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Organisations spend a substantial amount of time and money hiring the right employees from competitive industries but they often overlook one key aspect – that of hiring employees within the company.
According to Forbes, it takes more time for external hires to begin performing than internal candidates promoted on the job. The promotion plays an important role in increasing employee performance and retaining talented employees as well as in reducing employee turnover and hiring costs.
Here is how to incorporate career progression internally:
Career Development Plans: By anticipating the organisation’s human resource needs in the future, the gap in skill sets between current and future employees can be bridged. This enables employees to take charge of their own career paths, grow within the organisation, and in due time, view the company not just as an employer that provides a salary and benefits, but also one that promises a fulfilling career.
Internal Job Postings: Job vacancies which highlight a preference for internal candidates can help source talent without the need for extensive interviews and skill assessments etc. They can be made known through the company’s local intranet, e-mails and notice boards. However, to ensure that the best crop of candidates is selected, the hiring process should be the same for internal and external candidates with complete transparency.
Skill Development: A culture of upward mobility can be cultivated by preparing employees through training and customised coaching which will, in the long run, enhance skills. Customised training is especially useful because it can address organisational inefficiencies which company employees are already aware of.
Partner With Line Managers: Assigning mentors to junior employees can lead to multiple benefits including promoting leadership within the organisation based on an employee’s experience and expertise and by imparting skills such as management and teamwork to junior employees. These skills can then be rewarded through career development plans with progression through internal job postings.
– Zeeshan Lakhpaty
The writer is a professional corporate trainer.
First Published in the Careers Section of The DAWN National Weekend Advertiser on June 16, 2013.