Don't Ignore The In-House Talent In Your Company

A 2016 LinkedIn study, which covered more than 26,000 working professionals, revealed that a quarter of them were intent on bagging that promotion. With no plans of quitting their companies, these people were intent on climbing up the ranks. However, the same research also indicated that nearly an equal number of professionals (24 percent) were keeping their eyes open for opportunities elsewhere because they had been passed up for a promotion.

So, did the chicken come first or the egg? Are companies driving away their homegrown talent by hiring externally? Or, are companies forced to hire outside because they can’t find the perfect skill-match; they’re worried the training would be wasted on someone who would eventually quit; or the workplace culture makes it tough to move people around internally?

Internal Hires Check Most Of Your Boxes

Nevertheless, there are multiple benefits to hiring internally: Besides saving money, time and energy spent on hiring someone new, internal hires come already integrated with the company culture. In most cases, they come with a greater understanding of the job’s requirements and are able to get started on the job faster than someone new.

And, finally, it sends out a message to all employees that the company is interested in people developing themselves and in helping them do work that motivates and challenges them.

Semco’s Prata Da Casa Program

Wilson Campos, is a project manager at Semco. But he wasn’t always into project management. Until the end of 2013, he was in the engineering department working as a design engineer. “But, even as an engineer, I found myself wondering why things happened in a certain way. I was interested in looking at the numbers, asking questions and learning more about contract and project management,” he says.

Incidentally, an opening came up in the contract management department and he was invited to apply for the job. So, through the Prata Da Casa program, he was given the chance to participate in the interview process and he eventually landed the job.  

Internal Hiring Is Much More Than Easy

Although most companies spend a huge chunk of their hiring resources on bringing in external talent, onboarding and training them, internal hiring isn’t an obsolete concept. In fact, most companies realize that it’s the most cost-effective manner in which they can fill open positions.

A recent study by Matthew Bidwell from the University of Pennsylvania concluded that people hired internally generally performed better than those who were hired externally. Moreover, there’s less risk of an internal hire suddenly quitting their job, when compared to external hires. Finally, internal hiring tends to facilitate organizational mobility, which leads to better cross-functional communication and development, while effectively retaining talent.

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