Internal talent development and skills growth are now nonnegotiable if you want to retain employees and grow your business. Organizations need to invest in their employees’ career growth, as the market for talent is competitive, and employees are often poachable. Use three key strategies to reduce churn and its associated costs: First, embrace radical ownership. Companies should take a top-down, bottom-up approach to internal mobility and career growth, allocating sufficient resources and celebrating employee successes. Next, provide tools and guidance. Organizations should equip employees with the tools and guidance necessary for career pathing. This includes using AI-powered self-service platforms that offer insights into new roles and skills requirements, encouraging employees to take responsibility for their career development. Finally, employ effective communication. Clear and engaging communication is crucial in the journey toward a skills-first organization. Providing feedback and constructive guidance to employees throughout the process ensures they understand the importance of skills growth and career advancement. Prioritizing skills development and internal mobility is not just an HR concern; it’s essential for overall company growth, leading to improved employee engagement, retention, and productivity.