"Hiring externally brings with it both advantages and disadvantages not present with promoting externally:
Potential Advantages:
A) Provide the company with new and fresh ideas.
B) Reduce training expenses by hiring an employee experienced with working at your required level.
C) May produce less turmoil and be less upsetting to the current organisational hierarchy.
D) Allows for swift growth.
E) Can increase the diversity within a company.
F) Can make the company more popular on the job market, especially in the current economic conditions.
Potential Disadvantages:
A) Takes longer and can cost the company more.
B) It can be difficult to tell by the candidate's information whether they will fit in well with the company and its employees.
C) Destroys incentive for current employees to aim for promotion, therefore damaging productivity.
D) Candidate can take time to become familiar with current systems.
E) Current employees may produce conflict over new ideas brought in by the outsider.
So, in conclusion, External recruitment can by of huge benefit to a company as it brings new people into the organisation, along with new ideas. However, it also has its disadvantages, and it is up to you to decide whether internal promotion or external recruitment is best for your company.
"
Potential Advantages:
A) Provide the company with new and fresh ideas.
B) Reduce training expenses by hiring an employee experienced with working at your required level.
C) May produce less turmoil and be less upsetting to the current organisational hierarchy.
D) Allows for swift growth.
E) Can increase the diversity within a company.
F) Can make the company more popular on the job market, especially in the current economic conditions.
Potential Disadvantages:
A) Takes longer and can cost the company more.
B) It can be difficult to tell by the candidate's information whether they will fit in well with the company and its employees.
C) Destroys incentive for current employees to aim for promotion, therefore damaging productivity.
D) Candidate can take time to become familiar with current systems.
E) Current employees may produce conflict over new ideas brought in by the outsider.
So, in conclusion, External recruitment can by of huge benefit to a company as it brings new people into the organisation, along with new ideas. However, it also has its disadvantages, and it is up to you to decide whether internal promotion or external recruitment is best for your company.
"