Internal promotions 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 reduce the time and cost of training new employees and ensure a smooth transition, as the promoted employee is familiar with the company's culture, procedures, and work environment. This leads to increased productivity and lower recruitment costs for the organization.

Internal Promotions Are a Cost-Effective Way of Filling Positions Within