«It's definitely cheaper to promote from within,» she says, citing a 2011 University of Pennsylvania study that
found external hires took two years to catch up to the performance level of an internal hire.
Not exact matches
Last month an
external panel of lawyers and accountants
hired to probe Toshiba's accounts
found the company had inflated profits by 152 billion yen ($ 1.23 billion) over seven years by postponing the realization of losses and other schemes.
The Harvard Business Review's How PwC and The Washington Post Are
Finding and
Hiring External Talent covers the growing use of external talent platforms by corpo
External Talent covers the growing use of
external talent platforms by corpo
external talent platforms by corporations.
This is as the use of skilled
external talent increases, so does the need for more efficient ways to
find,
hire, and manage contingent workers as well as integrate them into a company's teams.
A recent study from the University of South Carolina
found that the top reason executives fail in both internal and
external hires is behavioral compatibility, so it is clear that the use of personality testing is beneficial for employers.
In his paper «Paying More to Get Less: The Effects of
External Hiring versus Internal Mobility,» Wharton School of Business Professor Matthew Bidwell
found that workers promoted into jobs have significantly better performance and lower rates of voluntary and involuntary exit for the first two years than workers
hired into similar jobs.
A new study by Matthew Bidwell, an assistant professor at the University of Pennsylvania's Wharton School,
found that
external hires get paid 18 % to 20 % more than internal employees do for the same job, but they get lower marks in performance reviews during their first two years on...
The study referenced in the previous point also
found that
external hires end up costing your business between 18 and 20 % more for the same job.
In reality, internal and
external recruiters can actually
find the «dream»
hire - because the Internet - specifically LinkedIn - provides a large top - applicant pool.
A study by McKinsey & Company confirms
found that 42 percent of
external C - level
hires they spoke with said a more intimate understanding of company culture would have eased their transition.
Moreover, the CDI survey
found that 62 % of
hiring authorities would click on an
external link if you provided one on your resume.