Your company commits significant time, energy, and resources to talent recruitment. However, you may find that your next great hire already works for you.
Ultimately, promoting from within offers many benefits to businesses of all sizes and across all industries. These benefits include:
1. You Know What You’re Getting from Your Next Great Hire.
An employee can prove their value over time. Meanwhile, if you give this worker a chance to grow within your business, they may become a key contributor across your operations. The result: you can promote this worker and know what to expect from them.
2. You Can Reduce Employee Turnover.
Your company wants to minimize employee turnover. To achieve its goal, you can provide career advancement opportunities. For instance, you can offer training programs that allow workers to improve their skills or develop new ones. Workers can use these programs to enhance their skill sets and become more productive and efficient than ever before. Plus, they may be more inclined to stay with your company. And if you are willing to promote workers who complete various training programs, they may thrive with your business for many years to come.
3. You Can Lower Your Talent Recruitment Costs.
On average, it costs about $4,000 to hire a new employee. Comparatively, it may be more affordable to promote from within. Doing so ensures you can hire an employee who may already have the skills and training to handle the responsibilities associated with a new role. At the same time, you won’t have to worry about searching far and wide for talent externally. Instead, your business can save money and reallocate it to other areas of its operations.
Tips to Identify Your Next Great Hire from Your Internal Talent Pool
There is a lot to like about promoting employees to new roles. Yet you need to prepare accordingly. That way, you can ensure workers are well-equipped to handle new jobs. And you can ensure that your business can get the best results from its internal talent pool.
To identify your next great hire from your internal team, engage with your staff. Find out what staff members want to accomplish and if they are happy in their current jobs. This allows you to assess employee satisfaction levels. Also, you can find out if certain employees are looking for new career opportunities.
Of course, if you have a high-performing employee on staff, meet with them. Ask this worker about their career goals and if they would consider a new career opportunity. From here, you can help this employee accomplish their career goals. One of the best ways to do just that: promote this worker to a role that aligns with their career aspirations.
Want Help with Talent Recruitment? Partner with Ascend Staffing
Along with searching within your business for top talent, you may want to consider external job candidates. In these instances, Ascend Staffing can help. We provide access to a large talent pool that can help your company in many ways. To learn more, please contact us today.