If it’s time for you to hire a new employee, you have two options. The first is to look outside and find talent from other places. The other option is to look within your company to see who qualifies for the position.
Hiring internally is an excellent place to start before you look externally. There are many reasons behind it, and Global Resources LLC Reviews has a few of them.
Boost in Company Morale
If your employees see you turning to them first to fill positions, it’s a good office morale booster. It shows that you reward talent and hard work, rather than looking elsewhere.
With staff retention being critical for any business, the more you can do to boost the company morale and keep your current staff around, the better. It’s another way to show your employees that you respect their hard work and dedication by rewarding them with a well-deserved promotion.
Improve Company Productivity
There are a few ways why hiring internally can boost company productivity. The first is that when your team knows that you look internally first for a new hire, they’re bound to be motivated to work hard. Especially if someone wants a promotion, they’re more likely to prove to you that they deserve it through dedication and hard work, rather than if you were also looking outside the company.
Not only that, when you hire internally, the recruit already knows how the company runs. You do not have to go through policies and procedures. You’ll simply have to show them the new job and let them go.
Save Time on Training
Since the internal hire already knows the ins and outs of the company, it will save you a lot of time (and money) on training. Think of how much time it takes to train someone who is entirely new to the company. That means less time that you and the recruit are working which leads to losing money.
Less Break Period
When you hire internally, you’ll likely have less of that downtime trying to find a new employee. On the one hand, the fewer hours needed to train the person means they can jump into the new position a lot quicker.
Also, hiring internally means you already know every employee that applies for the position. You won’t have to spend as much time screen through applicants and going through the lengthy interview processes. Although you’ll still need to treat the potentially internal hire like you would with another recruit, you already know that they are a valuable asset to the company.
Consider hiring internally before you look somewhere else. No one says you have only to hire internally. You wouldn’t want to pass on an opportunity to someone not qualified for the position just because they already work for you, only to later find out you could have hired someone extremely qualified from somewhere else.
Make a job posting and send it to your current employees first. You may have everyone apply, or you may have no one at all. Either way, it’s a good company morale booster to do so.