Following are the benefits of filling vacancies for various job positions from within the organisations (Internal source of Recruitment).
(i) Economical: It is time-saving, economical, simple, and reliable.
The organisation saves money on hiring programmes which trànslates to higher revenue for business.
(ii) No training: It makes selection and transfer of employees very easy. There is no need for induction training because the candidate already knows everything about the organisation, the work, the employee, the rules and regulations, etc. As existing employees will be aware of the working pattern of the organisation, therefore it will take much less time for the re-hires to get adapted to working conditions.
(iii) Motivation: Internal source of recruitment serves as a morale booster for the existing employees. It motivates the employees to work hard in order to get higher positions in the same organisation.
(iv) Sense of Belongingness: It provides a sense of loyalty towards the business which results in improved productivity. It increases the morale of the employees which improves the relations in the organisation.