What is talent mobility?
Talent mobility is the ability of employees to move successfully from one role to another within the same organization. Companies that emphasize talent mobility create growth opportunities for their employees. Leaders at these companies need to be able to recognize critical skills and abilities in their employees to advance them into suitable new positions within the company.
Using a talent mobility strategy is the opposite of focusing on outside talent when positions become available within an organization. Finding ways to fill open positions with employees who already work for the company is the goal of a talent mobility program.
Types of talent mobility
Talent mobility doesn’t necessarily refer to moving internal employees from one position to a different position at a higher job level. While internal promotions, or vertical mobility, are certainly part of talent mobility, they’re only one part of it. Horizontal mobility—moving internal employees from one role to another at the same job level—is another aspect of talent mobility.
How to foster talent mobility
Implementing a talent mobility framework is more complicated than simply selecting internal candidates for open roles rather than hiring external ones. Leaders interested in using this strategy should apply the following best practices to facilitate talent mobility.
For a talent mobility program to be as effective as possible, the organization’s workforce needs to understand the program. Companies should clearly detail how the program works and what the leadership team hopes to accomplish through it.
It’s essential to outline the opportunities available to employees so there’s no ambiguity. Employees shouldn’t have to guess about the company’s approach to internal mobility and talent management—leadership should make that perfectly clear.
Allow for multi-directional moves
It’s common for companies and employees alike to get stuck in a one-dimensional view of how a given career path should progress. In modern business, however, such static careers are less and less common.
Sometimes, the right move for an employee will be from one team to another instead of staying within the same team. If an employee’s skills and abilities make more sense for a position in a different team or business unit, leadership should support them in making that move.
Gain buy-in from stakeholders
Ideally, support for the talent mobility program will start at the top of the company with the highest executives. Buy-in from leaders will significantly increase the likelihood that the program takes root and is successful. The support for talent mobility can then flow down through the rest of the company until everyone realizes the value of the program.
Focus on learning and development programs
The existing employees within a company may not have the skills or training to fill open roles. However, companies can help their workforce develop these skills by investing more in learning and development programs. Focus specifically on programs that will make employees more effective at their current roles and better equipped to take on open roles or opportunities.
Benefits of emphasizing talent mobility
Emphasizing talent mobility doesn’t only benefit the employees at an organization. Companies that implement a talent mobility strategy also benefit in several ways.
Improving employee engagement
Engaging employees is a constant challenge for employers, but it’s necessary to help them reach their full potential. Focusing on talent mobility gives employees new goals to work towards and concrete rewards for contributing to the company. As a result, companies that emphasize talent mobility are likely to see higher employee engagement and satisfaction.
Boosting employee retention rates
Retaining top talent is vital to any company’s success, particularly in a difficult labor market. Emphasizing talent mobility helps companies keep their current team members by giving them opportunities to grow their careers. Employees at these companies know that their employers are invested in their futures and are thus more likely to stick around.
Increasing productivity levels
Going through the process of hiring a new external candidate for a role is time-consuming and expensive. Employers can significantly reduce onboarding time and increase employee productivity by focusing on talent mobility instead. Even employees who haven’t yet moved roles may be motivated to increase their productivity levels and increase their chances of progressing in their careers.
Global talent mobility
Typically, employers think about talent mobility in terms of their domestic employees or employees within a specific location. However, talent mobility also functions on a global scale.
As employers expand their hiring efforts to include talent from all over the world, they should also expand their idea of talent mobility. Moving international talent between roles isn’t just possible—it can be hugely successful. With the rise of remote work, global talent mobility doesn’t even need to include moving talent from one country to another. International employees working remotely can move from role to role as their employer needs without leaving their homes.
Global talent mobility comes with challenges, such as complying with local labor laws and managing employee relocation as necessary. Working with a global employment platform can make global talent mobility much more manageable, though.
Oyster enables hiring anywhere in the world—with reliable, compliant payroll, and great local benefits and perks.
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