HR teams and HR Managers are always under increasing pressure to retain top talent, redeploy skills effectively and optimise workforce planning.
Often, this comes with tighter budgets and fewer resources – we know this struggle all too well. We get it. We get you.
McKinsey research indicates that many organisations lose value as over 80% of role moves often involve changing employers. Employees who feel stagnant, unchallenged or unaware of internal opportunities end up leaving, costing the company time, money and institutional knowledge.
Yes – this lack of internal hiring opportunities is costing businesses.
But it doesn’t always have to. As cliché as it sounds, there’s always a better way.
An AI-powered internal talent marketplace platform solves this by connecting employees with relevant projects, roles and upskilling opportunities – all while giving HR teams full visibility into workforce capabilities.
But how do you know if your organisation is ready for this transformation?
In this article, we’ll talk about the 6 key signs that indicate it’s time for your business to adopt an AI-powered internal talent marketplace platform.
(Virtual) notepads ready? Let’s go!
Sign #1: Your employee engagement survey shows career growth is a major concern.
If your latest engagement survey reveals that employees:
- feel stuck,
- lack career progression or
- don’t see internal growth opportunities,
Well, that’s a red flag.
Without visibility into internal career paths, employees will naturally look for external roles that offer growth.
An AI-powered internal talent marketplace platform gives employees a clear view of available roles, skill development paths and upcoming projects they can apply for – helping them grow WITHIN the company rather than seeking opportunities elsewhere.
Sign #2: A hiring freeze or budget cuts make internal hiring the only option.
When hiring budgets tighten, the pressure to fill roles internally increases.
Without a structured approach, HR teams struggle to redeploy talent efficiently and critical positions remain vacant.
An AI-enabled internal talent marketplace platform surfaces employees with the right skills, making it easy to match internal candidates to open roles without the need for expensive external recruitment.
Sign #3: Critical projects are stalling due to a lack of internal expertise.
Sometimes, important projects get delayed because the right people aren’t available. That is both a frustrating and costly business scenario.
It’s also a sign that your organisation lacks visibility into workforce skills.
An AI-powered internal talent marketplace helps HR teams identify employees who may be underutilised in their current roles but possess the skills needed for critical projects – ensuring no talent (in both senses of the word) goes to waste.
Sign #4: Your best employees are leaving because they don’t see growth opportunities.
High performers rarely quit because they dislike the company – they quit because they don’t see career progression. If employees don’t see a future at your company, they’ll find one elsewhere.
An internal talent marketplace platform helps HR teams proactively match employees to new roles before they feel the need to leave, reducing regrettable attrition.
Picture this: HR teams can proactively match employees to:
- new roles,
- projects
- and mentorship opportunities
That saves a lot of time and costs on recruitment and onboarding. Everybody wins.
Sign #5: Your company loses major clients due to missing internal expertise.
Losing business because of skill shortages is a wake-up call.
When employees with critical expertise leave or transition roles, the organisation often lacks a clear plan to fill the gap internally.
An AI-powered talent marketplace ensures that HR can quickly identify employees with the necessary skills to meet client demands as soon as they are needed – protecting you from costly business disruptions.
Sign #6: The leadership pushes for internal talent mobility, but the HR team lacks the tools to execute it.
This sign may just be the clearest of them all.
When leadership announces a focus on internal mobility, HR teams need a strategy – fast. AI-powered solutions provide the structure and data needed to deliver results quickly and effectively.
AI-powered HR tech gives HR managers and teams real-time visibility into:
- employee skills,
- career goals
- and internal opportunities
– allowing them to move people into the right roles quickly and strategically.
HR teams: don’t wait until it’s too late.
If any of these challenges sound familiar, it’s time to rethink how your organisation manages internal talent.
AI-powered internal talent marketplaces eliminate workforce blind spots, optimise internal hiring and future-proof your business against talent shortages.
The companies that invest in internal talent mobility today will build stronger, more agile workforces for tomorrow.
Your future team is already working for you.
You can find, inspire, grow and retain them with an AI-powered internal talent marketplace platform like GoFIGR.
Don’t let that talent go to waste – be a game-changer and allow them to grow their career AND drive your organisation into its tomorrow in ways you never thought possible.
It’s the ultimate way to build internal mobility and foster a progressive workplace culture to minimise your reliance on the hiring cycle.
It’s a great way to save crucial hours in your day as well.
Contact GoFIGR today to discover how we can help you foster a future-focused workforce using our Internal Talent Marketplace platform.
Helena Turpin spent 20 years in talent and HR innovation where she solved people-related problems using data and technology. She left corporate life to create GoFIGR where she helps mid-sized organizations to develop and retain their people by connecting employee skills and aspirations to internal opportunities like projects, mentorship and learning.
