Is it wise to have a preference on external
There’s a good argument for yes.
Sallie Krawcheck, CEO of Ellevest, a U.S.-based
digital financial advisor for women, believes that
hiring externally can bring new perspectives than
those already in a company. But a firm can only
do this if diversity, or as she puts it, “culture add,”
is part of the hiring criteria, she told Stefanie
Johnson, an associate professor of management
and entrepreneurship at University of Colorado’s
Leeds School of Business, in an interview in the
Harvard Business Review.
On the flip side, hiring within can boost morale in
a company as it improves the chance of getting
promoted, reducing the fear of getting passed over
by an outsider.
Bill Walshe, CEO of Viceroy Group, a U.S.-based
hotel chain operator, believes it’s vital to make a
company a great place to work if the company