Opportunity Marketplaces may be a relatively new development, but pioneering organizations are already harnessing them to increase agility and put their employees in the driver’s seat of their careers.
As one of the platform’s earliest adopters, Schneider Electric’s success demonstrates just how game-changing an Opportunity Marketplace can be. When internal surveys revealed that nearly half the employees who left the business did so because they felt they lacked sufficient visibility into growth opportunities, the global energy management company knew it was time to do something different. In addition to improving retention, Schneider Electric’s Opportunity Marketplace has enabled the enterprise to unlock more than 200,000 hours, creating a savings of over $15,000,000 in productivity gains and reduced recruitment costs.
Unilever, the leading multinational consumer goods enterprise, has reaped similarly impressive results after implementing their Opportunity Marketplace. Rather than looking at just one metric to measure success, the platform has had a myriad of impacts, as Patrick Hull, Unilever’s VP, Future of Work, explains. “There’s a productivity dividend, there’s an attrition dividend, and we’re reducing time to hire. So all of these commitments have both a business benefit and a social benefit, which is why this really felt like an idea that deserved our attention in the first place.”