Internal hiring opportunities increase retention

The GoodJob Team | February 21, 2023

Plus: How GoodJob helps with identifying good hiring fits internally.

(Credit: LinkedIn Learning’s Workplace Learning Report, 2021)

In today’s fast-paced business world, employee retention is more important than ever. Fifty-one percent of L&D professionals say internal mobility is a higher priority today than it was before COVID-19. Keeping top talent within an organization is crucial for achieving long-term success, and internal hiring opportunities can play a significant role in achieving this goal.

One of the key benefits of internal hiring is that it allows employees to take on new roles and responsibilities within the organization, which can keep them engaged and motivated. In fact, a study by the Society for Human Resource Management found that employees with high internal mobility stay twice as long with an organization, with an average tenure of 5.4 years compared to 2.9 years for those with low internal mobility.

At GoodJob, we understand the importance of internal hiring and have developed tools to help employers make informed decisions about promoting and moving employees internally. Our PATH Assessment®, paired with our unique Job Role DNA™, can help employers identify opportunities for current employees and match them with roles that align with their dominant work-related traits and behaviors.

The PATH Assessment® is a self-assessment tool that employees can take to identify their dominant work-related traits and behaviors. Employers can then use these results to see how employees will perform in other roles within the organization. By comparing the employee’s PATH Assessment® results to the Job Role DNA™ for other roles, employers can determine if an employee would be a good fit for another position within the organization. This allows employers to focus less on whether the employee has the skills to perform the job today, and more on whether they have the behaviors and traits needed to learn and be successful in a new role.

Since COVID-19, internal hires have made up a greater share of all hires, with a 20% increase since before the pandemic. This is likely due to the uncertainty and instability caused by the pandemic, which has made it more challenging for employers to find and hire new employees. Internal hiring can provide an organization with a stable and reliable source of new talent.

In conclusion, internal hiring opportunities play a critical role in employee retention. By identifying opportunities for current employees and matching them with roles that align with their dominant work-related traits and behaviors, employers can increase employee engagement, motivation, and tenure. With the help of GoodJob’s PATH Assessment® and Job Role DNA™, employers can make informed decisions about promoting and moving employees internally, ensuring long-term success for their organization.

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