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Promotions vs. external hires: Who performs better?

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in Hiring,Human Resources

External hires receive significantly lower performance evaluations and higher exit rates during their first two years on the job than do internal hires who are promoted into similar positions, according to a study by management professor Matthew Bidwell of the University of Pennsylvania’s Wharton School of Business.

He says it takes about two years for external hires to get up to speed because they need to build new relationships and figure out how best to fit into the new role.

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