Question

Compare and contrast the advantages and disadvantages of 3 methods for determining internal and external supply.

Answer 1

ADVANTAGES

INTERNAL	EXTERNAL
1. They know company's rules, norms and culture.	1. Have skills that are lacking in internal employees.
2. Cost of hiring will be low.	2. Brings in new ideas to perform a particular task or job.
3. Performance expectations are already being measured.	3. Chance of adding new talent in the workforce.

DISADVANTAGES

INTERNAL	EXTERNAL
1. Group's overall performance might get affected by removing member of an existing team.	1. Candidate might impress at the interview but fail to deliver at work.
2. It will create vacancy needs by removing one person from one post to senior one.	2. It takes more time.
3. It may create disputes among employees.	3. Cost is high.