If every unemployed person in the country found a job, we would still have 4 million open jobs (U.S. Chamber of Commerce) . Where can growing businesses find workers? 75% of recruiters say internal recruiting will play a major role in talent acquisition in the next 5 years (LinkedIn).
Internal recruiting drives retention and saves time and money . But it can also lead to stagnation and jealousy . To succeed, HR leaders should:
- Proactively engage employees by promoting internal opportunities, building career paths, and holding frequent one-on-ones between managers and direct reports .
- Plan for talent needs using competency frameworks, online assessments of hard and soft skills, ongoing analysis of market and industry trends, and a focus on building internal talent pipelines .
- Combat talent hoarding by fostering a performance- driven culture with 9-box talent reviews and inter- departmental collaboration .