Research shows that talent mobility and career pathways for employees can be key to begin the era of the great retention
LONDON, Jan. 27, 2022 /PRNewswire/ -- SHL, the global leader in people science and technology, recently sponsored a report by Lighthouse Research and Advisory that reveals how career mobility can be the key to turning the great resignation into the great retention.
According to the report, 88% of employees would stay at a job longer if there were career development opportunities. It also found that high performing businesses are 30% more likely to emphasize the importance of talent mobility so that everyone takes an active role in career development responsibilities.
"You and I know the truth behind the question, who owns career mobility? Every single one of us: Employees must take the initiative, managers must provide resources and guidance, HR/training must develop policies to support the employees and most importantly, executives must embrace a culture of growth," said Erin Crask, Solutions Architect at SHL.
The study also revealed that talent mobility can help companies tap into the trillions in GDP growth coming in the next 25 years.
"Research shows that as the world's population grows, consumer demand grows, and the global GDP will increase to approximately three times its current size. This means greater demand for workers and performance, and the best way to get value from the workforce is to engage them. The real heart of engagement based on a wide variety of studies is career development and mobility," said Ben Eubanks, Chief Research Officer at Lighthouse.
In a world where talent is scarce, tapping into existing and qualified talent is a brilliant move and can be the right first step towards great retention.
Read the complete report here.
Find out more about how SHL solutions can help you take the right career mobility decisions: https://www.shl.com/solutions/talent-management/mobilize/
About SHL SHL, the global leader in HR technology and psychometric science, transforms businesses by leveraging the power of people, science, and technology.
Our unrivalled workforce data and highly validated talent solutions provide organizations with the workforce and scale to optimally leverage their people's potential that maximize business outcomes.
We equip recruiters and leaders with people insights at an organization, team, and individual level, accelerating growth, decision making, talent mobility, and inspiring an inclusive culture. To build a future where businesses thrive because their people thrive.
With 45 years of talent expertise, we are the trusted technology partner to more than 10,000 companies worldwide, across more than 150 countries, including 50% of the Fortune Global 500 and 80% of the FTSE 100. For more information, visit shl.com
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