Let's take a look at some eye-opening data:
% of Internal Hires
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Internal Mobility is in High Demand
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Internal mobility rate globally between April to August 2020 was 19.6%.
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Internal hires made up 20% of all hires from April 2020 to August 2020, indicating organizations are increasingly looking to fill vacancies through internal mobility.
Job Boards are a Key Player
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41% of employees found their jobs on online job boards.
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Nearly 80% of companies use social media in their recruitment process, but only 68% of recruiters found success on LinkedIn.
% of jobs found on online job boards
Employee Tenures
Low Internal
Mobility
+41%
High Internal
Mobility
Empower Your Employees
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Employees apply for jobs not just because they want a new job, but also to learn about potential opportunities.
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Employees stay 41% longer at companies with high internal hiring rates.
Feedback is Key
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Rejected internal candidates are almost x2 as likely to leave their organizations compared to those who were either hired for an internal job or had not applied for a new job at all.
x2
Likely to leave
46%
Lack Opportunity
Provide Opportunities for Growth
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46% of employees cite a lack of opportunity to learn new skills as the top culprit of workplace boredom.
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The half-life of specific technical skills is now approximately 2.5 years.
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Opportunities to learn and grow is one of the top three factors in retaining millennials.
So, how can an Internal Mobility Job Board help?
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Connect employees with internal opportunities, reducing the risk of losing them to external competition.
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Increase visibility of internal mobility opportunities and provide a platform for feedback and support.
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Empower employees with the tools they need to grow and succeed within the organization.