Explanation:

Internal hiring simply refers to the process of hiring someone from within your existing business structure to fill a vacant position for your company. Some of the main types of internal hiring include promotions, transfers, employee referrals, and moving temporary employees to full-time positions. Setting up a hiring system for internal candidates can make your job much easier and cut down on your time filling vacant positions.
In order to hire internally, you need to know what internal hiring is and have an established process for internal candidates. A one-size-fits-all solution for job applicants, both internal and external, won’t work when it comes to internal hiring.

Before you start handpicking your next hire, make sure you:

• Establish who will make hiring and job posting decisions.
• Outline a policy for how to post job positions.
• Create an internal hiring policy.
• Use an Application Tracking System to keep track of candidates throughout the hiring process.
• Let employees know about open positions. This could be through email, internal newsletters, internal job boards, or chatting with managers.
• Provide details of the job description. Even if you hire internally you want to make sure you get the best applicants for the position.
• Screen candidates. Hold internal candidates to the same standard as external candidates.