Core Insights - The report emphasizes that with 40% of today's skills expected to become obsolete within five years, career development is essential for business success [1][3] - Organizations are currently failing to support employees in navigating their career paths, leading to a gap between employee ambition and organizational support [3][4] Key Findings - A significant 40% of employees lack a career plan, and only 4% have a clearly documented path [7] - Only 20% of employees report that their managers assist in mapping out career paths, with just 15% receiving clear guidance from the organization [7] - There is a growing preference among employees for mentoring, internal mobility, and sponsored external courses over traditional training programs [7] - Awareness of available development opportunities is low, with 35% of employees globally unaware of such options [7] - The rapid pace of change driven by AI means that 39% of current skills will be outdated within five years, making effective career navigation critical for businesses [7] Recommendations for Organizations - Organizations should replace rigid career ladders with flexible career pathways to enhance employee growth [8] - Skills should be the foundation of internal mobility to foster a more agile workforce [8] - AI should be viewed as a strategic partner rather than a threat, integrating it into career development strategies [8]