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Promoting within the company is always faster…
Why are people comparing this to a new hire? Apples and oranges people.
And even outside of the company, I bet it would be significantly faster to hire someone if all the candidates were locked in a office room with the interviewers until a candidate was picked.
Interestingly, this is one way people would be chosen for promotion in a worker co-op. The Catholic Church has been syndicalist this whole time.
Edit: let me clarify that. The Papal Conclave gets all the cardinals together to decide on the next Pope. Usually, they choose someone from the cardinals (though not always). So typically, all the candidates for promotion are right there in the room and part of the decision making process.
Technically they can pick any baptized man, even if it has been a couple of centuries since they picked an outsider.
The last time they picked an outsider was in like the 1400s lol.
That’s just not accessible for so many people for various reasons like disabilities, parental responsibilities etcz
they weren't making a serious suggestion. they were saying that's how it works with the pope, of course a hire would go faster if it was done that way.
Well, that moves the question. How come so many companies refuse to promote within?
They would need to hire to fill that old position anyways, or double up someone else’s workload.
And the unfortunate reality, hiring new is cheaper promotion usually implies a pay raise, and if the position you’ve held has already had a few promotions… you usually want to move with some esteem. Not at the very bottom again.
Training everyone for each step up is costly, while training one single person is trivial.