Business: Internal and External recruitment

Internal and External recruitment

Internal Recruitment

Filling a job vacancy with an existing employee of the business, known for its cost-effectiveness and familiarity with the organization's operations.

Advantages of Internal Recruitment

Quick and cost-effective, known reliability, reduces induction training needs, and serves as a motivation for employees to increase productivity.

Disadvantages of Internal Recruitment

Lack of new ideas, potential for jealousy among employees, and the possibility of low-quality internal candidates.

External Recruitment

Filling a job vacancy with a candidate who is not currently an employee of the organization, allowing for new ideas and specific skill sets to be brought in.

Advantages of External Recruitment

Introduction of fresh ideas, recruitment based on business needs.

Disadvantages of External Recruitment

Expensive advertising costs and the requirement for time-consuming induction training.