21 Oct 2020
In a survey of large, well-known businesses, respondents said over one-fourth of positions are filled with people who already work for the company and accept a promotion or transfer. As companies have begun to grow again, the greater demand for talent requires more external recruiting.
1. What are the benefits of filling a position with an internal source? What are the limitations?
Suppose an organization expects a labor shortage to develop in key job areas over the next few years. Recommend general responses the organization could make in each of the following areas:
- Recruitment
- Training
- Compensation (pay and employee benefits)