Employers Increasing Focus On Internal Mobility

28 Nov 2011

Employers are increasing their focus on internal mobility to overcome the skills shortage being felt in the Singapore market.

In its latest report, recruitment consultant Hays said it predicts that "internal mobility" will be the trend in 2012.

Hays said this movement of employees from one position or location to another within the organisation is particularly evident in the financial services sector where many investment banks look to relocate senior management from the US and Europe.

It added that the insurance sector is also showing signs of increased internal mobility as opposed to recruiting new starters to avoid the time it takes to bring a new employee up to speed.

Hays said organisations are also promoting and hiring from within to retain high performers and to provide opportunities for staff to develop and reach their career goals.

Another trend for the year ahead is the increase in the use of short-term mobility assignments where a staff member works in another department for a set period of time.

Hays said this allows organisations to use existing resources to meet short-term needs quickly.