The president of a large company is planning to retire soon.

Career Development: Developing a career path and development plan for each candidate demonstrates the organization's commitment to their professional growth, reducing the likelihood of them leaving if not selected.

Employee Retention: This approach helps retain talent by providing clear opportunities for advancement and personal development within the company, addressing potential feelings of disappointment or resentment.

Transparency and Fairness: Clearly communicating development opportunities and career paths ensures transparency and fairness in the selection process, which can help mitigate negative reactions.

Future Opportunities: By focusing on the long-term career growth of all candidates, the organization shows that it values their contributions and sees potential for their future roles, fostering a positive and supportive work environment.

References:

SHRM, "Talent Management Strategies for Employee Retention," available at SHRM.org.

SHRM, "Creating Effective Career Development Plans," available at SHRM.org.