Are you expanding your team? Have you created a new management position at your tech company? Is your tech company hiring software developers? You have two basic hiring options – hire internally or hire externally. Which is the right fit for your tech company?
No matter which direction you choose to go – it is important to understand that each has its own set of pros and cons to be aware of, potential advantages and disadvantages that may impact your workforce and your company in the future. When you are faced with a hiring decision, it is important to consider every angle of the hiring internally vs externally debate – and Truss may be able to help tip the scales in your favor.
Truss is a global hiring platform and we are here to help you and your tech company succeed by helping you find, recruit, hire, and manage talented software engineers, developers, IT specialists, and programmers in emerging markets like Central Asia.
Contact Truss today to learn more about our services!
Differences Between Internal and External Hiring
What is the key difference between hiring internally and externally? Well – when you hire internally, you promote or transfer a current employee to a different role. When you hire externally, you recruit and hire a brand-new employee from outside the company.
Many companies that prefer to hire and promote internally like the fact that it promotes a company-wide culture and minimizes the amount of time spent onboarding and training new employees. This process is used by many companies as an initial strategy to put the right person in the right position to succeed and drive success for the company. Hiring externally provides a different set of pros and cons that many companies prefer and it allows companies to open up the position to a broader pool of candidates that includes global remote employees.
What Are the Pros and Cons of Internal Hiring?
Is your tech company considering hiring internally for that Senior Software Engineer position? Are you still considering your options? Here is a better look at the pros and cons of internal hiring.
What Are the Pros and Cons of External Hiring?
External hiring is a second option to fill the open position on your team – but that does not mean it is not the best. When you hire employees externally it opens up many doors to you and your company – including hiring remote tech employees internationally with the help of Truss. Here is a better look at the pros and cons of external hiring.
Pros of Internal Hiring
- Job candidates have prior knowledge of the company and have already been onboarded.
- The hiring process tends to be faster than hiring externally – an average of 24 days in the United States.
- Employees hired internally are already acclimated to your company pay scale and tend to cost less compared to external hires – by an estimated 18%.
- There is a clear performance history for that candidate.
- Allows companies to retain and develop talented employees.
Cons of Internal Hiring
- There is a need to backfill the position that internal hires leave behind, which has a cascade effect on your team and can leave you shorthanded.
- Internal hiring has the potential to damage employee morale. Employees passed over may feel dejected or slighted and may leave your company.
- Internal hires come from a much smaller talent pool and you may limit the capabilities of your team by hiring an internal employee that is not wholly qualified.
Pros of External Hiring
- Your company will gain access to a massive pool of global talent that includes remote workers and international employees that you do not have access to when you hire internally.
- When you hire externally, you can expand your team in both number and capability. More talented employees mean you can grow your business and build toward continued success.
- External hires can be a breath of fresh air to your company with diverse ideas, cultures, and mindsets that can help refresh and re-energize your team.
- External hires arrive with a different set of skills that may be new to your team. Different solutions for the same old problems, new skills, and new methods can all have long-term benefits to your team.
Cons of External Hiring
- Onboarding and training external hires can take more time than an internal employee.
- When you hire externally, you may need to advertise and recruit – which may cost more than just promoting an internal employee.
How Can Truss Help with External Hiring?
Are you debating hiring internally vs externally? Truss may be able to help you make your decision. Truss provides tech companies with a global employment platform that specializes in finding, recruiting, hiring, onboarding, and managing talented employees from Central Asia for your remote workforce.
Hiring externally provides an impressive list of pros – which are highlighted by a massive pool of talent across the globe – but it does have a few cons. And the cons of hiring externally can be mitigated when you choose Truss.
The Truss Team has the local knowledge to help you find the right fit for your team in countries like Uzbekistan, Kazakhstan, and Georgia in Central Asia. With lower employment costs in Central Asia, Truss can help your company save money with external hires when compared to hiring in the United States and when you hire with Truss, we will provide onboarding and management services as a part of our global platform that allow you to focus on business operations. Worried about local employment laws? Truss can serve as your employer of record in Central Asia and will ensure that you remain compliant with local labor laws every step of the way.
Contact Truss today to learn more about how we can help you hire external employees in Central Asia!
