Promoting from Within vs. Hiring Externally?

When it’s time to fill an important role, should you promote from within your team or hire someone new from the outside? The answer: it depends. In this episode, Anna Angelova and Jores Minasvand break down the pros and cons of each approach and share how to make the decision that’s best for your business. From assessing skills and values to avoiding the trap of “good enough,” they explain why the process should always start with clearly defining the role and then opening the door to both internal and external candidates. You’ll learn: The hidden costs of promoting from within and how to prepare for them Why “good enough” can be the enemy of great How to create a fair process for both internal and external applicants When fresh ideas from outside hires can be a game-changer Why training and succession planning matter long before a role opens If you want to build and keep an A-team, this episode will give you the clarity, strategy, and confidence to make the right hiring call. Need help hiring the right way and developing your team? Learn more about our Thrive360 consulting: https://leficomp.com/thrive360 and Empower360 leadership coaching: https://leficomp.com/empower360-leadership/ services.