Many organizations give preference to internal supply.What is one reason for giving preferential consideration to an organization's own workforce to fill job openings?

Question

Quizplus · Accepted Answer

Current employees are already familiar with the organization's culture, values, and procedures. They have already gone through onboarding and training processes, which makes it easier for them to adapt to new roles and responsibilities. This familiarity reduces the costs associated with hiring someone new, such as training, recruitment, and selection. Furthermore, the recruitment and selection processes become more precise when internal supply is considered since it is easier to predict the performance of an individual who has already been working with the organization.

Many Organizations Give Preference to Internal Supply