Closer than you think
When looking for top-level management talent, organizations frequently turn to candidates from outside the enterprise, thinking that these individuals bring with them fresh perspectives, proven experiences, and well-developed skills that the company currently lacks and needs to acquire. While this perspective can help companies gain valuable capabilities, it is only one option. Another that companies often too quickly overlook is promoting experienced and dedicated team members from within. This article identifies the shortcomings of hiring managers from outside a company. In doing so, it suggests five reasons why companies should instead hire from within by promoting their top-level performers.