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Stave Off Attrition with an Internal Talent Marketplace
Podcast

Stave Off Attrition with an Internal Talent Marketplace

McKinsey Talks Talent

Lucia Rahilly, Emily Field, Bryan Hancock and Bill Schaninger
McKinsey, 2022
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Editorial Rating

8

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  • Well Structured
  • Overview
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Recommendation

Many of today’s top employees don’t just want a job; they want work that offers growth opportunities. Meanwhile, employers are struggling to fill talent gaps within their organizations. In this McKinsey Talks Talent podcast episode, host Lucia Rahilly speaks with McKinsey leaders Bryan Hancock, Bill Schaninger and Emily Field about how internal talent marketplaces powered by AI can help with these dilemmas. Internal talent marketplaces identify internal candidates who have skills that aren’t being utilized and give workers a chance to tackle new challenges without leaving their organizations.

Summary

Employers need to develop innovative approaches to retain top talent and fill skill gaps.

The global talent shortage that emerged in the wake of the COVID-19 pandemic shows no signs of abating. If anything, the shortage could get worse. Across industries, talented workers continue to show a strong willingness to leave their current employers for competitors offering more money and more favorable working conditions – or out of a desire to take on new challenges.

An internal talent marketplace could help both employers and workers avoid the need to look outside their organizations for solutions. Internal talent marketplaces help pair talent supply with demand – a win for employers and workers alike. Employers gain the ability to make better use of the talent that already exists in their organizations.

They can reskill and upskill workers interested in learning new skills, ...

About the Podcast

Lucia Rahilly is global editorial director and deputy publisher of McKinsey Global Publishing and host of the McKinsey Talks Talent podcast. Emily Field is a partner in McKinsey’s Seattle office; Bryan Hancock is a partner in the Washington, DC, office; and Bill Schaninger is a senior partner in the Philadelphia office.

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