Internal promotions from within the company)are a cost effective way of filling positions within a firm because the employees filling the position are already familiar with the organization's culture and procedures.

Question

Quizplus · Accepted Answer

Internal promotions do not require as much time and resources for recruitment and training as hiring external candidates, and internal candidates are already knowledgeable about the company's environment, making it a cost-effective option for filling vacancies.

Internal Promotions from Within the Company)are a Cost Effective Way