Why do many firms have a policy of giving first consideration to their own employees?
A) Current employees do not require any training at all.
B) Current employees do not require pay hikes.
C) The process of hiring current employees reduces instances of jealousy among the rest of the workforce.
D) The practice of hiring current employees promotes diversity in the workforce.
E) The cost of hiring current employees to fill job openings is inexpensive.

Question

Quizplus · Accepted Answer

The cost of hiring current employees to fill job openings is inexpensive when compared with the cost of hiring from external sources, and it is good for employee morale. Internal sources of applicants include the organization's current employees. Many firms have a policy of giving first consideration to their own employees-or promoting from within.

Why Do Many Firms Have a Policy of Giving First