This report analyses the career options of doctoral and postdoctoral researchers. It identifies policies and practices to promote diverse careers, flexible career trajectories and ultimately better-quality research and innovation across different economic and social sectors. The report presents a conceptual framework and synthesis of available data and policy information. It offers recommendations and a set of policy options to: promote engagement and interaction with employers outside academia; provide researchers with experience and skills for diverse careers; encourage valorisation of diverse career options; support career development and guidance for researchers; promote inter-sectoral mobility; and, reconfigure and support careers in academia.