Define and discuss INTERNAL vs. EXTERNAL recruitment practices. What are the tradeoffs of each approach

Internal recruiting is recruiting candidates form inside the organization and external recruiting means to recruiting candidates form outside source.

Explanation:

Recruitment meas hiring people or employees for a particular position in the company to perform a particular task with some skill sets. Hiring or recruitment can be done both by externally and internally.

Recruiting internal candidates means hiring people from within the organization who have a prior knowledge or experience in the company. While external recruitment means hiring people onboard from some external source or from outside and not from within the company.

Both the system of recruitment have pros and cons. Advantage of internal hiring :

1. Smaller budget to hire and train new talents.

2. a position which requires some knowledge of the company from prior.

3. The skill needed are already in the talent pool and are employees are already trained.

answer; customers within the organization

answer; someone must cover the cost associated with the provision of scarce goods in both sectors;