From DICE, February 23, 2009...
Companies are still filling openings when they need to, but more often they’re doing it from within. That’s something like good news for people who’d like to keep their career moving even in the midst of the recession, but not good news for people who want to move into a new firm. CareerXRoads found 38.8 percent of all new “hires” were actually internal transfers or promotions, the highest level since the firm began its annual survey on hiring sources eight years ago. One of the company’s principals, Gerry Crispin, told the recruiting site ERE.net that “critical openings” are being filled by internal moves, and the jobs left vacant after the transfer are being picked up by existing staff.
Internal Transfers Growing As Leading Source of Hire [ERE.net]
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