Want to Retain Talent? Prioritize Internal Mobility

2021 was marked by an upsurge in resignations, particularly in the US. Three percent of workers in the US resigned in August, according to figures from the Labor Department. In absolute numbers, this represents about 4 million people. Jorge Ponga, Partner, Humanólogo Consulting, told MBN that this phenomenon could expand to Mexico and can have serious implications. 

The Canadian News reports that Mexico did observe moderate repercussions as 27% of people resigned from their jobs to seek better conditions and labor flexibility. Unleash reports that about 48% of employers globally are now looking toward internal mobility and skill development to combat the rising gap. 

According to Workest, companies that support internal mobility have higher retention of talent, almost twice as much as the process ensures a career path rather than being stuck in a career rut. It pushes employees out of their comfort zone, allowing them to be challenged intellectually and professionally. Jennifer Shappley, Vice President and Global Talent Acquisition, Linkedin, stated that “Internal mobility will be a multi-year journey for many companies. But, you can also build shorter-term wins along the way. Looking at your internal policies to make sure they align with your vision for talent mobility — that is something organizations can do now.” 

“In Mexico, 97% of employees at companies with high internal mobility will stay longer, which is nearly 50% higher than the global average,” reports LinkedIn. In addition,75% of industry leaders have predicted that internal mobility will play a key role in shaping the future of the recruitment sector. 

Not only does Internal mobility make talent aware that the company believes in growth, but it aids the company and HR executives in saving time during the hiring and training process and also redeems them of additional expenses. 

For more such insights, please register for our upcoming Mexico Talent Forum from April 19 to April 20, 2023, wherein the industry experts will unveil the ongoing trends and their implications.