While some companies prefer internal hires, the majority don’t necessarily favor existing talent for open positions, according to American Management Association.

• The most crucial factor when a company is hiring is whether the employee is suitable for that role. Having an incompetent staff will be very expensive for the company.
• It is relatively cheap to hire internally.
• Internal staff do not necessarily have to be competent. They have to prove the qualifications for the post.

It’s no secret that some employers have a strong preference for hiring from within. In the world’s top organizations, it’s nearly impossible to even land an interview, let alone a job, unless you’re already involved in the company in some way. But are outside job seekers forever doomed to lose out to existing talent? Probably not.

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