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When an employer has proper succession planning and retirement plans, it gives their employees a sense of growth, security, and a better future in the company. Employers must keep a tab on the workplace environment, organizational culture, and employee well-being from time to time.
As companies continue to put hiring pauses in place or even lay people off, they are also scrambling to find internal talent with the skills to meet their shifting business needs. As more and more companies begin to explore how to tap into the promise of internalhiring, they should also be aware of the potential pitfalls.
LinkedIn’s brand-new Global Talent Trends 2020 report cites internalhiring as one of the four trends that will reshape talent acquisition in the years to come. With the talent market historically tight, recruiting teams have begun scrambling to add internal candidates to their talent pools. “In But it is not a panacea.
LinkedIn’s 2020 Global Talent Trends report found that 41% of employees will likely stay longer with an organization that regularly hires from within. Make employeerecognition part of your company’s DNA Intrinsic motivation and passion are the foundation for employee engagement, as emphasized earlier in this article.
While you definitely need to be competitive with your compensation, many other factors serve as incentives for employees to apply for positions. We’ve already discussed the desire many employees now have for remote work and flexible hours – primarily for the sake of their own well-being.
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