How Internal Hiring Can Boost Employee Morale and Engagement
Retaining the Best Talent for Your Business: The Power of Internal Hiring
Kelsey Young, Copywriter and Media Specialist
5 Min Read
Too often, when a business talks about hiring, they are referring to building a strong talent pool of applicants. This allows a company to tap into qualified candidates when jobs become available.
The conversation around hiring must also consider internal hires. Innovate your company’s talent strategy with internal promotions and skill development to nurture a high-performing workforce.
When businesses promote from within, they can tap into the skills and knowledge of their current employees. The employees also see this as their company investing in their career and staying with the company longer.
Employees want to see their managers, and even c-suite take an interest in cultivating their talents and recognizing their accomplishments. According to the 2023 LinkedIn Learning Report the number one way for an organization to improve employee satisfaction and retention is to provide learning opportunities and career planning to their employees.
The same report says three of the top five factors that drive people to pursue new jobs reflect their desire to stretch, grow, and develop new skills. Additionally, only 14% of employees surveyed said their organization sat them down to talk about their career goals and build a development plan.
With statistics like this, it is not surprising to hear how quickly the current workforce moves between various jobs.
Simply investing in one’s employees is the best way to improve morale and get more buy in from employees. This can save time and money on recruiting and onboarding costs, and it can also help to boost employee morale and engagement.
Benefits of Internal Hiring
Today’s workforce values a company who provides professional development and opportunities for advancement.
Employees want the opportunity to continue to grow and develop their skills over their careers. According to extensive research from Zippa, 45% of workers would stay at a company longer if it invested in their learning and development.
They also want to know that their hard work will be recognized and rewarded. When businesses offer internal mobility, they are sending a message to their employees that they are valued and that their contributions are important. The same study says that 76% of employees are looking for opportunities to expand their careers.
Additional benefits of internal hiring:
- Increased employee satisfaction. Employees who advance their careers within their current company are more likely to be satisfied with their jobs. This can lead to increased productivity, decreased turnover, and a stronger company culture.
- Improved employee morale. When employees feel like they have opportunities to grow and develop, they are more likely to be motivated and engaged in their work. This can lead to better performance and a more positive work environment.
- Reduced recruitment costs. When businesses hire from within, they save money on recruiting and onboarding costs. This can be a significant savings, especially for larger companies.
- Increased access to talent. When businesses hire from within, they have access to a pool of qualified candidates who are already familiar with the company culture and operations. This can make it easier to find the right person for the job.
Overall, internal hiring is a valuable practice that businesses can use to improve their workforce.
By promoting from within, businesses reinvest in their employees, increasing retention, boost employee morale and engagement, and create a positive work environment.
How Businesses Can Improve Internal Mobility
One way is to create a culture of learning and development. This can be done by providing employees with opportunities for training and development, both formal and informal. Create a culture of annual reviews or feedback on projects. Formally acknowledging employees’ accomplishments fosters a culture of positivity and a sense of worth. When employees feel like they are valued and that their contributions are appreciated they will continue to reinvest in their company and their work.
In addition to creating a culture of learning and development, businesses can also improve internal mobility by making it easy for employees to apply for internal positions. This can be done by creating a centralized system for job postings and by making it easy for employees to submit their resumes and cover letters. Businesses can also create a mentoring program to help employees develop their skills and knowledge.
Internal hiring is a valuable tool that businesses can use to attract and retain top talent. By promoting from within, businesses can save time and money, boost employee morale and engagement, and create a more competitive workforce.
Tips for improving internal mobility within your organization:
- Create a culture of learning and development. Provide employees with opportunities to learn new skills and develop their careers. This could include offering training programs, tuition reimbursement, or other forms of professional development.
- Make it easy for employees to apply for internal positions. Create a centralized system for job postings and make it easy for employees to submit their resumes and cover letters.
- Create a mentoring program. Pair experienced employees with new employees to provide guidance and support.
- Celebrate employee success. When employees are promoted or take on new challenges, they recognize their accomplishments. This will help to create a culture where employees feel valued and appreciated.
The goal is to create an organization where all employees feel like they have opportunities to grow and develop their careers. This can lead to increased employee satisfaction, morale, and productivity.
Internal mobility, as well as learning and development are critical to employee retention.
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