05/17/2013 (press release: NETtime) // NETtime Solutions
In a recent survey titled, “Promotions at Work: From Within the Company or From the Outside?” NETtime Solutions collected feedback from both employees and business owners about their views on internal promotions. Employees and management/ownership were nearly evenly represented among the respondents, providing a balanced view of the survey topic.
Overall, the practice of promoting from within was highly regarded by both segments of the survey. The majority of employees (92%) reported having worked at a company that engaged in some form of internal promotion policy. Similarly, 86% of managers and business owners made it a practice to promote employees internally versus hiring from outside the company.
When employees were asked if they would rather work for a company that promoted from within the answer was unanimously, “Yes.” Reasons listed for the response included:
• It shows they value their employees
• I would work harder so I could get to the next step
• People will stay with the company longer if there is opportunity
• It is important to keep talent in your company
In addition to being the employee preference, all managers and business owners also felt that promoting from within came with additional benefits. These included knowledge of the company, its workplace policies and existing clients, as well as proven performance and increased loyalty.
NETtime also uncovered that in certain situations managers and business owners may choose not to hire from within. 100% of survey participants reported that if their current employees did not have the needed skill set, they would seek to hire an outsider first. 71% also believed that hiring from outside the organization would bring fresh ideas to the company. None of the business leaders felt that internal promotions should be overlooked on account of raises, or creating a different job gap that would also need to be filled.
Across the board, those who took NETtime’s survey favored internal promotions. The general consensus was that companies who made it a practice to promote from within create a culture of excellence where employees strive to be their best and attempt to make long-term careers.
For more details and graphic interpretations of data collected in Promotions at Work: From Within the Company or From the Outside?, please visit http://www.Facebook.com/NETtime or subscribe to our weekly blog for helpful human resource insights.
