With evolving employee expectations and a record-hot labor market, employers are struggling to hold onto their top talent and to bring new rising stars in the door. However, that\u2019s not to say that building a thriving and successful workforce in today\u2019s climate is out of the question.<\/p>\n
Instead of investing heavily just in external hiring, employers today could benefit from taking a look inward\u2014investing also in the talent they already have. Talent mobility is one of the hottest topics in HR today. With the price and challenges of hiring, it only makes sense to take advantage of the talent you\u2019ve already hired. And it\u2019s not just a strategy to decrease your hiring budget; the more opportunities current employees have to develop their skills and even build new ones, the longer they may stick around.<\/p>\n
A recent LinkedIn survey, for instance, found that workers who were given the opportunity to move laterally in a company within three years of joining had a 62% chance of staying with the organization for an additional five years; that statistic jumped to 70% when employees were promoted to a higher level. But, a successful talent mobility strategy isn\u2019t just about letting employees job hop. HR, business leaders and managers need to work together to ensure they\u2019re matching the talent they have with the skills they need.<\/p>\n
To do that, employers can rely on emerging technologies, including those that power skills assessments\u2014so you can see the strengths of everyone in your workforce and use that as a guide to funnel talent into the roles where they\u2019re needed. Being transparent with the entire workforce about your approach to talent mobility is also key. Workers should know when they join the organization what opportunities might await them and what they need to do to meet those goals. Employers should also recognize that the experiences and skill sets of their current workforce may not always be what they need to succeed in the future\u2014so, instead of simply hiring new workers with those skills, true talent mobility would demand that they invest in upskilling and reskilling their current employees. From technical skills to soft skills, employees should feel empowered to look to their employer to help them develop the areas they need to in order to move around\u2014and up\u2014within the company.<\/p>\n
Talent mobility requires forward-thinking, proactive strategizing\u2014which can be taxing for organizations struggling to stay above water given all the current challenges facing the world of business. However, it\u2019s an effort that will yield a payoff in terms of enhanced employee engagement and loyalty\u2014and, ultimately, retention\u2014along with more efficient and affordable operations, as the right people matched to the right work reduce hiring costs and allow for streamlined processes. A win-win for employees and employers\u2014which is what is exactly needed in today\u2019s environment.<\/p>\n
Need help finding the best talent for your roles? Let’s work together.<\/p>\n","protected":false},"excerpt":{"rendered":"
From the Great Resignation to \u201cquiet quitting,\u201d HR professionals and recruiters are facing challenges like never before. With evolving employee expectations and a record-hot labor market, employers are struggling to hold onto their top talent and to bring new rising stars in the door. However, that\u2019s not to say that building a thriving and successful…<\/p>\n","protected":false},"author":3,"featured_media":14351,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[10],"tags":[],"class_list":["post-11456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-integrity-insights"],"yoast_head":"\n