Magazine article Business Credit

Online Job-Posting Facilitates Lateral Transfers at Household International

Magazine article Business Credit

Online Job-Posting Facilitates Lateral Transfers at Household International

Article excerpt

When Household International, the Prospect Heights, Illinois-based provider of financial services, went through a restructuring in 1990, displaced employees used the internal job-posting system to find new opportunities within the company. Approximately 75 percent of 200 displaced employees found new jobs this way.

At the time, the posting system, known as Inside Track only was available to the company's 5,000 Chicago-area employees. Because it was so successful in relocating those affected by the restructuring, however, human resources managers began to wonder if Inside Track might help with career moves for employees who weren't being displaced.

Believing that employees and the company have a joint responsibility for career development, in August 1992 Household made Inside Track available to all 14,500 employees at 450 offices around the country. Now, by using their personal computers, every employee can access the company's open positions, up to the level of assistant vice president.

According to Beth Derman, manager of corporate programs, having a nationwide system sends the following messages to employees: That the company is serious about career development and the opportunities aren't limited based on location, division, or job experience. "If you're in accounting, you can go into marketing," Derman says. "If you're in HR, you can go into sales." The goal is to empower people to take charge of their own careers.

Because Household International strongly believes managers have a responsibility when it comes to career development, the company offers them an incentive to refer employees to Inside Track. …

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