4. Internal Sources
- Advantages
1. Time saving.
2. No separate induction program is required.
3. Increases loyalty
4. Less expensive.
5. Internal Sources
- Disadvantages
1. There is no opportunity to get new talent in this
method.
2. Selecting people from those available in the company so
there is limited scope for selection.
3. There are chances of biased and partiality.
4. Chances of employee discontent are very high.
6. External Sources
- Advantages
1. There is influx of new talent in the method.
2. Encourages more and more competition.
3. There is lesser chance of partiality.
4. If options like campus recruitment have been exercised
we get a chance to employ fresh graduates, thus
increasing employment.
7. External Sources
- Disadvantages
1. The method is costly because it involves recruitment
cost, selection, training cost.
2. Time consuming.
3. The method reduces loyalty to the company.