Should you fill a position internally or hire from outside the company?

As leaders, we have all faced the decision of whether to fill a job by promoting an internal candidate or hiring someone from outside the company. What are some of the factors to consider when making this decision?

Is this an opportunity to redefine the responsibilities of the position?

What is the company’s long-term strategy for developing an in-depth leadership team?

Are there qualified internal candidates?

Does this position need a fresh perspective that only someone from outside the company can provide?

Should you take this opportunity to strengthen your management team by hiring from the outside?

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