In situations where a company has an open position, a company has two options to fill in the vacancy. It is either through internal recruitment or through external recruitment.
Internal recruitment means that the company will fill in the vacancy with resource coming from its current pool of talents. It can be through a promotion or through transfers within the company. Transfer here pertains to a horizontal or lateral movement of an employee from one position to another without changes in the salary.
Advantages of Internal Recruitment
– Selection process is fast and easy since the pool of candidates to choose from is smaller.
– It is cost efficient, saving the company from job advertisement and / or recruiter’s fees.