In many engineering and IT environments, the main focus points back to security. That’s because the success of many firms relies heavily on protecting their intellectual property. Along with security, engineering firms must also focus on managing their workforce in order to maximize ROI on every project. This starts with tracking how much time your […]Read More >
Increase Engagement – Promote From Within
- nettime solutions staff
Filling a strategic position within your company can be challenging, particularly if you are working with limited resources and a tight budget. According to a study the Aberdeen Group conducted, 80% of companies stated that their top talent pressure is a shortage of critical skills available in the labor pool.
With less time, fewer tools, and a smaller team, a simple solution to help you jump over the hiring hurdles may be to hire from within.
Why? Here are just a few key reasons:
- Hiring and/or promoting from within signals to your employees that you recognize their contributions and are committed to their growth.
- As a result, the interest creates positive feedback in your organization and can increase employee engagement.
- The more engaged an employee is, the less risk you may have of losing them later on down the line.
Overall, hiring from within can reduce costs associated with talent acquisition, prevent lag time in training and onboarding, eliminate having to expand your budget in order to add on an head count and salary or wage, as well as minimize the effect of skill shortages.