Learning and Talent Mobility: A Winning Combination to Drive Employee Retention and Results

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Instilled’s Dawn Baron looks at how, by bringing together a talent mobility strategy with a learning experience platform (LXP), companies can offer a seamless employee experience while optimizing enterprise results.

Long gone are the days of hiring and retiring, but the debate as to whether to hire internally versus externally now skews heavily on the former. The world of work has changed just as drastically as every other area of our lives, making it a perfect time to focus on optimizing the value of what we have. 

Organizations of all sizes are shifting to look inwards at their talent pool first, rather than looking externally to fill skills gaps and vacant roles. By providing employees with clear career development roadmaps and the right learning opportunities, organizations can build purpose-driven workplace cultures that engage, retain, and capitalize on top talent. 

This is where combining a talent mobility platform and a learning platform can provide a seamless employee experience with clear benefits for the employer. 

Reskilling, Upskilling and Mobilizing Employees in a Time of Constant Change

With many companies going into a hiring freeze in 2020, HR professionals have had to look internally to fill business gaps. Having to assess the type of talent, skills, and willingness of employees has been predominantly a manual task—one that has required resilience and resourcefulness from talent managers. It has also caused a shift to being more strategic about acquiring resources externally. 

In doing so, organizations have realized that while there may be a willingness and interest from internal employees to do more outside of their normal scope of work, they may also require some level of skill development.

With greater collaboration between HR and L&D teams, reskilling and upskilling initiatives become more strategic and effective. In one study, 51% of L&D pros planned to launch upskilling programs in 2020, with 43% planning to launch reskilling programs in the future. This is where the need for learning, and a learning platform that delivers timely recommendations and curated content, become an essential component to drive talent and business growth forward.

Today’s employees are also taking greater ownership of their own careers and skill development, and have a vested interest in exploring what’s available for them within and outside of their organization. With employee retention being a key factor in enterprise success, providing employees with both talent mobility opportunities and training keeps talent motivated and engaged in a time of constant change.

Companies need to identify high-potential employees and ensure they are getting the right level and intensity of work, as well as career progression and training opportunities. In fact, an average of 66% of employers surveyed in a World Economic Forum study expect to get a return on investment in upskilling and reskilling within one year, an opportunity not to be missed.

Related reading: ‘Creator-Centric Video: The New Normal for Corporate Learning?

Empowering L&D Teams and Professionals Through Technology

With the growing skills gap brought on by technology and the digitization of entire industries and processes, companies need to think about a sound and robust talent mobility strategy that properly showcases opportunities for employees.

A key shift towards an effective talent mobility strategy is having senior leadership endorse the concept of sharing talent and of allowing employees to look for opportunities outside of their current function. 

Two components that work hand in hand to facilitate this journey involve providing talent acquisition teams and employees with: 

1) A centralized talent mobility platform that gives employees and L&D teams visibility into needed or wanted learning content that can support career development initiatives.

2) A modern learning platform that connects them with the right training to bridge knowledge gaps, or allows them to explore other roles within the organization through content.

Why Utilizing a Talent Mobility Platform Makes Sense:

Handpicked for you: When Features Aren’t What Matters: Choosing the Right Technology for Your Organization

Top Benefits of a Modern Learning Platform as an Integrated Component of Talent Mobility Technology:

Conclusion

In summary, talent mobility technology allows for the democratization of interests and skills within an organization and matching employees to the right opportunities. In the best case, an organization’s talent mobility strategy and technology links to a learning strategy and learning technology.

When L&D teams can find out through their talent mobility initiatives what their employees need, what they’re lacking, or what they’re very good at, this helps to inform the type of learning content that needs to be created and housed. By authoring, curating, and promoting self-learning through the intersection of talent mobility and learning experience platforms, companies can offer a seamless employee experience that encourages growth and retention. This will increase company performance by mobilizing top talent in just the right places and at scale.

Keep reading: ‘Everything You Wanted to Know About LXPs (But Were Too Afraid to Ask)

Ready to nurture career growth, optimize training, and build a high-performing workforce? Contact us today.

A version of this post originally appeared on the PeopleFluent blog.

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