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Internal hiring is advantageous because it leads to faster onboarding and cost savings. On the other hand, external hiring brings in new skills and ideas. Internal hiring may involve favoritism, while external hiring is based on skills and experience. The choice between the two depends on factors like goals and job availability, and a combination of both can be a balanced approach. Now in this slide, we're going to talk about the differences between internal and external hiring. There are several advantages and challenges in both the process. So we're going to start with internal hiring. Faster onboarding. Internal hires are often familiar with the organization as they are the existing employers of a company. So they find it very easy to get adapted to the working environment. This process is a little bit more cost effective. They save them most of the cost in training and recruitment process. Coming to the external hiring, this one is a fresh procurement of the new skills, new ideas and thoughts for the company. These hires have a fresh idea, fresh talent that can help a company to grow much faster and effectively. There might be a potential favor or favoritism in an internal hiring as these are not influenced by the existing relationship with their senior managers or general managers. While in the external hiring, it's a kind of fresh and pure form of hiring in which decisions are based upon their skills, experience and cultural fit. Now, if we talk about which process should we choose, it mostly depends upon the various factors such as goals, nature of the position, availability of the job and in many cases, a combination of both internal and external promotion recruitment is a balanced approach allowing to choose a best result for a company. Thank you.