Promotions to higher levels should be from within a company and not to hire from outside. Do you agree or disagree?

It is thought that people should get

promotions

within a

company

and not be given from outside. I personally disagree with

this

statement for a couple of reasons.

First

of all, there are cases when the budget of a

company

does not allow employers to reward their employees. A lot of companies experience

such

situations during a financial crisis or because of the improper management of the heads. Even though employers try to find alternatives, workers are quite rarely satisfied with the outcomes forcing them to find another workplace.

For example

, in the 1990s, Ford lost a great number of employees because the

company

could not afford

promotions

and higher salaries offered by other competitors.

Furthermore

, in a vast number of countries, people will not be promoted because of corruption, even though they possess the necessary skills and knowledge.

In other words

, employees are likely to get stuck in the same position for a couple of years or more because they are not relatives or friends of the CEO. Not only will

this

stop the development of a

company

but

also

it may slow down the development of certain sectors of the economy. A prime example would be Russia. Despite its' great potential, it is still among developing countries as the lion share of organizations are corrupted.

This

makes the career path even more challenging for an average person. In conclusion, I absolutely disagree that

promotions

to higher levels should be from within an organization and that

promotions

from outside should be restricted. People may get stuck in the same position for several years because of

such

an approach.