Question :Filing vacancies for various job positions from within the
organisations has many benefits. State any four such benefits.
The correct answer is -Filling vacancies for various job positions from within the organization has the following benefits:
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Cost-effective: Hiring from within the organization is cost-effective as it reduces the recruitment and training costs that are associated with hiring new employees.
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Employee motivation and retention: Promoting employees from within the organization motivates them to perform better as they see growth opportunities within the company. It also helps in retaining employees as they feel valued and recognized for their contributions.
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Shorter learning curve: Internal candidates are already familiar with the company culture, policies, and procedures. Hence, they require a shorter learning curve and can be productive quickly.
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Better cultural fit: Internal candidates are already a part of the company culture and understand its values and vision. Hence, they are likely to be a better cultural fit for the organization.
