Research conducted by Lee Hecht Harrison revealed that 81% of organizations actively practicing talent mobilization (“committed talent mobilizers”) experience “on or above target revenue growth compared to 68% of other organizations." Talent mobility enables organizations to more organically, quickly, and proactively move employees around the organization, vertically and horizontally, to ensure individual skills, talents, and competencies are when and where they are most needed. And it isn’t a one-sided endeavor. It serves to harness existing employee goals, competencies, and passions and matches these more effectively with opportunities in the organization. It’s a truly symbiotic act that benefits both organizations and employees.
Key points included in this whitepaper:
- 24% of organizations listed their top talent mobility challenge as a “lack of organizational understanding of what Talent Mobility is and how it can be leveraged
- Only 6% of organizations thought their leadership pipeline was “very ready”
- A mere 32% of organizations stated they had a “steady supply of leaders at the top levels”
- 51% of organizations state that their succession programs are “weak” or nonexistent
- Organizations that have 5% or larger increases in revenue by year rely on talent mobility as an organizational and employee building strategy