Internal mobility is a well-known approach to closing the skills gap. It’s also a key driver of employee engagement, development, growth, and satisfaction. As a result, internal mobility has become a business imperative for companies aiming to retain and grow their talent.
According to data in the “Workday Global Workforce Report: Restoring Trust Before Your Top People Leave,” 75% of the industries we track report increased turnover among high-potential employees. To address employee attrition, companies are finding that the most effective source for hires comes from internal mobility and referrals: 67% of respondents say internal mobility has had a positive impact on their organization within the past 12 months, and the large majority—72% of respondents—expect employee interest in internal mobility within their organization to increase within the next 12 months.
However, think about this: Internal talent marketplaces play a crucial role in facilitating effective internal mobility strategies. They provide valuable insights into how employees’ skills align with various career advancement opportunities within the organization, such as new roles, transfers, and short-term projects. But if employees do not actively participate in their organization’s internal talent marketplace, hiring managers may find themselves drawing from a limited talent pool. As a result, qualified candidates already within the company are often overlooked.
That’s where organizations tend to fall short in their internal mobility strategy: effectively matching talent to business needs in a way that drives employee engagement.
Organizations can benefit from a more comprehensive and proactive mobility strategy that actively engages employees with internal growth opportunities—and this is made possible through AI-powered talent orchestration.
Meeting Evolving People Needs With Explainable AI
The term “talent orchestration” is relatively new to some of those in HR and talent management. It represents a shift in focus from simply managing talent to a more strategic and agile approach that aligns talent with business goals and needs, such as optimizing workforce deployment or fostering a culture of continuous learning and development. Technology serves as a critical enabler of talent orchestration, uniting key insights and driving timely actions to effectively manage and deploy talent in alignment with organizational goals.
When it comes to internal mobility, talent orchestration aligns workforce skills with career opportunities within an organization. However, a more capable talent orchestration solution would go beyond this to address other needs of internal mobility, such as driving employee engagement.
That’s exactly what the Workday AI-powered talent orchestration solution is designed to do. HiredScore AI for Talent Mobility leverages Workday Human Capital Management (HCM) and talent data—such as experience, interests, skills, time-in-role, and performance—to offer personalized recommendations within the employee’s existing flow of work. For example, an employee whose skillset, experience, and interests align with a new opportunity could receive alerts via email or Microsoft Teams. With internal talent pools deepened due to data-driven insights, the odds of recruitment wins go up.
It’s like welcoming a perceptive coach who is helping to supercharge internal mobility. That was the case for a Fortune 500 professional services firm that saw a 30% increase in internal application rates via AI-driven notifications along with an increase in better-quality internal candidates compared to external applicants. As a result, the firm had a 19% increase in internal employees hired or in the process of being hired, and a 5% improvement in retention for employees who applied to jobs.