Cut Attrition, Create Careers
Internal mobility is critical to a world-class talent strategy.
#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.
Internal Hires Perform Better, and Reach Productivity Quicker.
Academic research shows that internal hires outperform hires and reach productivity quicker. Not only that, but they cost less too: internal hires have 20% lower salaries.
Career mobility is not equitably distributed in your company.
Underrepresented women are 50% more likely to be passed over for a promotion than white men. This leads to a lack of diverse leadership and talent throughout your organization.
Find out what poor internal mobility costs you annually.
42% of employees leave due to poor career growth opportunities, according to the Conference Executive Board (now part of Gartner). [PDF]
It costs between 6 to 9 months of a departing employees salary to replace them, according to the Society for Human Resource Management.