In order to mitigate the risks associated with this mantra and secure top talent, businesses can benefit from refreshing internal mobility programmes. Internal mobility programmes encourage employees to apply for new roles within their organisation and, as a result, help businesses with attraction and retention efforts.
Successful internal mobility programmes help hiring managers learn about the skills, experiences and aspirations of internal candidates, while employees learn about new roles that will allow them to contribute to the organisation in new and different ways.
It is this kind of organisational transparency that can increase employee engagement and retention, while shortening time to productivity and reducing competitive intelligence leakage.
An organisations most valuable asset is its people, but this fact can often be overlooked. It is vital that businesses do not become passive when thinking about internal mobility and the workforce at large, ensuring that steps are taken to improve staff retention.
Read more on staff retention:
- 5 key reasons why a third of UK workers want new jobs in 2016
- How does your business retain talent
- Why did you get out of bed for work this morning
In todays economic climate, retaining a relevant and talented workforce is imperative for business growth and development.
Organisations which demonstrate commitment to the wellbeing and development of workforces will reap the rewards. By evaluating the skills, traits and motivations of current employees against a focused talent strategy, employers can ensure all staff are provided with personalised development plans to help them progress.
Our own research has found that 87 per cent of employees feel that having a strong internal mobility programme would definitely help with attraction and retention efforts. It also revealed, however, that only one third of employees reported that their companies have such programmes in place.
In order to implement a strong internal mobility programme into a business, employers can follow the three golden techniques on the next page.