Retaining top talent is a top priority for companies looking to sustain growth and maintain a strong workforce!
One highly effective strategy is encouraging and supporting internal moves within the organization. Helping employees transition into new roles or departments not only improves retention but also strengthens the company’s talent pool. Easy access to on-demand workforce training platforms, such as Streamery® , play a pivotal role in facilitating these transitions, making internal moves smoother and more efficient.
Why Internal Moves Matter for Retention
Employees are increasingly seeking more than just a paycheck—they crave opportunities for personal and professional development. Allowing employees to make internal moves gives them the chance to grow and explore new career paths within the same organization. This satisfies their need for development while allowing companies to retain experienced talent, thereby avoiding the costly process of recruiting externally.
According to LinkedIn’s 2023 Workforce Learning Report, at the two-year mark, an employee who has made an internal move has a 75% greater chance of staying with their company.
Career Growth Opportunities in Action:
Imagine a marketing coordinator who has been with a company for three years.
She’s excellent at her job but feels drawn to the data analytics side of marketing.
Instead of looking for jobs elsewhere, she speaks with her manager about an internal transfer.
The organization, understanding the importance of talent retention, supports her move into the data team through structured training and mentoring.
Not only does the employee stay with the company, but her unique insights from marketing give her an edge in her new role.
The company saves time and money on recruiting while building a more dynamic, cross-functional team.
The Role of Workforce Training Software
Technology enables these internal transitions by providing employees with the training and development tools needed to succeed in new roles. Workforce training software, including Learning Management Systems (LMS), can guide employees through structured learning paths, offering courses tailored to the skills they need for their new positions.
How Workforce Training Software Makes a Difference
- Identifies Skill Gaps: Many platforms allow employees to assess their current skills and identify what they need to work on for the next role. This gives employees a clear path toward success while encouraging self-development.
- Curated Learning Paths: The software offers curated learning modules specific to new roles or departments. For example, if an employee wants to transition from sales to product management, they can take a tailored course that covers key product management concepts, project management, and cross-team communication skills.
- Progress Tracking: Workforce training software also tracks progress and provides real-time feedback. This makes it easy for both the employee and their manager to monitor development and ensure they are on track for the role.
Boosting Retention Through Internal Mobility
Encouraging internal moves shows employees that the company values their growth and is willing to invest in their future.
Paired with ReviewCloud’s Individual Development Plan (IDP) tool, you can easily help employees achieve short-term and long-term career goals.
Ultimately, these strategies help employees feel fulfilled and motivated, leading to increased retention, reduced recruitment costs, and a more skilled, adaptable workforce.
By integrating learning management software and promoting internal mobility, companies create a dynamic workplace that thrives on growth and innovation—empowering both employees and the organization to reach new heights.
