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From Lateral Moves to Strategic Placement: Internal Mobility and Labor Markets
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In our latest episode, we had a fascinating conversation with JR Keller, an Associate Professor of Human Resource Studies at Cornell University's School of Industrial & Labor Relations (ILR). Our chat revolved around the importance of having the right people in the right positions at the right time within organizations.
Traditionally, companies have relied on their internal labor markets to fill positions, but lately, there has been a shift towards recruiting external talent. However, with the pandemic, organizations have come to realize that they must provide their current employees with opportunities for growth and advancement to keep them satisfied.
To identify the employees best suited for key strategic positions that require specialized skills, organizations must cultivate and nurture their existing workforce. There are two primary approaches to facilitating internal movement: the slotting process and the posting process. Both processes promote a competitive environment where employees can negotiate and promote a free flow of talent.
Managers who actively listen to their employees' concerns and foster internal mobility are more likely to attract and retain top-notch staff. Our conversation with JR Keller shed light on how companies can successfully manage their internal talent and secure their position in the competitive job market.
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