Internal Hiring – Meaning, Methods, Advantages and Disadvantages
Internal hiring refer to recruiting employees from within the organization. In deciding requirement of employees, initial consideration should be given to a company’s current employees, which is concerned with internal hiring. They include those who are already available on the pay roll of the company. This is important source of recruitment as it provides opportunities for better development and utilization of existing human resources in the organization.
There are two aspects of hiring under internal sources. They are as follows:
- Promotions – It refers to promoting or upgrading an employee who is already existed in the pay roll and contributed for organizational performance.