Latest / Hiring & Firing with Fexingo: Recruitment, Performance, and Workforce Decisions
The Internal Mobility Hiring Advantage
Most companies treat hiring like an external scavenger hunt, ignoring one of their best talent pools: their own employees. This episode zeroes in on internal mobility — specifically, why companies like Costco and Procter & Gamble promote from within at rates above 80 percent, while the average Fortune 500 company fills fewer than a third of roles internally. Lucas walks through the data on retention, cost per hire, and time-to-productivity for internal vs external candidates. Luna pushes back on the romanticized view, asking about stagnation risk and the 'Peter Principle.' Together…
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