The Impact of Career Development Programs on Employee Retention in Startups vs. Corporates

Abstract

In an increasingly competitive talent market, employee retention remains a top priority for both startups and corporates. This study investigates the influence of career development programs (CDPs) on employee retention, comparing their prevalence, design, and perceived effectiveness across organizational types. Drawing from a survey of 35 employees and statistical analyses including chi-square and Spearman’s correlation, the research identifies a clear relationship between the availability, frequency, and quality of CDPs and employees’ intent to remain. Startups typically offer informal but highly valued development opportunities, while corporates invest in structured programs that may lack personalization. Findings underscore the strategic value of CDPs in reducing turnover, particularly among early-career professionals