Choosing a leadership team is one of the most important decisions an organization can make. Leadership hires, whether they be a senior executive, a department head, or a team leader, can have a big impact on an organization’s success. Organizations must make a critical decision when it comes to filling these positions: do they promote from within or hire externally? Each strategy has benefits and drawbacks. To assist organizations in choosing the right course of action, we will examine the benefits and drawbacks of both internal and external leadership hires in the blog below. Internal leadership hiring It has long been customary for organizations to promote from within as doing so can increase employee morale, cultivate loyalty, and make use of your team members’ prior knowledge and expertise. However, there are certain pros and cons of the same, some of which are stated below. The advantages Familiarity with the company culture: Internal applicants already possess knowledge of ...
WalkWater Talent Advisors, setup in the year 2011, and headquartered in Bangalore, is today one of the fastest growing and best recruitment companies in India, backed by experienced consultants with strong value systems. A team of executive search industry leaders, having deep domain knowledge, intensive client partnering skills, and a drive to excel, collectively work here to accomplish forming a wide network of relationships with CXOs across industry segments,