Do you find yourself suffering from a low retention rate amongst your employees? Are you able to attract talent, but struggle to hold onto it? This could be due to the fact that you’re neglecting to utilize one of the most strategic forms of talent sourcing -- internal mobility.
For those of you who aren’t familiar with the term, internal mobility refers to the idea of dynamically moving talent from role to role in a lateral way. Retaining talent is no longer solely reliant on moving up the corporate ladder, and this is a good way for employees to gain experience and broaden their skill sets.
It has been shown that 87 percent of organizations believe that internal mobility programs would help improve talent attraction and retention efforts, yet only a third of these organizations have said program in place. This is a huge oversight. With our extremely competitive job market, companies can’t afford the turnover that they’re currently experiencing.
All this being said, it’s important to develop an internal mobility program that is best suited for your team in order to maximize productivity and employee engagement. There are a few things to consider before implementing a program:
- Managers should be trained on how to spot high-potential employees. By closely monitoring employee performance, it will be easy to see the kind of mobility that best suits your company’s needs.
- Encourage multi-directional career transitions. Employees often believe that the only way to grow is up... well, not necessarily. There is a lot to learn by taking on a new or different role even if you remain within the same level of the company.
- Have learning opportunities readily available to your employees. This allows for them to take on new skills, making transitions that much easier for both the employee and the manager.
Industry experts Ed Newman of Phenom People, Aaron Prebluda of Kununu, and Tif Lien of TextRecruit are going to dig deeper into this idea of internal mobility. Join us for a free virtual panel discussion and learn how you can improve employee engagement and retention. You won’t want to miss this!
The virtual panel begins on the dot at 12PM EST on October 17th, 2017.
Register for the Virtual Panel: