When it comes to the war on talent it might be time to consider looking internally and creating a mobility policy to help you reap the rewards of great company culture and staff engagement.
76% of those surveyed by Deloitte in 2019 listed Internal Mobility as an important concept to their business and 20% rating it one of their organisation’s top three most urgent issues.
What is an internal mobility policy?
Simply put, an internal mobility policy is the procedure of transferring existing employees to new positions and having a policy in place to support this process of redistributing your existing talent internally. This movement can be both vertical and/or horizontal, meaning you can promote talent (vertically) and move around in your team to another position on the same level (horizontally).
The benefits of moving employees internally
Think about this policy from a corporate culture viewpoint, a company that is encouraging their employees to improve on their current skillset is enhancing how their employees engage with the company. Your staff are guaranteed believe career progression is a possibility for them if you prioritise filling new positions internally and place an emphasis on mentorship.
Positive corporate culture attracts external talent to your company as it means your company has a desirable culture; it also makes your employees more engaged and productive, producing a higher quality of work. This is a win-win.
Increase your employee engagement now
Crazily enough your employees may consider it easier to find a new, more attractive position in another company rather than taking on an exciting new role with your business. This is an ongoing pain point that doesn’t need to be the reality for your company.
Offering mentorship, upskilling, and potential to change career paths within an organisation will drastically improve corporate culture and employee engagement. If your current employees feel seen and heard and feel they could get the opportunities and career progression they desire, they will ditch the job hunt and stay loyal to you. Loyalty in staff is not something to underestimate.
What are the benefits of engaged employees?
The list is endless. For starters, research says your employees will have better health and will be happier people overall. This is not something to take lightly as this benefits the employer as much as the employee. Practicing employee recognition rather than using technics such as peer pressure or threat-based mechanisms, means your employees will be happier and feel valued; which is beneficial for both parties as happier employees tend to save their employers money.
More benefits include less absenteeism, (ie. more work gets done with less hassling), higher staff retention rate, increased productivity which also increases revenue, better innovation and improvement, and overall a better company culture.
If you don’t currently have an internal mobility policy in place, consider this change today to give your business the best chance at increasing engagement and promoting from within.