Succession planning - internal growth for internal employees

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Succession Planning: Internal Growth for Internal Employees

Internal growth is a positive process for existing employees. However, the candidate pool is more limited and does not always posses the necessary skills. Is it possible to spend money trying to recruit internally - only to be forced to then go outside at a higher cost? Should internal growth always be the first step to the hiring process? Why or why not?

Reference no: EM1358332

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