They would need to hire to fill that old position anyways, or double up someone else’s workload.
And the unfortunate reality, hiring new is cheaper promotion usually implies a pay raise, and if the position you’ve held has already had a few promotions… you usually want to move with some esteem. Not at the very bottom again.
Training everyone for each step up is costly, while training one single person is trivial.
Well, that moves the question. How come so many companies refuse to promote within?
They would need to hire to fill that old position anyways, or double up someone else’s workload.
And the unfortunate reality, hiring new is cheaper promotion usually implies a pay raise, and if the position you’ve held has already had a few promotions… you usually want to move with some esteem. Not at the very bottom again.
Training everyone for each step up is costly, while training one single person is trivial.