Topic > The Disadvantages of Internal Recruiting - 715

According to the Saratoga Institute, the average cost of internal recruiting is 1.7 times less than external recruiting, or $8,676 versus $15,008 (Schawbel, 2012). The second benefit is the ability to evaluate workers more accurately since the organization already has information about them. For example, Shaw Group Inc., an engineering firm, is working on a management system that stores a large amount of databases, capable of "tracking the skills and worker experience" of its 27,000 employees (Silverman & Weber , 2012). Many large companies view internal recruiting as strategic management that fully utilizes current manpower. Several large companies and industries, such as Cisco, use Talent Connection to allow employees to create profiles when applying for a new position. Internal recruiting is a way to acquire talent while minimizing costs but still having more reliable sources in evaluating job performance. Therefore, organizations will achieve great results, such as efficiency and productivity, by hiring