Internal Recruiting: The Secret to How Successful Managers Retain Talented Employees

Internal Recruiting: The Secret to How Successful Managers Retain Talented Employees

By Ann Niemeyer, Principal HCM Consultant at Terillium

The ability to attract and retain talent continues to be one of the top challenges for HR teams as we move forward into 2017. In 2015, one quarter (33.4 Million) of US employees voluntarily quit their jobs.* As a manager, are you taking steps to keep your team members onboard and engaged?

“Nearly three-quarters of workers are open to new employment.” – 2016 JOB SEEKER NATION REPORT

One way leading managers keep employee turnover low is with internal recruiting. Chances are external recruiters are actively pursuing your top employees. If you are not also continually “recruiting” your existing talent you run the risk of losing valuable employees.

Linkedin recently released their 2016 Global Talent Trends, Data on How Candidates Want to be Recruited.** The key points noted in the article are not only valid for attracting new talent but should be of interest of any manager that wants to retain their productive team members. The trends noted in the LinkedIn article include:

 

90% OF GLOBAL PROFESSIONALS ARE INTERESTED IN HEARING ABOUT NEW JOB OPPORTUNITIES
Are you working with your team on their career development plans and how they can grow within your company?
MORE THAN TWO OUT OF EVERY FIVE PEOPLE SEE THEMSELVES AT THEIR CURRENT COMPANY FOR LESS THAN TWO YEARS
How well does your team know about the future direction of your company? Money is not the only motivator as far as why people leave. Are there opportunities on the horizon that would intrigue your team members, and give them the ability to make a larger difference for your organization?
66% OF PEOPLE WHO RECENTLY CHANGED JOBS WERE AWARE OF THEIR NEW COMPANY BY THE TIME THEY FIRST HEARD ABOUT A JOB OPPORTUNITY
The number one way candidates first discover a new job is through an employee referral.Does your organization have internal social networking? It might be the right time for a strong team member to leave their current position, but it does not mean that they need to leave the organization. Networking internally within an organization will not only assist with communications between teams but also increase your team’s awareness of opportunities anywhere in the organization.
The bottom line: managers today have two choices – either be an active internal recruiter to retain your top employees, or else be continually recruiting externally to find replacements.
Sources

*Catalyst Turnover and Retention Knowledge Center

**2016 Global Talent Trends

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