Why a 70-20-10 Career Development Plan is Crucial for Your Professional Growth
As professionals, we all aspire to grow in our careers. Career development plans play a pivotal role in helping us accomplish our goals. One approach that has gained significant traction in recent years is the 70-20-10 model. In this article, we will explore what a 70-20-10 career development plan is, how it can benefit you, and how you can implement it.
What is a 70-20-10 Career Development Plan?
A 70-20-10 career development plan is a learning and development model that comprises three distinct types of experiences:
– 70% of learning happens on the job through challenging assignments, exposure to new situations, and constructive feedback.
– 20% of learning occurs through interactions with others, such as mentors, coaches, colleagues, and professional networks.
– 10% of learning is through formal training programs or courses.
The 70-20-10 model was developed by the Center for Creative Leadership (CCL) in the 1980s, based on research on the learning paths of successful executives. The model recognizes that most learning happens outside the classroom environment and that experiences that challenge us and push us out of our comfort zone are the most effective in promoting growth.
Why is a 70-20-10 Career Development Plan Crucial?
A 70-20-10 career development plan provides several advantages for professionals looking to build their skills and capabilities in their current role or aiming to advance to the next level.
First, the model recognizes that learning happens continuously, not just during formal training programs. By integrating various learning experiences throughout their careers, professionals can accelerate their development and gain a broader perspective on their work.
Second, a 70-20-10 career development plan promotes self-awareness and reflection. As professionals engage in new experiences and interactions with others, they become more attuned to their strengths, areas for improvement, and career aspirations. This heightened self-awareness improves their ability to identify opportunities for growth and development in their careers.
Third, a 70-20-10 career development plan creates a culture of learning and growth within organizations. When companies support their employees in pursuing diverse learning experiences, they can foster a more engaged and motivated workforce with higher levels of job satisfaction.
How to Implement a 70-20-10 Career Development Plan?
To implement a 70-20-10 career development plan, professionals need to take a proactive and deliberate approach to their learning and development journey. Here are some practical steps to follow:
1. Identify your learning goals and career aspirations: Start by setting SMART (specific, measurable, achievable, relevant, time-bound) goals for your development journey and align them with your career aspirations.
2. Identify your skill gaps: Conduct a self-assessment or seek feedback from others to identify your strengths and areas for improvement.
3. Create a learning plan: Based on your goals and skill gaps, develop a comprehensive learning plan that integrates on-the-job experiences, interactions with others, and formal training programs.
4. Seek feedback and support: Regularly seek feedback from others, such as mentors, coaches, or colleagues, to accelerate your learning and development.
5. Reflect and adjust: Continuously monitor your progress and adjust your learning plan accordingly. Regularly reflect on your learning experiences and apply them to your professional goals.
Conclusion
In conclusion, a 70-20-10 career development plan is a powerful approach to accelerate your learning and development journey. By integrating diverse learning experiences throughout your career, you can gain a broader perspective, improve self-awareness, and foster a culture of learning within your organization. Remember to approach your development journey proactively, set SMART goals, and seek feedback and support from others. With a 70-20-10 career development plan, the sky is the limit!
(Note: Do you have knowledge or insights to share? Unlock new opportunities and expand your reach by joining our authors team. Click Registration to join us and share your expertise with our readers.)
Speech tips:
Please note that any statements involving politics will not be approved.