I’ve been staring at employee engagement, retention and attrition stats for months as we prep to launch our internal mobility product at untapt. The stats are nothing new, but when you pour over them, little interesting stories start to emerge.
Firstly, job hunting is probably happening at your company while you read this. Unfortunately too, your ancy employees likely feel they need to leave to move their career forward (and in case you were wondering, it looks a lot worse for your millennials).
There are two big misalignments between employer and employee. First, employers think they’re giving their team a clear career path, but employees don’t agree. Secondly, employees actually want to stay with you, they just want to make sure they can find the right positions to grow.
Clearly there’s an opportunity here. They want to make their career better, they want to stay with you, but aren’t getting what they need from you.
How can you make this more formalized at your company, so employees hear you loud and clear?
Career advancement needs to exist.
This sounds obvious, but it’s more complicated than you may think. Most people will say that of course they have career advancement opportunities available.
But having the actual structure in place is the first, necessary step to bring this to fruition. Providing a clear path for employees means exactly that – well-defined, tangible and often documented ways that your talent can move through and up the company.
Things to think about:
Get the right tool in place.
User accessibility and experience is a big issue, especially in a world where you’re competing with several outside marketplaces that want to pluck your employees away. Most employees (66%) actually look internally for jobs before they start looking externally. So your job is to make sure they can access them easily.
While some firms may use custom-built, in-house solutions, other firms may not want or be able to spend core resources on this. Picking the right platform to build your internal marketplace will greatly affect employee engagement.
Things to think about:
Tell your employees.
You’ve got the structure; you’ve got the tools, now you need to get the word out. Employee adoption will make or break your internal program.
Regularly inform and educate employees about the options available for advancement and how they can make use of the program. Don’t leave it up to them to remember.
Things to think about:
Engage your managers.
With 68% of employees feeling their managers aren’t engaged in their career development, it is important to get manager buy-in for this process. Since managers are the ones building teams and filling roles, they need a reason to put internal sourcing as Step 1 in their process. This can be a particularly sensitive topic for managers, as it also means their own team members could very well be open to jobs “down the hall.” Communicating the overall benefit of an internal mobility program to managers will go a long way.
Things to think about:
Use insights to make it better.
You can’t argue that data usually makes for better decisions. But often times, data on employees is limited to basic skills, demographics and location. Without the right tool, there’s little you can do to make sure your employees are in the right role in your company, to know what divisions are functioning highly, to understand who your top talent is or who your at-risk talent is.
Things to think about:
Build it into your culture.
Placing a focus on internal career paths for your employees will be most successful if it’s built into your core values and felt at level of the company.
Things to think about:
You have the opportunity to create a loyal, high-performing workforce if the opportunities for career advancement are given to your employees.