When it comes to us at Seagrave French we like to think that we provide business support as well as our accounting services. So in this blog, we will cover some great tips when it comes to employee management and how to maintain a suitable payroll whilst still creating a growing environment for your employees by using career mobility.
Career mobility (Also known as job mobility) is the process of an employee moving in their career. It can refer to upward, downward or lateral movement across to another role within the same business but in a different capacity.
Career mobility was generally associated with employees moving up a hierarchical structure. More recently, it has evolved to refer to enabling employees to take part in work opportunities that benefit the business and the employee. Career mobility can also include changes to the frequency of the job. As in part-time or remote working from a full-time role, etc.
Career mobility can also be a great retention tool for businesses. For example, rather than lose a valuable team member, they can be given the opportunity to transition to another position in a different part of the business. According to a recent survey by LinkedIn, a high percentage of millennial and Generation Z employees would be willing to take a small payroll cut for a role that offered them a better chance of career growth.
While cutting salaries, particularly in the current competitive environment, is not a good idea. However, being able to retain employees by offering them the chance to work in a different role at the same business, has the opportunity to be a good staff retention tool.
Being known as a business that offers career mobility could help to enhance your “employer brand”. This helps make your business more attractive to talented and young employees who want to work for businesses that offer this.
Career mobility can also be used to address challenges such as diversity and inclusion. As businesses step away from rigid career paths and old-fashioned approaches to employment, more and more opportunities have opened up for employees and they can now create the career they want in a way that promotes a healthy work-life balance.
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