Improve Employee Longevity

When you hire internally, it shows that there's opportunities in your organization and that can increase engagement and reduce turnover. In fact, LinkedIn's Global Talent Trends report shows that employees stay 41% longer at companies that promote internally. Now, I'm not suggesting you never hire from the outside. There are times when bringing in a new perspective or getting specific experience is very valuable and exactly what you need. But we just need to make sure we're aware it's not without risk and cost.