BMGT360 Spring 2026 What's so great about the... market? by Gregory Marr https://padlet.com/gregorymarr/402buz3byg3hd2v6 BMGT360 Spring 2026 en-us 2024-09-17 14:53:16 UTC 2026-04-02 18:38:52 UTC hello@padlet.com https://padlet.net/icons/png/1f989.png Katherine Busse https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819984768 promoting internal growth motivates employees to work hard and stay and invest in the company

]]> 2026-03-10 20:21:17 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819984768 Harrison Deitz hdeitz https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819984794 Employees may not be prepared due to lack of training.

]]> 2026-03-10 20:21:19 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819984794 Luke Dietz https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819984806 Motivates current employees to work hard to move up in company

]]> 2026-03-10 20:21:21 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819984806 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819984879 Applicant will have a strong understanding of the company and its processes.

]]> 2026-03-10 20:21:27 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819984879 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819984912 Experience with company

]]> 2026-03-10 20:21:30 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819984912 Kora Ouattara https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819984957 Employees spend more time with the company and understand the company culture better. They have trained with the company for a long time and already understand their policies and procedures.

]]> 2026-03-10 20:21:35 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819984957 Lilia Shahal lilshahal https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819985089 Shows commitment to promotion and advancement opportunities

]]> 2026-03-10 20:21:45 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819985089 Sarah Davis https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819985119 I think that internal labor markets are good because it gives employees the opportunity to work their way up through the company and have the opportunity for higher pay. I feel like this would give them motivation to do better

]]> 2026-03-10 20:21:48 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819985119 Motivates employees to work hard by giving them something to work towards https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819985126 2026-03-10 20:21:48 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819985126 Katherine Busse https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819985331 Can bring in fresh perspectives and people with different experiences

]]> 2026-03-10 20:22:00 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819985331 Lottie https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819985348 Unfamiliar with how the company works/might not integrate well

]]> 2026-03-10 20:22:01 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819985348 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819985411 Less time spent training as you are promoting employees from within the company

]]> 2026-03-10 20:22:07 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819985411 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819985559 direct training, understanding of work culture, familiar with company values, understands team structures

]]> 2026-03-10 20:22:18 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819985559 Ryder Balian https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819985583 Increases motivation to employees within a business to advance in the corporate ladder

]]> 2026-03-10 20:22:20 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819985583 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819985714 Applicant will work within the accepted work culture and the company suffers from a lack of diversifying knowledge and experience.

]]> 2026-03-10 20:22:34 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819985714 Lottie https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819985793 Can bring in ideas from their previous place of employment that might work well at this company too.

]]> 2026-03-10 20:22:39 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819985793 Shamal aking https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819985957 Employees already understand the company

Faster hiring process

Lower training costs

]]> 2026-03-10 20:22:49 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819985957 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986023 By encouraging employees to grow within their roles and work hard it creates a company culture that fosters high achievement.

]]> 2026-03-10 20:22:55 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986023 Employees would not really understand how the job works and what to do unless they get trained https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986060 2026-03-10 20:22:56 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986060 Kora Ouattara https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986099 It limits the diversity of employees to individuals already hired by the company, and organizations may miss out on some key talent by limiting it to just internal hires.

]]> 2026-03-10 20:23:00 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986099 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986152 Coworkers are already familiar with each other, so there’s an easier transition to the promotion.

]]> 2026-03-10 20:23:04 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986152 Ryder Balian https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986169 Gives room to fresh perspectives and improvements to exiting procedures

]]> 2026-03-10 20:23:06 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986169 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986312 may lack creativity or innovation

]]> 2026-03-10 20:23:22 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986312 Lilia lilshahal https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986324 Limited diversity due to internal hiring

]]> 2026-03-10 20:23:24 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986324 Sarah Davis https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986350 They would be new to the company so there would be higher hiring costs and advertisement costs for the position

]]> 2026-03-10 20:23:26 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986350 Can have diversity in thought, which would overall help the business trend positively https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986391 2026-03-10 20:23:30 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986391 emily craig ecraig1_21 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986424 direct training, company/industry knowledge already established

]]> 2026-03-10 20:23:34 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986424 Shamal K https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986431 Might create conflict between employees

The candidate might not be the best pick

]]> 2026-03-10 20:23:34 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986431 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986478 Might not always have the highest performance as the focus is more oriented towards employee growth and not employee performance

]]> 2026-03-10 20:23:36 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986478 Lottie https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986480 Motivated employees to stay at the company if there is room for growth. They are also already familiar with the ways of the company and can bring what they learned from previous role to higher role.

]]> 2026-03-10 20:23:36 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986480 Ryder Balian https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986526 Fewer new perspectives and plateaus diversity within an organization

]]> 2026-03-10 20:23:41 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986526 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986534 Allows for your company to expand its perspectives and gain new intel from a third party source or from past employers of employees.

]]> 2026-03-10 20:23:42 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986534 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986553 Applicant will have different strategies and techniques for accomplishing a task.

]]> 2026-03-10 20:23:44 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986553 Luke Dietz https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986554 Often hard to find employees with certain skills

]]> 2026-03-10 20:23:44 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986554 Kora Ouattara https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986592 Increases the diversity of applicants and skill levels available to the company.

]]> 2026-03-10 20:23:47 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986592 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986632 Could possibly be missing better qualified candidates by only looking internally.

]]> 2026-03-10 20:23:49 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986632 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986678 brings in new ideas, fresh point of view

]]> 2026-03-10 20:23:54 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986678 Lilia Shahal lilshahal https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986699 getting diverse and new perspectives from external hires who have various experiences and skills

]]> 2026-03-10 20:23:57 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986699 Sarah Davis https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986756 There would be an opportunity to find new people with new ideas

]]> 2026-03-10 20:24:03 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986756 dea zhang https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986759 Brings in new ideas from other locations

]]> 2026-03-10 20:24:03 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986759 Emelin Cruz https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986770 Reduces hiring risk since managers already know the employee’s performance.

]]> 2026-03-10 20:24:05 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986770 Shamal K https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986897 Larger pool of candidates

Someone could be highly specialized for this position

]]> 2026-03-10 20:24:14 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986897 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986978 The person’s performance should be exceptionally high which is best for the company.

]]> 2026-03-10 20:24:20 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986978 Lilia Shahal lilshahal https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986995 May take longer to integrate them into the job/train them than an internal hire

]]> 2026-03-10 20:24:20 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819986995 Ryder Balian https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987000 Not acclimated to the business work structure. May not be adequately trained or experiences.

]]> 2026-03-10 20:24:20 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987000 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987003 may not adjust to work culture, struggle to gain respect or control,

]]> 2026-03-10 20:24:21 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987003 emily craig ecraig1_21 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987124 might limit diversity of overall workforce since you’re only looking internally within the company rather than looking elsewhere where there could be diverse perspectives

]]> 2026-03-10 20:24:25 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987124 Katherine Busse https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987130 can make current employees feel less valued/threatened

]]> 2026-03-10 20:24:26 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987130 Emelin Cruz https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987150 Skills inside the company may not match what the job requires

]]> 2026-03-10 20:24:27 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987150 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987155 New hires can contribute a new outlook and have new ideas

]]> 2026-03-10 20:24:27 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987155 Lottie https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987180 Might make other employees angry that they didn’t get the promotion. Also could get to someone’s head and they could turn unproductive.

]]> 2026-03-10 20:24:30 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987180 Harrison Deitz hdeitz https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987206 Employees feel motivated to perform well because they see a pipeline for promotions.

]]> 2026-03-10 20:24:33 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987206 Luke Dietz https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987212 External labor markets have applicants with variety of skills to choose from

]]> 2026-03-10 20:24:33 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987212 Sarah Davis https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987284 People can become too comfortable and begin to slack off

]]> 2026-03-10 20:24:37 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987284 Colin Lansaw https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987324 Creates a sense of loyalty because people see the chance to move up within the company

]]> 2026-03-10 20:24:40 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987324 It will be more of a closs minded working community, and the competitors would have access to the other job seking individuals that qualify. https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987348 2026-03-10 20:24:43 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987348 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987351 would have to familiarize with the company

]]> 2026-03-10 20:24:43 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987351 Emelin Cruz https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987382 Larger pool of candidates to choose from.

]]> 2026-03-10 20:24:45 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987382 Shamal K https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987516 Higher recruiting/training costs

Takes longer to hire people

]]> 2026-03-10 20:24:49 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987516 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987544 The person may not be as familiar with company dynamics and may not get along with coworkers.

]]> 2026-03-10 20:24:52 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987544 Emelin Cruz https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987598 Riskier because the employer doesn’t fully know how the person will perform

]]> 2026-03-10 20:24:59 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987598 Katherine Busse https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987613 lack of outside perspectives and review/evaluation of internal processes and dynamics

]]> 2026-03-10 20:25:00 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987613 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987652 Applicant lacks an understanding of internal culture and policy which will negatively impact the company while the applicant learns about the company.

]]> 2026-03-10 20:25:04 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987652 Colin Lansaw https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987663 Might limit new ideas from outside sources

]]> 2026-03-10 20:25:06 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987663 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987665 Recruitment is a long process and new employee may have questionable reliability

]]> 2026-03-10 20:25:06 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987665 emily craig ecraig1_21 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987698 brings fresh experiences and new perspectives/ideas to the company; might be more motivated because they want to establish/prove themselves since they are new

]]> 2026-03-10 20:25:10 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987698 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987795 motivates workers to work hard

]]> 2026-03-10 20:25:20 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987795 Luke Dietz https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987854 These applicants have less company loyalty than internal applicants

]]> 2026-03-10 20:25:26 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987854 Colin Lansaw https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987873 Brings a new take and perspective on things

]]> 2026-03-10 20:25:28 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987873 Kora Ouattara https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987890 Due to the company not having previous experience with the employee, they may embellish their skill level to make themselves appear better on applications. If this happens, the company will need to invest additional time/money to either hire a new employee or get the current individual to the proper training level.

]]> 2026-03-10 20:25:29 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819987890 emily craig ecraig1_21 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819988172 lack of understanding of company culture and the nuances of the company

]]> 2026-03-10 20:25:44 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819988172 Colin Lansaw https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819988240 More risk involved when they aren't familiar with how the company operates

]]> 2026-03-10 20:25:53 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819988240 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819988504 may not always fit the role (i.e. finding a ceo would probably look for outside source)

]]> 2026-03-10 20:26:17 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819988504 Harrison Deitz hdeitz https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819989019 Companies can improve efficiency by getting employees with the skills they want, rather than developing them within employees.

]]> 2026-03-10 20:26:59 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819989019 Harrison Deitz hdeitz https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819989885 Managers may be feel to compelled to promote people based on company precedents rather than if they truly deserve a promotion.

]]> 2026-03-10 20:28:10 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819989885 Lisset Vargas lissetv7 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819992370 Promoting from within the company can be beneficial because employees already understand the organization, its culture, and how things operate. This means they usually need less training and can adjust to the role faster. It also motivates employees because they see opportunities for growth and advancement within the company.

]]> 2026-03-10 20:31:37 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819992370 Lisset Vargas lissetv7 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819992546 One downside of relying on the internal labor market is that the company may miss out on new ideas and perspectives from outside candidates. The pool of talent is also limited to current employees, which means the best possible candidate might not be available internally. In addition, when someone is promoted, their previous position still needs to be filled.

]]> 2026-03-10 20:31:56 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819992546 Lisset Vargas lissetv7 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819992662 Hiring from the external labor market allows companies to bring in new skills, experiences, and ideas that may not already exist within the organization. It also gives companies access to a much larger pool of candidates, which increases the chances of finding someone highly qualified. This can help companies stay competitive and adapt to changes in the industry.

]]> 2026-03-10 20:32:09 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819992662 Lisset Vargas lissetv7 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819992784 However, hiring externally can take more time and resources because companies need to recruit, interview, and train new employees. New hires may also take longer to understand the company culture and how things are done internally. Additionally, current employees may feel less motivated if they see that higher positions are often filled by outsiders instead of being promoted from within.

]]> 2026-03-10 20:32:23 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819992784 Ryan Roboubi https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819993925 Are able to get various perspectives on how competitors work and may be able to impart new ideas on the company (diversity)

]]> 2026-03-10 20:34:12 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819993925 Ryan Roboubi https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819994502 Very costly, as it costs a lot more to hire someone externally, than promote someone internally

]]> 2026-03-10 20:34:37 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819994502 Ryan Roboubi https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819998283 Creates a culture of people "deserving" a certain job. There may be a lack of effort imparted as there is a reduction in the perceived effort needed in the company

]]> 2026-03-10 20:39:29 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819998283 Ryan Roboubi https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819999816 Makes people more empowered in the role to take risks as they know what the benefits can be. It may even lead to more productivity and employee citizenship behavior.

]]> 2026-03-10 20:41:26 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3819999816 Ephraim Tian etian24 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3820048847 There is more motivation since their are opportunities to advance

]]> 2026-03-10 21:50:54 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3820048847 Ephraim Tian etian24 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3820049238 Overlooking some employees/canidates

]]> 2026-03-10 21:51:31 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3820049238 etian24 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3820050130 Perspective can expand with a plethora of new ideas

]]> 2026-03-10 21:52:13 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3820050130 Ephraim Tian etian24 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3820050398 May need more training to better understand their positions

]]> 2026-03-10 21:52:51 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3820050398 Shaun Bieber https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3820528568 Some positives of the internal labor market is increase in employee motivation. Promoting within can increase morale, and increase loyalty. There is also a reduced risk with hiring externally, since you already know the skills and capabilities of the employee you promote/hire within.

]]> 2026-03-11 04:27:20 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3820528568 Shaun Bieber https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3820534231 Cons of the internal labor market can be limiting the application pool of who should be hired/promoted. An organization can limit themselves by not expanding externally into the labor market. Another con is that the internal labor market can also cause internal competition within the organization causing a hostile environment and culture for employees.

]]> 2026-03-11 04:32:22 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3820534231 Shaun Bieber https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3820537248 A positive for the external labor market is that it increases the skill pool of applicants. It provides a wider range of diverse applicants that could carry new skills and perspectives that current employees in the organization do not carry.

]]> 2026-03-11 04:35:26 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3820537248 Shaun Bieber https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3820539191 Some cons for the external labor market include longer time frames of hiring, specifically through the recruitment and selection process, which can in time increase costs. This also prolongs the period of time to fulfill a new position for a specific role, which can cause a heavier workload for current employees in the organization, which then leads to decrease in motivation and job performance.

]]> 2026-03-11 04:37:17 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3820539191 Carlos Escobar https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3820810256

  • Higher morale and motivation because opportunities for promotion

  • Lower recruiting costs

  • Current employees already understand the company and the culture

    • ]]>     2026-03-11 08:12:56 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3820810256     Carlos Escobar https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3820811934 Not as big of a pool of candidates

    ]]>     2026-03-11 08:14:21 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3820811934     Carlos Escobar https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3820816375 There is a larger talent pool. More options and skills. May also bring in new ideas into the company.

    ]]>     2026-03-11 08:18:05 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3820816375     Carlos Escobar https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3820818351 Recruiting costs are usually higher because of advertising, recruiters, onboarding etc. also a longer adjusting period


    ]]>     2026-03-11 08:19:43 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3820818351     Motivated employees https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823483639 Jack Hartman

    ]]>     2026-03-12 21:17:26 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823483639     Jack Hartman https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823483737 Less diversity

    ]]>     2026-03-12 21:17:37 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823483737     Kevin Monge https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823483764 They feel as if they are valued within the company, and have a lot of data on those workers

    ]]>     2026-03-12 21:17:40 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823483764     New people brought in https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823483817 New experiences and diversity

    ]]>     2026-03-12 21:17:46 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823483817     Fjona Xhema fxhema https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823483889 I think there is a lot of access of performance and knowing the business gives you a lot of motivation to work and get better to get a higher pay for example.

    ]]>     2026-03-12 21:17:55 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823483889     Hartman https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823483890 Employees may not be prepared.

    ]]>     2026-03-12 21:17:55 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823483890     Kevin Monge https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823484038 A con would be less innovation, that could be gotten externally.

    ]]>     2026-03-12 21:18:10 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823484038     Simone Resmini sresmini https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823484089 The organization already knows the employee strenghts and weaknesses and also the employee need less onboarding activity

    ]]>     2026-03-12 21:18:15 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823484089     Nolan Spring https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823484146 Promoting internally motivates employees to perform because they see it’s possible to climb the corporate ladder.

    ]]>     2026-03-12 21:18:20 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823484146     Lakyla Mills https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823484170 A lot of people choose a company with a strong internal market because it provides a realistic path to becoming a partner(making people stay).

    ]]>     2026-03-12 21:18:23 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823484170     Kevin Monge https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823484429 These people often can be hired to fit exactly what a company needs

    ]]>     2026-03-12 21:18:46 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823484429     Kevin Monge https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823484564 They are more expensive than internal hires

    ]]>     2026-03-12 21:19:03 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823484564     Joshua Wang https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823484600 It is a motivation for the employees, lower the hiring cost, and it lets the candidates know what the company’s procedures, cultures, and systems do.

    ]]>     2026-03-12 21:19:08 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823484600     Simone Resmini sresmini https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823484632 people from the outside can bring ne perspectives

    ]]>     2026-03-12 21:19:14 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823484632     https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823484634 I think the pros are they understand the company, have better sense of belonging, lower hiring cost, less risk cuz the company knows about their performance.

    ]]>     2026-03-12 21:19:14 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823484634     Lakyla https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823485002 Doesn’t bring in another perspective/different ideas. Most of the internal market hires align directly with the company and sometimes lack of change is negative.

    ]]>     2026-03-12 21:19:49 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823485002     Simone Resmini sresmini https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823485148 external labor market favors innovation and thinking different

    ]]>     2026-03-12 21:20:05 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823485148     Blake Pahlavan https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823485152 Promotes employees within the company, builds relationship within company. Adds incentive for employees to perform well.

    ]]>     2026-03-12 21:20:06 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823485152     Madison Trice mtrice12 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823485159 lower costs for hiring and you know the performance of the employee

    ]]>     2026-03-12 21:20:06 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823485159     Lakyla https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823485282 Brings in different talent/work backgrounds.

    ]]>     2026-03-12 21:20:21 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823485282     Joshua Wang https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823485359 It limits the pool of talented candidates, shows internal competition and conflicts, and created vacancy inside the positions that is left open.

    ]]>     2026-03-12 21:20:30 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823485359     Fjona Xhema fxhema https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823485506 I think sometimes family or friends get promoted instead of the best person

    ]]>     2026-03-12 21:20:47 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823485506     Simone Resmini sresmini https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823485565 External candidates may hide some unexpected weaknesses and may not fit ideally in the organization's culture and way of doing

    ]]>     2026-03-12 21:20:55 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823485565     Madison Trice mtrice12 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823485699 limited job pool and can create conflict among employees about relocation and promotions

    ]]>     2026-03-12 21:21:07 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823485699     Blake Pahlavan https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823485779 You are limited to the skills of the employees you already have

    ]]>     2026-03-12 21:21:14 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823485779     Lakyla https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823485887 External hires can make job hoping more popular. For example, if someone works at the company and knows they hire externally they will probably start a job search outside of the company.

    ]]>     2026-03-12 21:21:26 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823485887     Joshua Wang https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823485957 It allows access to new talent and ideas outside the company, have larger candidate pools, and have possibility to bring in specialized skills from elsewhere.

    ]]>     2026-03-12 21:21:33 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823485957     Fjona xhema fxhema https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823486157 Avoids favoritism and gives everyone a fair chance

    ]]>     2026-03-12 21:21:51 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823486157     Joshua Wang https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823486846 It has a higher recruitment costs, have longer adjustment times, and there is a risk of a poor fit to the company.

    ]]>     2026-03-12 21:22:32 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823486846     Madison Trice mtrice12 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823486890 broader job pool for prospective hires

    ]]>     2026-03-12 21:22:35 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823486890     Fjona xhema fxhema https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823486997 It avoids favoritism and gives employees a fair chance for improvement and real outcome and opportunity to become the best

    ]]>     2026-03-12 21:22:47 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823486997     Madison Trice mtrice12 https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823487253 costs the company more money and increases the onboarding process

    ]]>     2026-03-12 21:23:10 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823487253     Fjona xhema fxhema https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823487286 It can take longer to find the right person

    ]]>     2026-03-12 21:23:15 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823487286     Blake Pahlavan https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823487338 You aren’t limited to as small pool of employees. Inherently more diversity in skills and background.

    ]]>     2026-03-12 21:23:21 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823487338     Blake Pahlavan https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823487498 Have to do more onboarding

    ]]>     2026-03-12 21:23:39 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3823487498     Balraj Singh balrajcollege https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3838265325 Internal labor markets motivate employees because they see opportunities for promotion and career growth within the company. It also reduces hiring and training costs since current employees already understand the organization. This helps build loyalty and long-term organizational knowledge.

    ]]>     2026-03-24 21:42:05 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3838265325     Balraj Singh balrajcollege https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3838265672 Internal labor markets can limit new ideas because companies keep promoting the same people. It can also create internal competition and politics. Additionally, the company may not always have the necessary skills internally for certain roles.

    ]]>     2026-03-24 21:42:44 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3838265672     Balraj Singh balrajcollege https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3838265848 The external labor market allows companies to bring in new skills, ideas, and perspectives. This can increase innovation and help companies fill specialized roles quickly. It also allows firms to choose from a larger pool of candidates.

    ]]>     2026-03-24 21:43:03 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3838265848     Balraj Singh balrajcollege https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3838266012 External hiring is expensive and risky because new employees may not perform well or fit the company culture. It can also demotivate current employees if they are passed over for promotions in favor of outsiders.

    ]]>     2026-03-24 21:43:24 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3838266012     Kimberly Baca https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3851064642 Promoting Internal Growth motivates employees to perform at higher rates for a company and supports company loyalty

    ]]>     2026-04-02 18:35:44 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3851064642     Kimberly Baca https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3851065080 It creates conflict and limits diversity and perspectives.

    ]]>     2026-04-02 18:36:36 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3851065080     Kimberly Baca https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3851065606 Increases diversity and promotes new ideas and innovation

    ]]>     2026-04-02 18:37:50 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3851065606     Kimberly Baca https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3851066204 It creates higher cost, and there are risk of people not fitting in company or culture

    ]]>     2026-04-02 18:38:51 UTC https://padlet.com/gregorymarr/402buz3byg3hd2v6/wish/3851066204