Importance of In-House Promotion

The moral of your current crop of employees is significantly boosted when they are aware that there is opportunity for promotional and lateral growth within the company. It also lets your employees know that their efforts, capabilities, talents and accomplishments are not being overlooked and encourages them to keep on working to the best of their abilities. It is natural for us as human to need an incentive to work as hard as we can and for a lot of us financial reward is not enough.

This method also saves you and your company a lot more time and money than having to outsource to fill a position. Bringing in this new individual to the company can also cause for a loss of productivity initially as the new employee gets up to speed with things. Hiring from within allows for a more seamless transition.