To grow business, companies should create new positions with time to time and the senior positions are really crucial ones, as leaders are the ones who decide the company fate with appropriate decisions. Many people have a view point that, they should give higher position to lower level candidates who have scope to carry more on their shoulders. I agree to this view point on some extend and both view points have been discussed in below essay.
Managers, leaders or executives are the people who help organization to excel in every verticals by taking decisions for the organization, creating road maps, and help in adding new clients to the company. To fulfil those responsibilities they should have proper understanding of the company venture and culture. Hence, hiring a candidate from lower position, who already knew company’s business, has done excellent work in his respective position, and showing a caliber to achieve better in high level position should given a chance. Moreover, these internal hiring would save the cost of recruitment and training, and top of that employees might not take much time getting familiar with new responsibilities and would take less time in knowledge transfer session. Furthermore, client interaction plays significant role to get more business for longer run and with past interaction of internal employees with the clients will certainly help in this field. Researches have shown with scope of promotion for leadership positions, the employees provide more productivity, and tend to take more interest in responsibilities from their defined ones.
On the other hand, as these upper level positions required the highly skilled employees, therefore, hiring solely on the basis of time spend by employees in a particular company and not on the basis of performance would not be great idea as this can take a toll on the company growth. Furthermore, these positions often required high qualifications and experience in their respective field in accord to ventures requirements, such as doctorate or higher level degree in administrations and most of the time it become quite challenging to find a right candidate from the company. Although, companies has flexibility to the candidate according to their wish, however, in my opinion they should invite internal and external candidates for the higher position, otherwise companies may lose their loyal employees.
To sum up, the businesses should look into existing employees before going outside to appoint new position as there are many merits of doing this. However, if there are difficulties hiring via internal pool then they should open the floor for both outside and inside people.