Promotion from Within vs External Hiring: Benefits and Pitfalls
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Added on 2019-09-23
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This article discusses the benefits and pitfalls of promotion from within and external hiring. Internal hiring boosts employee morale and trust, while external hiring brings fresh talent and outlook. The article also highlights the risks associated with relying on unknown individuals for success and growth. The subject is Human Resource Management, and the course code and college/university are not mentioned.
Promotion from Within vs External Hiring: Benefits and Pitfalls
Added on 2019-09-23
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1HUMAN RESOURCEMANAGEMENT1
2Q. Promotion from within or outside hiring, benefits, and pitfalls of each approachInternal hiring refers to the process of promoting existing employees for availablevacancies. External hiring, on the other hand, means hiring individuals from outside organisationlike colleges, institutions etc. for the concerned vacancies. The company promotes within itselffor filling vacancies because it boosts the morale of employees, the company is familiar with theold employee, therefore, the trust factor is also there, the training process of these employees alsobecomes easier in an effective way (Erickson, 2017). Other organisations, especially, bogcorporate prefer to hire fresh talent from external sources. This gives them fresh and new outlookfor their important business tasks. A fresh candidate can bring diversified mindset in an effectiveway.ApproachBenefitsPitfallsInternal Hiring1.Internal hiring fillsemployees with motivation towork even well for thecompany. The person whogets hired feels happy towork for a company and eventhose who don't get apromotion feel optimistic fortheir future in an effectiveway (Fracassi & Tate, 2012).2.Candidates hired internallycan be trusted moreeffectively.1.The thinking will remainwithin the box fororganization and no freshoutlook can be obtained(Jacoby, 2018).2.Relying on an unknownindividual for success andgrowth can be risky.2
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