A good little tidbit from McKinsey on creating talent marketplaces that allow employees to find the best opportunities for them within their existing companies.

I’ve seen huge reductions in recruiting costs and higher employee engagement come from better succession planning -which lets companies have more visibility into their own talent pools. Imagine if we let employees help us out with that by searching out their own opportunities.

According to McKinsey, what prevents such a thing from taking place is the traditional hierarchical mind sets that “treat talent as corporate property and HR departments that chart career paths solely within organizational silos.”

There’s an interesting chart if you click the link.