Seventy percent of companies have increased their investment in internal mobility this year
SAN FRANCISCO, May 5, 2022 /PRNewswire/ -- Lever, a leading Talent Acquisition Suite, recently partnered with Aptitude Research to conduct their latest report, Internal Mobility: Challenges, Strategies, and Technology, uncovering how the investment in internal mobility has changed, where responsibilities lie, challenges, and strategies. While almost three quarters of companies surveyed have increased investment in internal mobility this year, only less than a quarter (22%) plan to keep the same investment going into next year, but well over half (84%) of these companies are incorporating internal mobility in their talent acquisition strategy moving forward.
With companies using more internal mobility tactics during The Great Resignation, recent estimates suggest that managers can expect to receive an average of 10 internal applications for every open job, meaning that 9 employees — 10 if hiring an external candidate — hear "no" each time a job is posted. This same research indicates that rejected internal candidates are nearly two times 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 .
"The amount of lost productivity, combined with the costs of finding replacements for these employees and length of time to hire can be substantial," said Nate Smith, CEO and founder of Lever. "There are many benefits to offering jobs to internal candidates that companies tend to overlook - these are more meaningful opportunities and deeper insights into talent while supporting broader talent acquisition goals."
The report revealed that technology alone will not fix internal mobility, as internal mobility's key to success is the company itself. While technology can assist with components of internal mobility, companies should start with ensuring their processes, communication, and company culture areset up for success. One in two companies have higher turnover this year than last year, and well over half (70%) of companies believe that employee burnout has increased this year. Given the competitive candidate market, employees have greater demands, greater expectations, and a greater influence over their employers, and employers need to keep this in mind while deploying internal mobility strategies.
"We found that key drivers forcing companies to prioritize internal mobility has become a critical part of Talent Acquisition teams' responsibility," said Madeline Laurano, Founder, Aptitude Research. "Internal mobility needs to be seen as high reward and less work; the future of internal mobility and a company's success is dependent on companies embracing a strategy for both internal and external candidates, personalizing these communications, and better leveraging technology to increase business results."
Additional findings from the report include:
The Main Gap for Internal Mobility Success is Communication
Diversity, Equity, and Inclusion (DEI) Impact on Internal Mobility
Lack of Manager Support for Internal Mobility
To download the full Report, see here.
 Research: Why rejected internal candidates end up quitting. Harvard Business Review. (2021, September 17). Retrieved 2022, from https://hbr.org/2021/07/research-why-rejected-internal-candidates-end-up-quitting.
About Lever Lever is a leading Talent Acquisition Suite that makes it easy for talent teams to reach their hiring goals and to connect companies with top talent. Lever is the only platform that provides all talent acquisition leaders with complete ATS and robust CRM capabilities in one product, LeverTRM. The Lever Hire and Lever Nurture features allow leaders to scale and grow their people pipeline, build authentic and long-lasting relationships, and source the right people to hire. Lever Analytics provides customized reports with data visualization, see offers completed and interview feedback, and more, to inform strategic decisions between hiring managers and executives alike.
Lever's platform also enables companies to hire with inclusivity in mind, helping eliminate any hiring bias. Lever supports the hiring needs of over 5,000 companies around the globe including the teams at Netflix, Spotify, Atlassian, KPMG, and Nielson. For more information, visit https://www.lever.co.
About Aptitude ResearchAptitude Research is a leading human capital management (HCM) research and advisory firm. Our in-depth research and vendor assessments help HR leaders develop a deep understanding of the HCM technology landscape, including talent acquisition and engagement, to ultimately make better purchase decisions.
Our flagship research, The Aptitude Index Report: Talent Acquisition Systems (2021), delivers a comprehensive look at talent acquisition trends and technology. This knowledge, combined with our consulting and advisory services, enables companies to save time, money and improve the recruiting, hiring and workforce management experience.
Founded by leading analyst Madeline Laurano and based in the Boston area, Aptitude Research provides a wealth of HCM expertise to companies, vendors and investors. View our recent and upcoming research at AptitudeResearch.com or connect with us on Twitter or LinkedIn.
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