The one place you’re not looking at to find great talent
It’s easy for employers to throw money at the problem. Companies spend $4,000 to fill an open role on average. Yet in the competitive market businesses are currently facing, this number can easily spike into the five-digits as high-end recruiting agencies and headhunters tend to enter the equation.
Exacerbating the situation is the aptly named “The Great Resignation,” where one in four employees are considering leaving their current job as we come out of the pandemic. There are ways to overcome this stat according to research from LinkedIn, which found that 94% of employees say that they would stay at a company longer if it simply invested in helping them learn and grow.
Don’t overlook that your next great hire might already be on payroll—either on a different team and ready for a new challenge to support their own career development, or in another department altogether. Internal mobility programs that fill job openings with existing staffers can serve a dual purpose, by filling key roles with speed and ease (not to mention for a fraction of the cost), while retaining employees that may otherwise move on.
Here are four ways to supercharge your employee mobility efforts and discover hidden gems within your organization.
Rolling out an internal mobility program requires a long lead time and resource commitment across the organization. Moreover, it also can’t just live within a human resources silo. For instancee, Uber is an example of a company that has successfully rolled out an internal mobility program. Between 30-40% of hires are a result of internal movement, and those who moved into a new role at the company stayed twice as long as those that didn’t move.
Internal mobility done right requires dedicated effort from a company. While it’s no easy feat, it’s worth the payoff and can help your business stay competitive and grow during an unprecedented and unpredictable labor market.
Nick Ionita and Max Goodberg are the cofounders of Flux. Ionita is the company’s CEO, while Goldberg is its COO. Flux is the first internal mobility platform that intelligently connects employees looking to grow their careers with untapped opportunities that exist within the organization.