It very important for any big organization to create a healthy atmosphere & good culture to encourage the employees, show them career development path & friendliness within the organisation. Internal promotions and job opportunity plays a vital and crucial role here. Every employee wants to go for high position, new learning’s, if management wants to retain their employees then should always communicate and open fair opportunities for existing employees. However in today’s corporate culture it goes very difficult when the big shots of the company’s sometimes recruit their previous team or favorites to join them in new company whether they are meeting with the required standards or not, which sometime discourage the existing team members. Let’s discuss how it is beneficial?
Company can save money by internal hiring. Existing employee is already working so his expectations are usually lesser than an external one & it does not require costly advertisements in newspaper or internet just few printouts on staff notice board, inside the in-house magazines or communication via other internal tools will do.
Since the employee is already working, so hiring, joining & induction stuffs are not required which normally take 3-7 days or could be more. Existing resource can move to his new role quite quickly.
Reduces the training duration
Existing employee is already well versed about the product & project in case of promotion in same department, it saves training cost & time both, if hired for different role even then training duration will be shorter than external.
Reduces the risk of wrong hiring
We know the attitude, work proficiency, commitments & professional behaviour of our internal employee very well instead of an outside resource, so chances of inappropriate recruiting is minimal. Existing employee is well aware about the company’s culture and environment so that’s for sure that he will not leave the company soon. He will rather work with more enthusiasm & confidence.
Helps in Retention
Most of the time employee leaves the job because company fails in meeting his professional expectations. But if company provide everything what any eligible employee deserves, then he would barely think about leaving the company! If you will go back & see the track record of employees, people who left must be because they got better opportunities & who have chosen to continue with the company is not due to company, its only because of its policies which has benefited their career.
Points mentioned above tells about the benefits of the in-house recruitment & upper management should take care & keep close on the policies of recruiting, there should be complete transparency & open communication about any kind of job opening, cross functional role, a percentage of external & internal hiring should be define & should not overlook for any kind of personal references if an internal resource is meeting with the eligibility criteria. But not to forget what so ever would be the way of hiring, the objective of any organisation is hiring talented, skilled, highly dedicated & committed employees.