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Investing in your people: Why more companies are prioritising internal talent over external hires

LACE Partners

Our latest Talent Dinner gathered key players to discuss the challenges faced by HR and Talent leaders and, of course, to come up with some solutions. Following the turbulence of the last couple of years, HR and Talent leaders are shifting their talent acquisition approach towards internal strategic solutions. Here’s why.

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The Dynamic Organization: 6 keys for success in the post-industrial economy

HRExecutive

Most importantly, they operate in a systemic, interconnected manner, rather than isolated silos. They not only develop, reassign and nurture their employees with continuous investment but also build transformation-centric reward systems, leadership frameworks, work practices, team frameworks and cultures.

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The One Tool to Best Accelerate Internal Hiring

Linkedin Talent Blog

For employees at Siemens , the path to career advancement at the German engineering and technology company is just a few clicks away. Workers can log on to a talent portal called MyGrowth and within seconds be connected to job openings, courses, and even a “self-reflection” tool that helps them assess their skills and their aspirations.

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Managers Make or Break Your Culture of Career Mobility

Degreed

And once those opportunities are defined, “It’s the manager’s role to partner with employees to help them progress on their career journeys,” Palmer said. The end goal is creating a rich and supported learning culture — one that integrates your skills, technology, and implementation strategies. Rewarding Connection. Learn More.

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HR Lessons from 10K Feet

SumTotal

Another report, which examined the disparity between our educational systems and the job skills employers’ need, noted that, in the US, 45% of employers said lack of skills was the “main reason” for entry-level vacancies. [2]. Most organizations reward managers primarily, if not solely, on what their departments accomplish.

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The 2020 Vision for Talent Acquisition: It's An Inside Job (i4cp login required)

i4cp

The central theme to all of the feedback we received is that it’s an inside job: The creation and sustainment of a bustling internal talent marketplace is as mission critical as building external strategic talent pools that can result in swift hires for critical pipeline roles. No pressure there, right?

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The 2020 Vision for Talent Acquisition: It's An Inside Job (i4cp login required)

i4cp

The central theme to all of the feedback we received is that it’s an inside job: The creation and sustainment of a bustling internal talent marketplace is as mission critical as building external strategic talent pools that can result in swift hires for critical pipeline roles. No pressure there, right?