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Now, you might be wondering…who are we and why are we so obsessed with internal mobility and talent retention?
Paddle HR is an enterprise-ready, AI-powered career pathing platform. Powered by 400M people’s career histories, we help…
Employees find new career paths
Managers better coach their employees
HR professionals better understand how talent moves within their organization
#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.