
#147 Reid Hoffman: Better Decisions, Fewer Mistakes
The Knowledge Project with Shane Parrish
00:00
Challenges of hiring cadence - promoting from within vs hiring externally
The challenge in hiring cadence lies in the decision of whether to promote from within or hire externally for senior roles during periods of rapid growth. Hiring externally can bring discomfort as it involves assessing the right scale and experience level, as well as managing internal transitions. While promoting from within has benefits like cultural fit and efficiency, solely relying on internal promotions may lead to major blind spots by missing out on diverse perspectives and experiences. The key is to strike a balance between promoting from within and hiring externally to avoid cultural misfunctions and capitalize on the talents available both inside and outside the organization.
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