The document compares internal and external hiring methods, highlighting that internal hiring promotes existing employees while external hiring recruits new candidates. Internal hiring saves time, reduces costs, and boosts morale, but limits the talent pool and may create resentment among employees. External hiring diversifies talent and brings fresh ideas, but is often more costly and time-consuming, posing a higher risk of poor hires.

1. Internal vs External
Hiring

2. Internal hiring involves promoting or transferring an employee who already works at your company
to fill the job opening.
Internal Hiring
External Hiring
External hiring is the process of recruiting an entirely new candidate to hire for the job.
With internal hiring, you close vacancies with your existing in-house employees.
with external hiring, you bring people in from outside your organization.

3. ✔ Previous employees may fill the vacancy available.
✔ Promote current employees.
✔ Transfer employees between departments, offices, etc.
✔ Bring on part-time employees or contractors to your full-time workforce.
✔ Reorganize your workforce during mergers and acquisitions, business restructuring, etc.
Internal Hiring Methods

4. External Hiring Methods
✔ Holding vacancy fairs, recruitment days, on-campus recruiting, etc.
✔ Sourcing candidates through job boards, the company’s website, social media, etc.
✔ Getting referrals through a system of recommendations.

5. Internal Hiring
Pros Cons
✔ It saves time and reduces hiring costs
✔ The employee already knows the ropes
✔ It boosts morale and improves retention
You limit your talent pool
You instantly create another vacancy
You risk stagnating your company culture
✔ Low risk of making a bad hiring Create resentment in employees

6. External Hiring
Pros Cons
Will diversify your talent pool
Brings fresh skills, input and ideas to the table
Increases healthy competition internally
Reduces internal training & development costs
Lesser politics between employees and managers
It is time consuming and costly
High risk of making a bad hire
Limited understanding about the company culture
Longer training period required for the new hire
Internal employees may feel ignored resulting low
motivation

7. THANKS
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