You hire externally instead of promoting from within a lot. Here's my top 5 reasons why that happens: 1. Development of Internal Talent for the next step is HARD. 2. #1 + you have a business to run. It's hard...
Don't waste valuable time and money recruiting externally when you've got a crop of passionate, talented, and well-matched interns -- who are likely seniors or recent graduates -- hoping to land a full-time gig with you. Here are fi... Read Post
According to Wharton management professor Matthew Bidwell, "external hires" get significantly lower performance evaluations for their first two years on the job than do internal workers who are promoted into similar jobs. They also ... Read Post