Following are the benefits of the internal sources of recruitment:
(i) Economical source: The organisation saves money on hiring programmes which translates to higher profits for business.
(ii) Simplifies the process of selection: It makes selection and transfer of employees very easy.
(iii) Motivates employees: Internal source of recruitment serves as a morale booster for the existing employees.
(iv) Sense of security: It provides a sense of loyalty towards the business which results in improved productivity.
(v) No need for induction training/adjustment: 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.