I guess it depends on where you work, or perhaps the field. I have seen some truly awful external hires. I have also seen some great ones, but I suppose it is m

I guess it depends on where you work, or perhaps the field. I have seen some truly awful external hires. I have also seen some great ones, but I suppose it is more of a gamble to go external, whereas promoting internally has a lower downside and also lower upside. One major negative of hiring externally is it harms employee moral. There have been a number of studies that hiring internally is better for long-term organizational health.