LETTER TO THE EDITOR | Cornell Should Pay its Fair Share cornellsun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cornellsun.com Daily Mail and Mail on Sunday newspapers.
January 19, 2021
Regardless of occupation, industry or country, many organizations face the recurring question of whether a job vacancy should be filled with an internal employee or an external hire.
A new paper co-authored by ILR Assistant Professor Ben A. Rissing and Alan Benson ’07, an assistant professor at the Carlson School of Management at the University of Minnesota, offers strong empirical evidence to suggest that firms should be attentive to their internal pool of potential candidates.
Internal hires not only tend to be high performers, but they are more likely to stay with the organization, the research shows. The highest performing internal hires are especially likely to stay with the organization, while the highest performing external hires are more likely to leave.