According to an article found in Deloitte Insights, many companies in 2019 are placing more emphasis on hiring within their organization first. According to the writers hiring within has historically not been the route taken by most companies. However, due to the shortage of qualified recruits business’s are starting to see the value in gleaning talent from their existing employee pool. Of course, this is good business sense. Return on Investment for training current employees would be high because they already have a strong knowledge base of how the business operates.
Pros to promoting internally:
- Your current employees know the culture of the company.
- Save time and cost on hiring campaigns.
- Provides an incentive for current company talent.
As talent markets get tighter and the world becomes more connected, a major new trend has emerged from our research: the need to improve internal talent mobility to more effectively move people among jobs, projects, and geographies. This year, internal talent mobility has become a C-suite-level topic, with 76 percent of our survey respondents rating it important and 20 percent rating it one of their organization’s three most urgent issues.
Erica Volini, Jeff Schwartz, Indranil Roy, Maren Hauptmann, Yves Van Durme,Brad Denny, Josh Bersin : Talent Mobility: Winning the war on the home front[Web log post]. Retrieved May 9, 2019, from
This quote from Claudette Dunlap further highlights the shortage of available candidates. She places emphasis on the fact that there are more jobs available than there are people to fill them.
With more job openings than people to fill them, recruiters have a long road in 2019 to combat the effects of a tight labor market. Not only do recruiters need to overcome the lack of candidates to fill positions, but they will also need to find creative ways to overcome any skills gaps that exist. Finding ways to offer training or career development represents a significant opportunity for differentiation.
Claudette Dunlap, Director of National Sales at TempWorks Software
If you have the existing talent within your organization it makes complete sense to build on their existing skill set. Not only are you creating growth opportunity for your employees but you are also retaining employees during this tight labor market.
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