The Case for Promoting from Within
According to Matthew Bidwell an assistant professor of management at Wharton, external hires are paid more and perform less well than internal candidates. A summary of his findings are here at the Knowledge at Wharton website.
Companies who are hiring as the economy improves, may do well to look in their own backyards. Bidwell’s research doesn’t extend to attitudes about hires new to the job market.
Tags: employee attitudes, job creation
