Internal Hiring vs External Hiring – What’s Better? Ft. Fit Small Business

Internal Hiring vs External Hiring – What’s Better? Ft. Fit Small Business

Internal Hiring vs External Hiring Podcast Ft. Fit Small Business

Summary

This episode’s conversation explores the topic of internal versus external hiring in small businesses. Experts from Jumpstart HR and the Fit Small Business team discuss the key differences between the two methods, including the impact on cost, time efficiency, employee morale, retention rates, and diversity of skill sets. They also provide a five-step framework to determine whether to fill a role with an internal hire or an external hire, which includes assessing current skills and gaps, identifying growth and development opportunities, conducting a cost benefit analysis, considering cultural fit and adaptability, and evaluating long-term impact and strategic alignment.

Takeaways

-Internal and external recruitment methods have different impacts on cost, time efficiency, employee morale, retention rates, and diversity of skill sets. -A five-step framework can help small businesses determine whether to fill a role with an internal hire or an external hire: assess current skills and gaps, identify growth and development opportunities, conduct a cost benefit analysis, consider cultural fit and adaptability, and evaluate long-term impact and strategic alignment. -Communication, performance reviews, and feedback are important in assessing current skills, identifying growth opportunities, and promoting internal candidates. -Cost considerations include compensation, benefits, and potential expenses for external hiring, while internal hiring may involve salary adjustments and filling previous positions. -Cultural fit and adaptability should be considered when deciding between internal and external candidates, as well as the long-term impact and alignment with business goals.

 

Chapters

00:00 Introduction

03:23 Key differences between internal and external recruitment methods

06:00 Cost implications of internal versus external hiring

08:46 Time efficiency of internal and external recruitment methods

14:16 Effect of internal and external recruitment on employee morale and retention

16:31 Impact of internal and external candidate recruiting strategies on diversity of skill sets

21:57 Step 1: Assessment

24:30 Step 2: Identifying

28:04 Step 3: Costs

31:24 Step 4: Culture

31:54 Step 5: Long-term impact and strategic alignment

 

To learn more about Internal vs External Hiring, visit @FitSmallBusiness’s Helpful Guide: Click Here

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HR Podcast: Is your workplace PUMP Act Friendly? + Can I-9’s Be Completed Remotely?

HR Podcast: Is your workplace PUMP Act Friendly? + Can I-9’s Be Completed Remotely?

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Welcome to another insightful episode of the “While We Were Working” HR podcast! In this episode, we delve into the latest developments surrounding the PUMP Act and the question of whether Form I-9’s need to be completed in person. Join our expert panel as we discuss the implications of these new requirements and their impact on employers and employees alike.

 

Timestamps:

00:00 – Introduction

01:59 – Understanding the PUMP Act: Exploring its new requirements (While We Were Working Segment)

15:04 – Form I-9: In-person completion or remote alternatives? (Consultant’s Corner Segment)

Episode Details:

In this engaging HR podcast episode, our knowledgeable hosts dive deep into the intricacies of the PUMP Act, shedding light on the updated requirements that organizations need to be aware of.

We analyze the key aspects of the legislation and explore its potential implications on businesses, employee rights, and compliance obligations.

Form I-9, a crucial document for verifying employment eligibility, has traditionally required in-person completion. However, in light of evolving workplace dynamics and the impact of the COVID-19 pandemic, we examine whether digital alternatives and remote completion options can be considered viable alternatives.

We discuss the benefits and challenges associated with these approaches and provide practical insights for employers navigating this changing landscape.

As we unravel the complexities surrounding the PUMP Act and Form I-9 requirements, our expert panel offers valuable perspectives and actionable advice.

Gain insights into compliance considerations, best practices, and the potential consequences of non-compliance.

Whether you are an employer, HR professional, or an employee seeking clarity on these matters, this episode equips you with the knowledge needed to adapt and comply with the new regulations.

Tune in to the “While We Were Working” podcast and join the conversation surrounding the PUMP Act and the evolving landscape of Form I-9 completion.

Stay informed, make informed decisions, and ensure compliance in this ever-changing world of employment regulations with our weekly HR podcast.

Don’t forget to like, subscribe, and share this episode with others who may find this information valuable. Stay tuned for more engaging discussions on the “While We Were Working” podcast!

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#PUMPAct #FormI9 #EmploymentRegulations #Compliance #HR #Podcast

 

Hosts: Joey Price and Sommer Ketron

This show is powered by Jumpstart:HR, LLC