Resource Center: HR, Payroll, & PEO Insights | LBMC EP

Pros and Cons of Internal Promotion vs. External Hiring

Written by lbmcep_admin | Dec 29, 2020, 11:11:00 AM

When it’s time to fill a top position in a company, employers typically have two options: hire fresh blood from outside the organization or promote a high achiever from within the company. There are pros and cons to both approaches. Here are a few factors to consider before deciding on the best route.