IN-HOUSE TALENT
In House Talent
In-house talent refers to an existing employees proficiency in a skill that is distinct from his or her KRA (Key Responsibility Areas). In-house recruitment at an organization implies hiring someone from within the organization rather than outsourcing the process. It is the most common method of filling available positions in an organization. Employees need less time to absorb the new culture and new work than newcomers because they are already familiar with the organization and the job description. There are various benefits and drawbacks to an organizations in-house talent recruitment.
Benefits of Utilizing In-house Talent
- Reduced Recruitment Costs
- Increased Employee Engagement
- Improved Cultural Fit
- Institutional Knowledge Retention
Challenges of Relying Solely on In-house Talent
- Limited Fresh Perspectives
- Potential for Bias
- Limited Skillset Diversity
