These Insights Will Make You Rethink Talent Hoarding [Infographic]

By Heather Huhman

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The facts are clear -- your employees are your best asset. Employers who fail to see this as truth resort to talent hoarding, where they inhibit their top talent by keeping them in their current roles. Needless to say, these A players get fed up and look to jump ship.

Nobody can blame a professional who wants to learn and grow. If they aren’t getting the training and development in their current position, they won’t stay put for long.

How can companies combat talent hoarding?

The infographic below -- compiled by RolePoint, a talent acquisition software company focused on employee referrals, internal talent mobility, and creating seamless ATS connectivity -- looks at why employers should care about the pitfalls of talent hoarding and how they can refocus on growth through a talent mobility program.

Let’s take a look at some of the highlights:

  • 24% of organizations say the top challenge they faced was a lack of organizational understanding of talent mobility and how it could be leveraged
  • 45% of employees who changed companies in 2014 and 2015 said they left because they didn’t have advancement opportunities
  • High performance companies are twice as likely to prioritize talent movement, whereas low performance companies are 2.5 times more likely to say talent mobility doesn’t matter
  • 55% of employees rate opportunities to use their skills and abilities at work as a "very important" contributor to their job satisfaction
  • 90% of HR professionals say an employee recognition program improved engagement

Employees who are reminded of how they fit into the long term vision for their company are more engaged in their work. They perform at their best, experience more job satisfaction, and feel excited to stay with the company.

Check out the full infographic below to see the negative impact that talent hoarding has on a company and what steps need to be taken to create an effective talent mobility program.

How are you investing in employee development? Share in the comments below.

 

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