wages, and returns. They are always there to answer queries and sort out issues and make sure all Tax deadlines are met. Their costs are fair, service is great and I have and would highly recommend them.

Jonathan Morrison Wallingford Builders
Pippa Scott

Professional, friendly and personal service.

Panthera Accounting have gone above and beyond the call of duty to guide and support our Company. They offer a professional, friendly and personal service that can take the stressful and sometimes frightening feelings out of running a business. They have guided us through the working of Xero and have offered “teaching sessions” on the day to day running of the accountancy package. Our only regret is that we didn’t join their team earlier.

Pippa Scott Scott's Commercial Services Limited
Sara Southey

Panthera puts the personal back in to accountancy!

Tory and her team have provided a friendly, approachable and helpful service from the start. They have delivered a quality service, above and beyond anything I could have expected. Panthera, with the help of the Xero package, have taken the stress, strain and confusion out of managing my company and personal accounts. I look forward to working with them for many years to come.

Sara Southey Bluestones Garden Design
Tracey Miller

Panthera are fantastic.

Panthera are fantastic. Always professional, going the extra mile for their clients and delivering superb service. I recommend them all the time to my clients.

Tracey Miller Bigger, Brighter, Bolder BBB

Contact Us

Panthera will use the details that you have entered into this form to communicate with you on the subject of your message, and for no other purpose.
Please see our privacy policy for more details on how we manage your data.

Lets Get Started

Not Currently A Client?

Moving to Panthera is as easy as 1,2,3...

  1. We jump on a quick call to create the perfect service package for your business
  2. You e- sign your terms of engagement
  3. We get your authority to talk to HMRC on your behalf

And that’s it! From contacting your previous accountant, to updating Companies House with your new registered office address, let us handle all of the admin so that you can get on with running your business, safe in the knowledge that everything is going smoothly in the background.

Talk to Us