CONSIDERING INTERNAL PROMOTIONS
Looking at your current job force and sourcing for internal advancement can benefit your company greatly. Your qualified internal staff makes excellent candidates as well, even though fresh applicants might provide a different perspective, promoting from within can help save your company time and money. Along with employee retention, it can boost your staff’s morale.
When a promotion is made from within, there is less risk. Since you are aware of the candidate and have previously been screened and observed, the confidence is high and the element of uncertainty is eliminated to a good degree. Your internal applicant is already familiar with the workplace environment, culture, and objectives and is probably interested in staying with the company.