May 28, 2023
May 28, 2023
Poor visibility and poor connectivity is more prevalent within mid-to-large organizations than it needs to be.
In this brief article, we talk about why you need to worry about this, what practical steps you can take to improve the situation and how you can improve retention using a talent marketplace.
Communications, feedback, skills and your employees' aspirations are all inter-connected. However, these elements are managed in a disjointed manner in most organizations leading to poor visibility and connectivity internally. Hence, your employees don't see the big picture of their daily work, and can't be as effective as they can be. They also don't feel empowered to address their career aspirations and hence they are not as engaged as they can be.
You can improve your organizations' performance and engagement by having better visibility into and connectivity on the following:
So, how good is visibility and connectivity in your organization? Let’s do a quick test. How many of the below questions would you answer positively to
Perhaps you answered positively to just a few or even to none of the above. Creating the transparency on the above information often contributes to higher performance and greater employee engagement. So what can you do to create this clarity and help people within your organization achieve more? As a first step, you can start by improving your internal talent network by creating transparency in one or more of the following areas:
You could do this by setting up a team of volunteers who can gather and keep this information up to date. You could start with one function as a pilot and then expand to others. The manager of the function needs to be on board. And the volunteers need to communicate regularly with updates and achievements to get more colleagues engaged and participating in the initiative. You don’t necessarily need a solution to get started. You can leverage a spreadsheet and the organization's intranet for a start.
Beyond the initial steps, you can consider rolling out a talent marketplace solution to scale these capabilities across your entire organization and helping your people to help themselves. This way you don't need people to orchestrate these processes centrally and you can rely on the talent marketplace to create increasing visibility and connectivity. Good talent marketplace solutions are built for employees to help themselves without manual orchestration. They also provide effective insights for senior management, people managers and HR to see how this effort is contributing to improved performance, engagement and retention.
Addressing the visibility and connectivity challenges using a talent marketplace solution leads to more engaged employees who feel empowered to address their career aspirations within their organization. As a result, organizations can typically increase retention.
Chances are there aren't enough mentoring conversations happening within your organization. Democratize mentoring and let it operate like a free market. Achieve this quickly and effectively and hence improve retention using talent marketplace.
With a strong internal talent network, organizations can provide a conducive environment for their people to discover each other, get together and execute innovations and moonshots.
Most employees have untapped skills and areas of interest that they are unable to explore in their current role. Allowing employees to unleash their creativity and develop new and existing skill sets can have a profound impact on productivity, engagement and innovation.