Why Careers Matter
Career growth is the #1 concern for employees
Internal talent mobility is core to a world-class talent strategy. Providing career growth lowers attrition, ensures you’ve got top performing talent in the most important roles, and prepares your organization for future challenges and opportunities.
Lower attrition.
The #1 reason for employee attrition is lack of career growth. 42% of employees cite the lack of career growth as the reason why they left their employer. This beats out salary and people-related issues as attrition-drivers.
Improve performance.
Internal hires perform better and reach productivity quicker. Academic research shows that internal hires outperform their externally sourced counterparts and reach productivity quicker. Not only that, but they cost less, too. In fact, internal hires have 20% lower salaries on average.
Drive inclusion.
Career mobility opportunities are not equitably distributed in your company. Underrepresented groups are 50% more likely to be passed over for a promotion. This leads to a lack of diverse leadership and talent throughout your organization.