The Key to Talent Retention: Your Internal Mobility Strategy

The Key to Talent Retention: Unlocking Your Internal Mobility Strategy

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A robust internal mobility plan is an essential role in both attracting and retaining quality talent in a merciless labor market. Implementing an internal mobility strategy can be a cost-effective way of filling critical skills gaps while boosting employee retention and reducing turnover rates.

What is Internal Mobility?

Much like its name implies, internal mobility is a term used to describe the movement of employees, vertically or laterally, to new career and development opportunities within the same organization. This can be accomplished through promotions, new positions, mentorship opportunities, cross-team projects and more. Strengthening internal mobility offers considerable benefits for organizations of all shapes and sizes - from time and cost savings by avoiding the external recruiting process to improved employee retention rates and increased idea-sharing across job roles and departments.

Uncovering Your Organization’s Full Talent Potential

HR leaders play a crucial role in unlocking internal mobility within their organizations. This involves understanding the core competencies of their employees, as well as the needs of their business, and building a process to connect talent to internal opportunities that meet their requirements.

Some best practices to consider as you build your internal mobility plans for 2023 include:

  • Invest in training and mentorship opportunities
  • Incentivize employees where you can
  • Set organizational internal hiring goals
  • Enable a strong succession planning technique
  • Utilize technology to build more efficient internal talent pipelines
  • Embed internal mobility as an organizational principle, starting at the top
  • Share internal mobility success stories you’re proud of

    • To Sum It All Up

    Internal mobility helps you unlock the potential of your workforce. A well-built program can open the door for a wide range of opportunities within your organization, including improving employee retention, increasing innovation, closing skills gaps, and ultimately boosting performance. 

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    The Key to Talent Retention: Unlocking Your Internal Mobility Strategyhttps://www.cbiz.com/Portals/0/Images/InternalMobility.jpg?ver=6uNMlMp7Ejr-up2Ec1KBhg%3d%3dhttps://www.cbiz.com/Portals/0/Images/InternalMobilityBlogGraphic.png?ver=-VjSuJBUZFAT4cUFr2pFjg%3d%3dA robust internal mobility plan is an essential role in both attracting and retaining quality talent in a merciless labor market. Implementing an internal mobility strategy can be a cost-effective way of filling critical skills gaps while boosting employee retention and reducing turnover rates.2022-11-13T18:00:00-05:00

    A robust internal mobility plan is an essential role in both attracting and retaining quality talent in a merciless labor market. Implementing an internal mobility strategy can be a cost-effective way of filling critical skills gaps while boosting employee retention and reducing turnover rates.

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