The pros and cons of internal and external recruiting and the appropriate situation for both.

Question

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Answer 1

Question

Chapter 10, Problem 10.1QR

Summary Introduction

To explain: The pros and cons of internal and external recruiting and the appropriate situation for both.

Expert Solution & Answer

Explanation of Solution

Internal recruiting:

Advantages:

It builds morale and provides motivation to employees when peers see other peers get promoted.
The process of teaching the culture of the business is not required.

Disadvantages:

It may lead to new fewer ideas.
It will create a new opening in the firm that requires recruitment process.
It could create resentment among other employees because of the reason that other employees are being promoted.

External recruiting:

Advantages:

It brings new ideas and knowledge into the firm.
It increases workforce diversity.
It can give a new idea about the marketplace and the competition present.

Disadvantages:

It will lead to training costs.
Temporary efficiency loss.
Loss of morale.

Internal recruiting will be more suited to a situation where there is very much to learn from outside as the firm itself has tremendous knowledge of the business. External recruiting will be more suited in a situation when the company needs new ideas and direction to make a considerable impact changes to its fortunes.

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Answer 2

Question

Chapter 10, Problem 10.1QR

Summary Introduction

To explain: The pros and cons of internal and external recruiting and the appropriate situation for both.

Expert Solution & Answer

Explanation of Solution

Internal recruiting:

Advantages:

It builds morale and provides motivation to employees when peers see other peers get promoted.
The process of teaching the culture of the business is not required.

Disadvantages:

It may lead to new fewer ideas.
It will create a new opening in the firm that requires recruitment process.
It could create resentment among other employees because of the reason that other employees are being promoted.

External recruiting:

Advantages:

It brings new ideas and knowledge into the firm.
It increases workforce diversity.
It can give a new idea about the marketplace and the competition present.

Disadvantages:

It will lead to training costs.
Temporary efficiency loss.
Loss of morale.

Internal recruiting will be more suited to a situation where there is very much to learn from outside as the firm itself has tremendous knowledge of the business. External recruiting will be more suited in a situation when the company needs new ideas and direction to make a considerable impact changes to its fortunes.

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Answer 3

Question

Chapter 10, Problem 10.1QR

Summary Introduction

To explain: The pros and cons of internal and external recruiting and the appropriate situation for both.

Expert Solution & Answer

Explanation of Solution

Internal recruiting:

Advantages:

It builds morale and provides motivation to employees when peers see other peers get promoted.
The process of teaching the culture of the business is not required.

Disadvantages:

It may lead to new fewer ideas.
It will create a new opening in the firm that requires recruitment process.
It could create resentment among other employees because of the reason that other employees are being promoted.

External recruiting:

Advantages:

It brings new ideas and knowledge into the firm.
It increases workforce diversity.
It can give a new idea about the marketplace and the competition present.

Disadvantages:

It will lead to training costs.
Temporary efficiency loss.
Loss of morale.

Internal recruiting will be more suited to a situation where there is very much to learn from outside as the firm itself has tremendous knowledge of the business. External recruiting will be more suited in a situation when the company needs new ideas and direction to make a considerable impact changes to its fortunes.

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Answer 4

Question

Chapter 10, Problem 10.1QR

Summary Introduction

To explain: The pros and cons of internal and external recruiting and the appropriate situation for both.

Expert Solution & Answer

Explanation of Solution

Internal recruiting:

Advantages:

It builds morale and provides motivation to employees when peers see other peers get promoted.
The process of teaching the culture of the business is not required.

Disadvantages:

It may lead to new fewer ideas.
It will create a new opening in the firm that requires recruitment process.
It could create resentment among other employees because of the reason that other employees are being promoted.

External recruiting:

Advantages:

It brings new ideas and knowledge into the firm.
It increases workforce diversity.
It can give a new idea about the marketplace and the competition present.

Disadvantages:

It will lead to training costs.
Temporary efficiency loss.
Loss of morale.

Internal recruiting will be more suited to a situation where there is very much to learn from outside as the firm itself has tremendous knowledge of the business. External recruiting will be more suited in a situation when the company needs new ideas and direction to make a considerable impact changes to its fortunes.

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Answer 5

Chapter 10, Problem 10.1QR

Summary Introduction

To explain: The pros and cons of internal and external recruiting and the appropriate situation for both.

Expert Solution & Answer

Explanation of Solution

Internal recruiting:

Advantages:

It builds morale and provides motivation to employees when peers see other peers get promoted.
The process of teaching the culture of the business is not required.

Disadvantages:

It may lead to new fewer ideas.
It will create a new opening in the firm that requires recruitment process.
It could create resentment among other employees because of the reason that other employees are being promoted.

External recruiting:

Advantages:

It brings new ideas and knowledge into the firm.
It increases workforce diversity.
It can give a new idea about the marketplace and the competition present.

Disadvantages:

It will lead to training costs.
Temporary efficiency loss.
Loss of morale.

Internal recruiting will be more suited to a situation where there is very much to learn from outside as the firm itself has tremendous knowledge of the business. External recruiting will be more suited in a situation when the company needs new ideas and direction to make a considerable impact changes to its fortunes.

Answer 6

Chapter 10, Problem 10.1QR

Summary Introduction

To explain: The pros and cons of internal and external recruiting and the appropriate situation for both.

Expert Solution & Answer

Explanation of Solution

Internal recruiting:

Advantages:

It builds morale and provides motivation to employees when peers see other peers get promoted.
The process of teaching the culture of the business is not required.

Disadvantages:

It may lead to new fewer ideas.
It will create a new opening in the firm that requires recruitment process.
It could create resentment among other employees because of the reason that other employees are being promoted.

External recruiting:

Advantages:

It brings new ideas and knowledge into the firm.
It increases workforce diversity.
It can give a new idea about the marketplace and the competition present.

Disadvantages:

It will lead to training costs.
Temporary efficiency loss.
Loss of morale.

Internal recruiting will be more suited to a situation where there is very much to learn from outside as the firm itself has tremendous knowledge of the business. External recruiting will be more suited in a situation when the company needs new ideas and direction to make a considerable impact changes to its fortunes.

Answer 7

Chapter 10, Problem 10.1QR

Summary Introduction

To explain: The pros and cons of internal and external recruiting and the appropriate situation for both.

Answer 8

Expert Solution & Answer

Explanation of Solution

Internal recruiting:

Advantages:

It builds morale and provides motivation to employees when peers see other peers get promoted.
The process of teaching the culture of the business is not required.

Disadvantages:

It may lead to new fewer ideas.
It will create a new opening in the firm that requires recruitment process.
It could create resentment among other employees because of the reason that other employees are being promoted.

External recruiting:

Advantages:

It brings new ideas and knowledge into the firm.
It increases workforce diversity.
It can give a new idea about the marketplace and the competition present.

Disadvantages:

It will lead to training costs.
Temporary efficiency loss.
Loss of morale.

Internal recruiting will be more suited to a situation where there is very much to learn from outside as the firm itself has tremendous knowledge of the business. External recruiting will be more suited in a situation when the company needs new ideas and direction to make a considerable impact changes to its fortunes.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 10 - Prob. 10.1QR Ch. 10 - Prob. 10.2QR Ch. 10 - Prob. 10.3QR Ch. 10 - Prob. 10.4QR Ch. 10 - Prob. 10.5QA Ch. 10 - Prob. 10.6QA Ch. 10 - Prob. 10.7QA Ch. 10 - Prob. 10.8QA Ch. 10 - Prob. 10.10AE Ch. 10 - Prob. 10.11A

The pros and cons of internal and external recruiting and the appropriate situation for both.

To explain: The pros and cons of internal and external recruiting and the appropriate situation for both.

Explanation of Solution

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