HR department right in deciding to recruit people from within the organization? Will they not miss out on talent from outside? Discuss the pros and cons of conducting an internal recruitment drive instead of seeking potential employees from outside

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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The TNB Bank Ltd. is an established private sector bank in south India. The bank has a few vacancies in top managerial positions due to the retirement of some senior personnel. The HR department has decided to identify suitable personnel from within the organization for promotion, instead of recruiting from outside.

Was the HR department right in deciding to recruit people from within the organization? Will they not miss out on talent from outside? Discuss the pros and cons of conducting an internal recruitment drive instead of seeking potential employees from outside.

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