As competition for top talent applicants stiffen across the globe, many companies are taking a closer look internally to identify and develop top talent employees. This movement, known as Talent Mobility, is changing the way top-level executives train, evaluate, and promote employees within their companies. Most importantly, when done correctly the use of a comprehensive talent mobility strategy can improve employee satisfaction, reduce attrition rates, and boost overall profits.
What Is Talent Mobility?
Talent Mobility is a widely used phrase that means different things to different companies. However, in basic terms it is a company’s capabilities to leverage top talent within the business rapidly to provide the greatest benefit to the company’s bottom line. Once in place, executives have the ability to move various employees between different job positions, projects, teams, locations, and even careers. It allows companies to build upon each employee’s strengths, and utilize these attributes in a way that will best meet the current demands of the company. This not only means vertical internal movements, but horizontal and diagonal internal movement as well.
With the today’s fast-paced market and rapidly changing consumer demands, companies must be able to make rapid changes. Talent Mobility gives them this ability without the need to spend time and money recruiting new talent. However, the only way for Talent Mobility to be effective is for companies to develop a comprehensive talent mobility strategy. Effective leadership training can help business executive learn how to identify, train, and leverage their company’s top talent.