As companies struggle to find employees, many are looking internally to fill open roles.
Among a slew of new feature releases, LinkedIn on Wednesday revealed options that promote internal candidates to recruiters and help employees identify career goals and develop skills to reach them.
“Today’s leaders need to embrace internal mobility and make it part of their holistic hiring strategy. This lies not only in making internal hiring the norm — encouraging recruiting teams and hiring managers to tap into the qualified talent pool they already have to fill open roles — but also creating internal growth pathways that align with employees’ career goals,” Hari Srinivasan, vice president of product at LinkedIn, said in a blog post announcing the new features.
On LinkedIn Recruiter, the company created a new spotlight for internal candidates, and on the LinkedIn Learning Hub, LinkedIn is featuring open jobs at a worker’s company. The Learning Hub also gives employees an option to set career goals, assess their skills and follow day-to-day role guides for positions they might be interested in. To start, LinkedIn is offering role guides for 17 of the most in-demand roles on the site, such as project manager and software engineer, but plans to add dozens more in the next few months that can be customized by an employer, Srinivasan said.
Employers that fail to make internal hiring processes fair could drive employees away, a Gartner study from February said. Many employees are searching for new opportunities outside of their organizations instead of internally in part due to perceived unfairness, the report noted, but to fix this, employers need to make internal opportunities more clearly available.
The new features are part of a wider effort by LinkedIn to better customize options for job seekers and employers. Earlier this year, the company introduced Diversity Nudges, which filters recommendations for recruiters to improve diversity, and gives workplaces a section on their LinkedIn pages to show their emphasis on diversity, sustainability, career development and work-life balance, among other things. The company also gave workers the ability to tie the skills on their profile to their education, jobs and certifications to prioritize skill-based hiring. BrightPlan, a leader in Total Financial Wellness, today announced the availability of a new Advisor Portal and further expansion of its menu of service offerings including global country support, retirement readiness and survivor support. The new service offerings enable HR teams to provide empathetic support for critical life events and give employers a competitive edge in attracting, retaining and engaging talent. As a recognized innovator in financial wellness benefits and a strategic partner to employers and HR teams in supporting their employees’ financial success, BrightPlan’s comprehensive financial wellness solution that includes a digital platform complemented by seasoned financial planners, provides employees with the holistic financial and employer benefit support they need to address key careabouts such as debt reduction, emergency readiness, estate planning and more.
The new service offerings further demonstrate BrightPlan’s commitment to partnering with HR leaders in providing financial, emotional and administrative support for employees during critical life events. Shifting employee priorities and expectations have HR teams looking for new ways to support their workforce and drive talent acquisition and retention. This includes delivering a consistent employee experience across a global workforce, providing employees with the financial confidence to meet important life goals, such as retirement, and supporting employees through the emotional journey and financial complexities that accompany challenging times, such as the loss of a loved one.
“As a trusted partner, BrightPlan has demonstrated its continued commitment to supporting Bread Financial and our associates’ financial well-being,” said Lindsay Madaras, Sr. Manager, Associate Well-being at Bread Financial. “They have also willingly stepped up to work closely with us and our other benefits providers to enable a more cohesive and seamless associate experience. The new BrightPlan service offerings, such as Survivor Support, are another clear indication of how they listen intently to customer needs and deliver targeted solutions that help HR teams support associates through financial, emotional and administrative challenges following the loss of a loved one.”
In this period of high inflation and economic uncertainty, financial wellness support is highly valued by workers. In BrightPlan’s 2022 Wellness Barometer Survey, 88% of employee respondents said they expect their employers to provide the tools and resources to help them with their finances.
“We’re grateful to our customers for their continued partnership and are pleased to be able to support them in a more holistic manner with our new service offerings that enable them to guide employees during critical moments,” said Marthin De Beer, founder and CEO of BrightPlan. “As we look ahead to 2023, we’re committed to driving continued innovation in support of our customers’ needs and empowering employers and HR leaders to offer empathy, relevance and unparalleled expertise in supporting employees’ financial journeys and overall well-being.”
Innovative Support Services
BrightPlan’s new service offerings extend the value of its platform for employers while addressing the needs of diverse employee populations:
- Global Employee Support: A comprehensive and inclusive financial wellness benefit that delivers a consistent experience for global employees of U.S.-based employers. The service, deployed at scale, provides the personalization needed to simplify company benefits and personal finances for all employees and combines the digital platform with in-country financial planners who understand the economic and market trends of each country. BrightPlan continues to deliver on a customer-driven, global road map with defined implementation timelines.
- Retirement Readiness: In-depth retirement planning education, advice and resources that empower employees to achieve financial independence and confidently retire on-time. BrightPlan serves as an extension of the HR team providing financial and administrative support for retirement planning that helps them save time and resources and mitigate risk. The service also helps drive career mobility for mid- and entry-level top performers in the organization, increasing retention and productivity, while also lowering the high labor costs and health premiums associated with tenured employees that delay retirement.
- Survivor Support: Personalized support for employees and their beneficiaries who have lost a loved one, including help navigating the associated emotional journey and financial complexities. The service includes 24/7 digital support paired with empathetic financial counseling on employer-provided benefits, estate planning considerations, life insurance and more. Grief and bereavement education and ongoing administrative support for documentation requirements and account transitions is also available.
New Advisor Portal
To increase benefits utilization as well as provide greater scalability, security and compliance, BrightPlan is debuting a highly secure Advisor Portal that gives financial planners access to relevant employee financial information. By eliminating the need for employees to answer introductory, profile or repeated questions when talking with a financial planner, the Advisor Portal saves time and enables a more positive planning experience for all parties.
