One of the most fundamental choices that employers make is whether to develop talent internally by promoting from within the organization or to hire talent from the outside. Large employers, in particular, have shifted their approach in recent years and now rely much more heavily on outside or lateral hiring. The prevalence of outside hiring can be seen in the exploding use of search firms and job boards, and in the growing rates of voluntary turnover in organizations - most people who quit do so for jobs elsewhere. The outside hiring trend contrasts sharply with the dominant model of previous generations: reorganizing firms by retraining and relocating existing employees into new roles.
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