9 in 10 local firms willing to promote from within–survey

More firms in the Philippines are willing to hire internally to fill available roles, according to Linkedin’s Future of Talent report 2021. In the report, Linkedin said 9 in 10 companies in the Philippines are willing to hire internally to leverage employees’ insider perspectives; provide a sense of progress to employees; and encourage loyalty.

The report was based on a 20- minute online survey conducted with over 3,500 respondents from small, medium, and large enterprises.

“The talent architecture within an organization has changed. organizations have started to hire for open roles internally and now allow more of their workforce to work remotely. This looks set to continue as we move forward into a post-pandemic world ,” the report stated.

When hiring internally, Linkedin said firms look for communication, problem-solving, and strategic thinking skills from employees.

However, the data showed that there are challenges to hiring internally. Many companies lack the time and other resources for training, which is a concern for 65 percent of companies.

other concerns, Linkedin said, were the difficulties of identifying employee aspirations, which is the case in the Philippines and Malaysia; lacking incentives to encourage internal mobility; and the lack of upskilling or reskilling programs.

“In order to circumvent these challenges, organizations can invest in tools that will allow them to engage their employees and better identify and understand their aspirations. They can also implement continuous learning programs to enable their employees to take on other roles within the organization,” Linkedin said.

Tackling these challenges, Linkedin said, would lead to the expansion of the roles of Human resource teams in organizations.