Thoroughly discuss the pro's and Con's of internal and external recruiting.
INTERNAL RECRUITING ADVANTAGES
1. Lower cost compared to external recruiting since the individuals
in the current departments can be reassigned to different
positions.
2. Quicker to perform since the managers would have a better
understanding and recognition of individuals with talent from their
existing workforce.
3. More comfortable to add members to a team since individuals
already know each other and, therefore, can form better group
dynamics.
4. Has lower learning curve with the team in times of need, such as
a high-risk project.
5. Since most individuals have an understanding of the tea
dynamics, it leads to a greater degree of collaboration and higher
morale.
EXTERNAL RECRUITMENT ADVANTAGES
1. Brings a fresh pair of eyes and talent to the teams.
2. It can allow the company to recruit the best talent in the
industry, which can lead to innovation.
3. It is a better consideration for increasing the competitiveness
of the business compared to the competitors in the market.
4. It does not lead to favoritism and internal politics, weighing
down the decision-making process.
5. Increases creativity and commitment in the minds of the teams
because new members bring a better perspective to the mix.
**ADVANTAGES OF INTERNAL RECRUITING CAN BE CONSIDERED DISADVANTAGES
OR CONS FOR EXTERNAL RECRUITING WHEN USED INVERSELY.
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Thoroughly discuss the pro's and Con's of internal and external recruiting.
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