When it comes time to hire a manager for your small business, you may be faced with a dilemma.
Do you hire someone from within your company, or hire someone from outside the company? What are the pros and cons of each? How do you cultivate a great manager to oversee your business? These are typical questions that you'll want to answer prior to taking applications.
Do You Promote From Within the Company, or From the Outside?
There is good and bad in either choice, but ultimately it will be up to you to decide which one is more beneficial to your company:
From within - The applicants are already workers in your company, therefore they know the business and have proven themselves to be assets. Anytime you promote from within it looks good to the other workers, and may inspire them. It also is cheaper to hire from within, as there is no relocation or advertising fees.
From outside - Perhaps you don't have the right worker employed for the job, and need to go to outside candidates for the position. As such, you can interview highly-skilled managers. This also works well if your company needs a fresh look to the way it does business. Hiring someone from outside the company also keeps your employees from fighting amongst themselves for the job; however, they also won't feel that there is room for growth in your company.
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