Chip Cutter’s Post

Low turnover can lead to a stagnation in career progression opportunities, making employees feel trapped and potentially lowering morale. However, it also offers stability, which some may value. Balancing these aspects is key to maintaining positive employee morale. Companies can support workers feeling trapped by fostering internal mobility, offering skill development opportunities, and creating programs for job swaps. Encouraging open communication about career aspirations and providing resources for professional growth can also help employees feel more engaged and less stuck in their roles. Creating movement within companies benefits employees by enhancing their engagement, satisfaction, and connection to the company. It provides opportunities for skill development and career advancement, addressing challenges such as feeling stuck or unappreciated, especially during times when external job opportunities may be limited. #LaborMarket #EmployeeSatisfaction

It is encouraging to see that despite the current state of the job market, forward-thinking organizations continue to prioritize their employees' needs for change and growth. When companies genuinely value their people, they actively support and invest in their growth. This commitment not only enhances individual capabilities but also drives organizational success. A skills-based approach to development is particularly effective. By helping employees develop new skills, we enable them to become well-rounded professionals. This approach does more than just fill immediate skill gaps; it prepares our workforce for future challenges and opportunities. When employees are given the tools to grow, they become more adaptable, innovative, and capable of taking on a variety of roles within the organization. Exposing employees to different functions and roles within the company fosters a culture of collaboration. When individuals understand and appreciate the various facets of the organization, they can work more effectively across teams. This cross-functional insight is invaluable for driving innovation and achieving our organizational goals. It helps break down silos, encourages the sharing of ideas, and ultimately moves the needle on collaboration and performance. For the employees who want a change, do share your personal goals and career aspiration with your manager. Initiate the conversation so management is aware that you are open to lateral changes. This proactive approach not only aligns your personal development with the company's needs but also position you as a greater asset to the organization. #EmployeeDevelopment #SkillsBasedApproach #RoleRotation #CrossTraining #Collaboration #OrganizationalGrowth #Leadership #FutureOfWork #PersonalGrowth

This is where Kahuna | Skills & Competency Management Software fits in. By building out personalized developmental plans & creating a "Pay for Skills" environment, you'll be able to help prevent your employees from feeling STUCK. Kahuna strengthens your business operations at the core. #skills #Skillsmanagement #training #development

 aaand with that interesting article below, here is your June Employment Update 📈 June saw a slight dip in employment with a decrease of 1,400 jobs, marking an employment rate of 61.1%. This continues the downward trend observed over the past nine months. The unemployment rate rose to 6.4%, with a notable increase among young men aged 15 to 24. However, employment among women aged 25 to 54 saw a rise, indicating a shift in the workforce demographics. Industry-wise, transportation and warehousing, as well as public administration, saw a decline in employment. On the other hand, accommodation and food services, and agriculture sectors experienced growth. Interestingly, the trend of remote work continues to evolve. In June 2024, 15.1% of employees worked most of their hours from home, a decrease from 21.5% in June 2022. However, the proportion of these teleworkers with a more remote work location has increased, indicating a shift in work patterns. For more details, check out the full report . Let’s continue to navigate these changing times together. #employmentupdate #workforcetrends #remotework

You are likely not getting a big promotion this year. So how about a job swap? Many workers say they are considering that question as they feel stuck in their roles, Chip Cutter writes. With the white-collar labor market cooling and declining turnover leading to fewer internal moves, a sense of malaise and frustration is growing inside big companies. Bosses are noticing. When lots of people are quitting, it is easier to move people around or to bring in outside hires to inject fresh energy to teams, executives say. The environment now is different. The challenge for companies, executives say, is how to find ways to create growth opportunities even if that doesn’t mean a substantial pay raise or a title change. At a range of companies, employers are trying new tactics to spur movement. What have you done when you or one of your employees feels trapped in a role? 🔗 Read the new tactics, and share your thoughts: https://lnkd.in/eV_5xW3C 

Fostering Employee Growth Is Crucial For Retaining Talented People -- But How Can Leaders Do It Now That Far Fewer People Are Quitting? Maybe all those public layoffs last year scared people into staying put because voluntary turnover in companies has fallen to just 12% this year. This means far few opportunities for employees to be promoted. But just because people can’t be given bigger roles doesn’t mean they can’t be given new experiences and challenging opportunities. Some cool ideas here: *** Promote job swapping — where employees in one role can switch with a colleague elsewhere for 90 days to a year or more. *** Re-deploy manager’s focus to one-on-one coaching — accelerate skill development within the entire team. *** Have company recruiters set up chats with employees across the company for the purpose of discovering what they'd like to do in the future.... Not all career progression have to be upward. As Yeats famously said, “we are happy when we are growing,” & wise leaders never forget it!

What can you do as a leader to keep your people, engage them, excite them, and help them to expand and grow? Mark C. Crowley has a few good ideas. #leadership #engagement #talent #leaders #leadershipdevelopment

Are you feeling stuck in your job? Turnover is down. Promotions are slowing. So, some companies are trying different tactics to keep employees engaged, eg, skills-based training, offering new locations, or job swaps. #work #jobs #futureofwork

Are you feeling stuck in your job? Turnover is down. Promotions are slowing. So, some companies are trying different tactics to keep employees engaged, eg, skills-based training, offering new locations, or job swaps. #work #jobs #futureofwork

WSJ: You are likely not getting a big promotion this year. So how about a job swap? Many workers say they are considering that question as they feel stuck in their roles. With the white-collar labor market cooling and declining turnover leading to fewer internal moves, a sense of malaise and frustration is growing inside big companies. Bosses are noticing. At a range of companies, employers are trying new tactics to spur movement. Consulting giant McKinsey is increasing the size of its mobility budget to let employees take projects in new cities, if only for a few months, to help staffers grow.