Hiring from within – good or bad?

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With headlines like ‘A Load of Old Bollinger’, it has been difficult to ignore Barclay’s infiltration of our media surrounding the scandal about rigged interest rates.

Now, with the pressure rising to appoint a new Chief Executive from an external source in order to ‘clean up the image of the company’, the question of whether hiring from within is good or bad has arisen.

Here are a couple of interesting articles exploring the pros and cons of internal hiring and promotion against an external option.

The topical view from Bloomberg:

http://www.bloomberg.com/news/2012-07-03/barclays-under-pressure-to-find-an-external-ceo-successor-1-.html

And the academic view from Wharton:

http://knowledge.wharton.upenn.edu/article.cfm?articleid=2961

How is it with your organisation? Is there a succession plan that covers all roles from top to bottom? And do you encourage and welcome applications from within?

Written by Will Shepherd, Managing Director of PPS Works Ltd. 

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