Your next best employee is likely your current employee, said Ryan Roslansky, the CEO of LinkedIn recently. Furthermore, he said that if you focus on building skills and insights into the skills of your current employees, there is a great chance to help your top talent find other roles within your company, instead of leaving. According to LinkedIn data, an employee who has moved internally has a 75% chance of staying after two years, compared to the paltry 56% for an employee who has not experienced internal mobility.
The key concept here is an insight into skills, both hard – and soft skills. These “people analytics” building blocks are often lacking today, but fortunately, they exist and can be practically applied and leveraged.