India Inc bets on internal hires but recruiters warn of risks
Live MintMUMBAI : India Inc is pushing to fill vacancies through internal promotions and cross-team hires, instead of looking for external candidates, in its bid to reduce cost and bolster talent retention. ‘To get an external candidate, a firm will need to pay 4-6 times his/her current monthly salary’ "There is a preference towards internal job mobility and 15-20% more jobs are getting filled via this route in engineering, construction and infrastructure sector," said Aditya Narayan Mishra, chief executive of Ciel HR Services. He said that a back-of-the-envelope calculation shows that in order to get an external candidate, a company would need to pay 4-6 times his/her current monthly salary. The number of wrong internal hires could far outweigh the expenses incurred in recruiting external talent," said Agamjeet Dang, chief executive officer at search firm Executive Access India.
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9 in 10 companies in India want to fill open job roles internally: LinkedIn report
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