HR: 6 steps to leverage intrapreneurship for innovation and talent engagement

In today’s hyper-competitive job market, retaining top talent has become one of the biggest challenges for
Human Resource (HR) professionals. High-potential employees are seeking competitive salaries but also
opportunities for growth, innovation, and impact within their organizations. According to a recent survey,
nearly one in three employees plans to leave their current job within the next 12 months, with the majority
citing limited career advancement as a key reason.
At the same time, in today’s fast-evolving business landscape, innovation is no longer just a competitive
advantage – it’s a necessity for survival. 84% of executives say innovation is critical to their growth strategy,
yet many struggle to foster it consistently within their organizations.
This is where intrapreneurship – a system that encourages employees to think and act like entrepreneurs –
comes into play. However, what is less known is that corporate intrapreneurship programs can be an
excellent motor for developing and retaining talent while simultaneously delivering tangible corporate
innovations.
Our study about managers’ motives for joining an intrapreneurial program highlights how HR can meet
their corporate goals by supporting these programs. It also suggests that intrapreneurship program
managers would be well-advised to partner closely with their HR function.
Let’s explore how HR can improve talent development and retention while boosting corporate innovation.