Business > CASE STUDY > u06a1__HR_Challenge__Finding_the_Right_Fit__.docx HRM 5002 Unit 4: Finding the Right Fit (All)

u06a1__HR_Challenge__Finding_the_Right_Fit__.docx HRM 5002 Unit 4: Finding the Right Fit

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u06a1__HR_Challenge__Finding_the_Right_Fit__.docx HRM 5002 Unit 4: Finding the Right Fit HRM 5002 To answer the question of whether to promote from within or search for candidates externally is ... one that requires a clear understanding of available talent and carefully written job descriptions. Every department, role, hiring manager, salary, and each set of qualifications must be considered individually and as a whole (SHRM, 2018). Hiring internally and externally offers various benefits on their own, but it is possible to utilize both hiring approaches within the same company to find the right fit for each role. Internal hiring is more cost effective, decreases training time, and promotes company loyalty (Krell, 2019). Promoting current employees over searching for external talent sends a message to employees that they are valued by the company. The action to promote from within will speak volumes over any company literature, bonding event or positive review, because employees will see it as a return on their invested time and effort with the company. When promoting from within, there is a consistent and accessible fountain of knowledge on a particular candidate, something with an external hire is unlikely to have. Hiring from within will also shorten onboarding time to bring someone up to speed in their new role. Strong knowledge of the organizational culture, a new employee will not know the ins and outs of how departments work within the organizational structure. Following a chart for the firm, with little knowled. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .. .. . . . . . . . . . . . . . . . . . .. . . . . [Show More]

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