Promotion is one of the human resource’s core tasks that determine the direction of an organization. As simple as it may sound, it is one of the difficult undertakings that keep human resource managers hoping that the decision they make will help the organization achieve its goals. The hardest part is choosing one person to fill a vacant position from a large stack of resumes from many potential applicants, some of whom have been within the organization and those who have never worked there but have impressive CVs. Which would be the best choice? The person who has worked within the organization doing a great job, working hard to help the organization achieve its goals or a new face with an impressive CV but has not worked within the organization and has not been tested before? The reality here is, you have all these options at your disposal. Here are the benefits of promoting employees internally that might help you make the right decision:

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When the applicant pool is wide and deep, recruiting is a tough job. Separating potential candidates from others who won’t fit might be an easy first step, but then comes the daunting task of fine-tuning the placement to pick the one person who is most qualified.

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Newtek Business Services, Inc. announced today the findings of its SB Authority Market Sentiment Survey, a monthly window into the concerns of independent business owners. Based on a poll of over 1,500 respondents, the key finding from the May survey is that only 30% of business owners plan on hiring in the next 3 to 6 months. Additionally, 51% of business owners say their company hires employees who have just graduated from college. Read more...