Unlocking Potential: The Power of Investing in Existing Talent

View profile for Michael Thompson, CPTM

Founder & Principal - SkillWell Strategies | Small Business Learning & Development | Workforce Upskilling | Leadership Growth

One of the most powerful lessons I’ve learned is that talent is often already in the room. When businesses invest in their existing employees, the results are remarkable: stronger loyalty, higher retention, and future leaders who already understand the culture. Development is not just about filling roles, it is about unlocking the potential that drives long-term growth.

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🔄 34% of small businesses cannot fill open positions, but the solution might be right under your nose. While everyone is fighting over external talent, smart companies are building their talent pipeline internally. The data is compelling: businesses that invest in “rising talent" (employees without college degrees stuck in low-paying roles) create more resilient, loyal, and skilled workforces. Consider this approach: • Identify high-potential employees in entry-level or underutilized positions • Partner with L&D consultants to develop targeted upskilling programs • Create advancement pathways that keep talent engaged and growing Organizations that focus on workforce development see significantly higher retention and promotion rates, proving that internal investment can be just as impactful as external hiring. At SkillWell Strategies, we help SMBs identify hidden potential in their existing workforce and design development programs that turn retention challenges into competitive advantages. 💡 Leaders: Have you identified employees who could grow into bigger roles with the right development? What is holding you back from investing in their potential? #TalentDevelopment #EmployeeRetention #Upskilling #WorkforceDevelopment #SkillWell #BusinessGrowth

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