5 ways internal mobility engages your workforce and increases employee retention.
Internal mobility in an organization refers to allowing employees to move between different roles and departments within an organization. There are several benefits to the employee and the organization promoting internal mobility.
Retains top talent
Employees have the urge to upskill and when they feel organizations provide them with opportunities to advance their careers and grow within the organization, they are more likely to stay with the organization. According to a survey by LinkedIn, based on a majority of HR leaders among which 92% agree that internal mobility is the key factor to employee retention. It helps employees in pursuing new paths and gain new skills without leaving the organization.
Increased employee engagement
When an employee feels their organization is investing and providing them with career advancement opportunities there is a 64% chance of the employee staying with the organization for a longer period, according to a recent study conducted by LinkedIn. Talent mobility provides employees to learn and grow, take on new challenges, and feel satisfied with their jobs. By working on different projects and taking on new responsibilities the employee feels a sense of fulfillment which increases employee engagement.
Higher performance and employee productivity
Moving employees across different roles and backgrounds broadens their perspective of the organization and how the business functions. Encouraging diverse teams to work on various projects and with other mentors can reveal hidden skills and improve problem-solving capabilities. As a result, this approach can lead to increased productivity and enhanced problem-solving.
Enhanced talent development
By promoting internal mobility, a culture of personalized talent development is fostered. When individuals are moved to new roles they develop a sense of purpose to improve their skills and abilities. The exposure to different roles and functions broadens the knowledge and grooms internal talent to take on senior positions. Internal mobility encourages a culture of continuous learning and development by providing employees with opportunities to learn and grow within the organization.
Increased agility and adaptability
Organizations must keep up with the rapidly changing digital landscape to stay competitive. Providing employees with career advancement opportunities within the organization increases efficiency and agility in the workforce. Organizations can quickly redeploy talent and resources to new product lines or business units with talent mobility. It helps organizations in staying agile and ahead of the competition by adapting to the marked changes effectively.