At one point, every manager struggles with a decision of whether to hire internally or externally. To put the issue into perspective, here’s a look at the pros and cons of hiring internally and externally:
A case for hiring internally
One reason that hiring internally makes sense is that it is good for morale. Employees feel more secure and valued when one of their own is hired. If your workplace is in a state of transition or turmoil as a result of a layoff, a merger or an acquisition, hiring internally can go a long way toward boosting confidence levels.
Giving your employees the first chance to apply for an open position shows a willingness to provide a level playing field in which employee contributions to the organization are also considered. It also demonstrates that there are opportunities for employees to progress.
Another reason to consider hiring internally is to control costs. Advertising, attending job fairs and ...(register to read more)