Employees who feel stuck in their career look for greener pastures. Keeping employees engaged in their careers and supporting employee mobility can significantly reduce attrition. When you facilitate learning and development for your staff, you encourage their loyalty.
The secret to employee mobility is three-fold: 1) providing L&D opportunities, 2) promoting from within, and 3) using analytics to identify top talent. These actions keep your employees from looking for outside options.
Workers want to reskill. According to the PwC Global Survey,
Making L&D and skills/leadership training a priority not only helps attract top talent but keeps employees engaged and eager to grow within your organization. Without training, employees can feel like their career has stagnated, and attrition rates go up.
Always hiring externally instead of promoting internally can be a huge mistake, that causes a multitude of problems for your company:
According to research from Wharton, external hires cost more and perform worse than workers promoted into positions from within. In addition, employees at companies that promote from within stay 41% longer than those that hire externally.
Analyzing your workforce can give you insights that help you:
Crosschq Analytics is the ideal tool for monitoring employee statistics, satisfaction, and performance. You can stop employees from getting stuck, help unstick them if they do get stuck, and power their career trajectory with insights gained from employee data.
To learn more about how Crosschq Analytics, contact us for a demonstration today.