There are plenty of reasons why companies hire from within. It's cheaper, offers natural progression for candidates, and shows that as a company, you nurture and develop the people who are already doing a great job - but is this always the right choice for success?
Not always. It's vital to assess the company's specific needs and goals when hiring, but if you are looking for a strong leader, new ideas, the right experience, or a fresh set of eyes on things, hiring outside your company could be the right direction. While managing change in business can be difficult, there are actually lots of benefits to external hires, especially when it comes to leadership positions.