Augusta
VIP Contributor
Some people or business owners like to hire new hands from outside when they need hands for an executive position. It is good to get qualified hands no doubt but it is a lot better to recruit from the in-house employees already because this method will also benefit the company and the owner.
Promoting workers in the company already to executive positions will afford the company the following benefits
Promoting workers in the company already to executive positions will afford the company the following benefits
- It will save the company’s money and time. This is because the business will need to start wasting money on advertising for new employees, paying recruiters to employ and generally, just going through the external hiring process which can be very high
- Promoting the existing employees to this position will bring internal mobility. This will make the workers to be motivated and there will be staff retention since they know they can be promoted than leaving for another employment
- There will be lesser risk involved as you know you would be using the right candidate since you have studied the internal worker and know the person ability. It can be financially draining getting an external candidate and it turns out the person wasn’t just right fir the position