Why This Matters
Is your best talent "hoarded" by mid-level managers? In most organizations, the greatest barrier to innovation is Structural hoarding. High-potential employees leave because they feel "stuck" in a role, even though the company has plenty of problems they *could* solve. For CHROs, an Internal Market turns your static org chart into a dynamic Talent Ecosystem, retaining top performers by giving them the variety of a startup within the stability of an enterprise.
The 3 Key Shifts of a Talent Market
Inspired by Humanocracy and High-Impact Tools for Teams:
1. From "Permission" to "Participation"
In a traditional org, an employee needs their manager's permission to help another team. In a Market, the default is Participation. As long as the employee hits their "Core P&L," they have the right to invest their "Marginal Time" into internal projects that interest them.
2. From "Resource Allocation" to "Market Clearing"
Stop trying to "Assign" talent from the top down. It's too slow. Instead, let project leads "Pitch" their projects to the internal talent base. If no one wants to work on a project, it's a signal that the project might not be valuable or the leadership is poor.
3. The "Portfolio" Career Path
HR's role shifts from "Career Planning" to "Market Facilitation." Each employee builds a Skill Portfolio based on the internal projects they've successfully completed. This portfolio becomes their internal currency, more valuable than their job title.
Pro-Tip: The "10% Fellowship"
Don't wait for a full platform. Start a '10% Fellowship' program where any employee can spend 4 hours a week on a project in a DIFFERENT department. No manager approval required as long as 'Core Delivery' is met. This simple policy often surfaces your most agile leaders.
The 90-Day Implementation Roadmap
Phase 1: The "Skill Audit" (Month 1)
Stop looking at job descriptions. What can your people actually *do*? Use a tool like High-Impact Tools for Teams to map the 'hidden' skills in your organization. You'll find that your Accountant is also a data-viz wizard or your Support lead is an expert in SQL.
Phase 2: The "Micro-Project" Launch (Month 2)
Identify 5 "Stalled" projects in the organization. Post them on an internal board as "Micro-Engagements" (3-5 hours a week). Watch who steps up. This creates immediate value and proves the concept to skeptical managers.
Phase 3: Incentivize the "Talent Exporters" (Month 3)
The biggest barrier to a talent market is the "Hoarding Manager." Change your management incentives: reward managers who Export Talent to the rest of the organization. If a manager's team is consistently the "Seedbed" for the company's next leaders, that manager is your MVP.
Key Takeaways
- Talent hoarding is a death sentence for innovation.
- Internal markets increase engagement by offering growth.
- Reward 'Talent Exporters,' not just 'High Performers.'
- Treat your employees as skill-investors.