Employment Preference and its Impact on Performance
Todays job market is becoming ever-more competitive. The global economy and new technologies have changed the way employers think about employee performance, leading to a more strategic approach to the hiring process. Employees now have the potential to be the difference between success and failure for companies. As such, employers have begun to look for a variety of skills and traits in potential candidates, including preferences for hiring internally or externally. This article will discuss the implications of an employment preference, and how it can impact a companys performance.
Internally hired employees might have an easier time understanding the companys culture and expectations than hiring an externally trained individual. This could lead to quicker turnarounds on projects and a more cohesive workplace where the values and goals of the company are better understood and appreciated. Internal employees may also benefit from stronger internal relationships between colleagues and a stronger understanding of the protocols of the organization.
Additionally, internally hired employees may be more likely to stay with a company, reducing the need to continually retrain new members of staff. This can save both time and money, increasing cost efficiency
On the other hand, there are many benefits to recruiting externally, too. External candidates may be cheaper and offer a range of different perspectives, experiences and skillsets which could help the company grow and improve. A company may benefit from the fresh start a new employee offers, bringing fresh ideas and a new vision to the workplace, not hindered by a plethora of previous experiences around the office. There is also less investment required in an external candidate, as they would already be experienced in the field and expected to hit the ground running.
Ultimately, the decision of whether to hire internally or externally should depend on the situation and particular needs of the company. Companies must take into account the merits of each individual candidate as well as the cost implications. However, it is important to recognize the role that preferences can play in shaping a company’s overall performance, and how decisions taken in the hiring process could possibly influence their long-term prospects.
