The main reason is the lack of internal vacancies within organizations — something increasingly common in today's corporate environment.
Many companies believe that hiring a professional who is already "market-ready" is faster and cheaper than investing in training and internal development of their teams.
But for every employee hired externally, several internal professionals end up becoming demotivated, insecure, and even experiencing a drop in performance.
This happens because they believe the company did not give them a chance to advance in their careers. And let's be honest: in most cases, that is the plain truth.
Only 28 percent of talent acquisition managers say that internal candidates are important for filling open positions.
The next time someone tells you that hiring externally is faster and cheaper than developing internal talent, remember this fact:
External hires can take up to 3 years to achieve equivalent performance to an internal employee in the same role.
Unless your company is desperately hiring more staff due to rapid growth, the talent you need so badly is often right there, within your own business.
But identifying the right moment and which talents to develop is quite a challenge in the daily routine of any HR professional who needs to hire, engage, and develop their team simultaneously.
People Management has become so important that the world's largest companies are no longer limiting the practice to a single department.
People no longer want a job without purpose. Understanding this is essential in any company today.
Source: Startse