While We Were Working: Human Resources Advice and Workplace Tech Insights for The HR Practitioner Community – Détails, épisodes et analyse

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While We Were Working: Human Resources Advice and Workplace Tech Insights for The HR Practitioner Community

Jumpstart HR

Business & Entrepreneuriat

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Fréquence : 1 épisode/11j. Total Éps: 118

This weekly podcast for HR Pros and People Leaders focuses on topics like employee engagement, workplace culture, HR Technology and HR law for the agile, modern workplace. Learn more at: http://whilewewereworking.com. Host Joey Price, members of the Jumpstart HR team and guests bring their own personal perspective and years of experience to cover trending topics you might’ve missed while you were working. Visit www.jumpstart-hr.com for more episodes and to learn more about our HR Outsourcing support services. Visit www.aspect43.com for more industry leading HR Technology research and for HR Tech Vendor analyst opportunities.

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Internal Hiring vs External Hiring - What’s Better? Ft. Fit Small Business

Épisode 115

mardi 12 mars 2024 • Durée 32:18

Summary

This episode’s conversation explores the topic of internal versus external hiring in small businesses. Experts from Jumpstart HR and the Fit Small Business team discuss the key differences between the two methods, including the impact on cost, time efficiency, employee morale, retention rates, and diversity of skill sets. They also provide a five-step framework to determine whether to fill a role with an internal hire or an external hire, which includes assessing current skills and gaps, identifying growth and development opportunities, conducting a cost benefit analysis, considering cultural fit and adaptability, and evaluating long-term impact and strategic alignment.

Takeaways

Internal and external recruitment methods have different impacts on cost, time efficiency, employee morale, retention rates, and diversity of skill sets.
A five-step framework can help small businesses determine whether to fill a role with an internal hire or an external hire: assess current skills and gaps, identify growth and development opportunities, conduct a cost benefit analysis, consider cultural fit and adaptability, and evaluate long-term impact and strategic alignment.
Communication, performance reviews, and feedback are important in assessing current skills, identifying growth opportunities, and promoting internal candidates.
Cost considerations include compensation, benefits, and potential expenses for external hiring, while internal hiring may involve salary adjustments and filling previous positions.
Cultural fit and adaptability should be considered when deciding between internal and external candidates, as well as the long-term impact and alignment with business goals.

Chapters

00:00 Introduction

03:23 Key differences between internal and external recruitment methods

06:00 Cost implications of internal versus external hiring

08:46 Time efficiency of internal and external recruitment methods

14:16 Effect of internal and external recruitment on employee morale and retention

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