Close Gender Pay Gaps by Knowing Your Talent Skill Gaps

How Continuous Feedback Actually Improves Performance

Blog Page Header

Is Internal Career Mobility The Answer To Your Talent Shortage?

The talent shortage shows no sign of abating. New research from IBM Smarter Workforce Institute found that over half (51%) of all HR professionals say they are struggling to fill open jobs some of the time and over one third (35%) state they ‘very often or always’ experience difficulty filling positions.

In the US alone, around three million employees leave their jobs every month and the global skills shortage is predicted to worsen, at the risk to global growth.

The key to retaining the talent vital to the success of your organization is internal career mobility.

As critical positions go unfilled, the majority of organizations automatically turn to external sources when recruiting for their open jobs, often overlooking the talent available within their existing teams. But lack of career progression is one of the main reasons for the talent exodus.

2018 : The year of the employee experience

2018 is predicted to emerge as the year of the employee experience. As traditional career models evolve into ‘experiences’, HR must respond to that shift to retain talent and bridge skills gaps.  Internal career mobility enables them to achieve that goal in three ways:

  • Facilitating movement of employees across different jobs.
  • Empowering them to learn new skills and creating new experiences.
  • Enabling career progression.

But research shows that almost one third of HR professionals are dissatisfied with their organization’s ability to meet their internal mobility goals. By not recognizing your internal talent your employees will seek opportunities elsewhere.

Benefits of internal mobility

Developing a clear internal career mobility strategy offers several benefits to your organization. Internal mobility has been shown to:

  • Enhance employee career satisfaction.
  • Improve talent retention levels.
  • Reduce recruitment costs and increase time to productivity of your ‘new’ hire.

Unlike with a new hire, there is no difficult onboarding process to navigate as your internal hires are already assimilated with your organization’s culture and can get up to speed much faster than a recruit.

Employees promoted internally also demonstrate significantly better performance for the first two years than external candidates.

Adopting a different approach to career mobility

Failing to recognize your existing talent will continue to impact engagement and retention levels. Adopting a strategic approach to internal mobility is achievable with the following steps:

Empower your employees : The responsibility for internal career mobility isn’t exclusively that of the employer. A systematic approach to career development is essential to empower your employees to map their own career path scenarios and evaluate personal skills gaps.

Nurture your talent : Promoting internal career mobility is beneficial to your entire organization in terms of both skills development and developing a positive culture in which talent can thrive. By emphasizing the potential for career progression, employees are more engaged and happier in their work.

Support your processes with technology : Facilitating internal career mobility with technology will provide an interactive and automated experience for employees to easily navigate to vacant and aspired roles within their organization.

[ult_content_box border=”border-style:solid;|border-width:1px;|border-color:#eaeaea;” box_shadow=”horizontal:2px|vertical:2px|blur:10px|spread:3px|color:#dddddd|style:outset|” padding=”padding:15px;” hover_box_shadow=”horizontal:px|vertical:px|blur:px|spread:px|style:none|”]

[/ult_content_box][ult_content_box border=”border-style:solid;||border-color:#25bec1;” box_shadow=”horizontal:px|vertical:px|blur:px|spread:px|style:none|” padding=”padding:25px;” margin=”margin-top:30px;” hover_box_shadow=”horizontal:px|vertical:px|blur:px|spread:px|style:none|”]

Get a free demo today

[/ult_content_box]

career pathing
[Infographic] Mission: Employee Engagement

Improving employee engagement is a critical challenge that companies face but with the right processes in place the results are achievable. In this infographic, join the expedition of Mission: Employee Engagement and learn how to launch a successful career pathing initiative as quickly and efficiently as possible. Prepare for launch!

career pathing
Designing a Career Pathing Program for Organizational Success

Career pathing programs not only boost employee engagement but when implemented effectively, they’re also drivers of organizational success.

career pathing
Creating a Career Pathing Program Employees Want to Use

Employees value growth and development in their careers, and career paths are one of the most effective ways to support employee goals and increase retention. However, while 70 percent of employees will leave their jobs if they perceive a lack of development, many companies still don’t know how to design or implement an effective career […]