Promoting from within the company often is 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

Promoting from within minimizes the costs and time associated with recruiting, hiring, and training new employees, and existing employees are already familiar with the organization's culture and procedures, making the transition smoother.

Promoting from Within the Company Often Is a Cost Effective