Talent Acquisition Strategy: Train or Let Go?

in best •  3 years ago 

Internal mobility of employees is not a novel concept. However, it has gained a lot of attention in recent times. Also, a lot of people are adopting this method for their organization. The movement of promotion of the employees that have already been working with you will provide many advantages. It will help you to create a talent pool from your existing staff.

Now, you might be wondering how you will know that it is the right time to train or retrain your existing people. You might also wonder when it would be a healthy exercise to employ new staff? If you are also spoilt for a choice between internal or external recruitment, then read this article.

Advantages of internal mobility

Internal mobility will enhance the progress of the already employed employee. It will lead to an indirect and positive effect on the growth of your business. Promoting employees encourages them to work harder, which will eventually prove fruitful to your organization. It would help expand and grow your company, built by loyal and long-term employees.

Businesses often repeat the mistake of searching for the perfect candidate outside when they already have one. Finding the ideal candidate from the existing staff is a more cost-efficient method than external employees. Moreover, internal employment will also encourage and motivate other employees to work harder than ever before.

Here are some vital advantages of internal mobility of employees:
They know your company’s requirements better.
People who are already working for you will know your company better than a newcomer. When an employee works from a bottom level and then is mobilized upwards, they will know and understand the business and make an informed decision for your company. Moreover, the existing staff will quickly settle after promotion because of familiarity with other members and the environment. On the other hand, a new employee will take a longer time to adjust and resolve.

Easy to nurture an established relationship
Another advantage of internal mobility is that the employee would have already established healthy relationships with other organization members. They are acquainted with each other, and they perform better as team members.

The main thing in any business is understanding and teamwork. These two qualities are all the more critical when an employee is in some leadership position. New employees might take a longer time to adjust to the new working environment and build up relationships before they start working to their full potential.
Reduced Training Time Required
A person who has been working for you for a long time will know about your business, and thus he or she will require less training daily than a new employee.

Internal employees have a fair idea of the working of the business. Therefore, they gear up with their new roles and responsibilities very quickly. It will help them to start working in their full capacity from day one, thus preventing the loss of even a day.
Already Familiar With Each Other
You can know a lot about a person through interviews, but that information cannot give you every little detail about the quality of work or service that a person will provide.

On the other hand, you already know your existing staff, you have seen their work, and hence you can anticipate the type and quality of work you can expect from them. You will know which employee is good at assigning the new post to the most deserving candidate.
Should you consider external recruitment?

It is possible to not find the right candidate from within the existing staff circle. It is also possible that a new position's experience and skills do not match your staff's skills. Sometimes employees might even leave their jobs because they are not getting the right type of experience. In such cases, it would be wise to look for external recruitment options.

Final Words

Sometimes it will prove more beneficial for a company to hire a new person, and sometimes it will not. You will need a sound HR strategy to analyze the pros and cons in both cases and then make the right decision - to go for internal mobility or hire a new employee.

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