Even as fresh hiring is on the back burner for most companies right now, there are attempts being made to fill up positions internally.

Internal hiring is the new normal

To fill up open positions, companies in the Asia Pacific region are opting for internal hiring over bringing in new talent, the survey showed.

“For employers, onboarding processes are simplified (when they hire internally) which means the speed to hire can generally be accelerated and hiring costs can be reduced,” LinkedIn said. “For employees, a change of role can be rewarding as it allows them a chance to enhance their skills, develop new interests, and gain a more holistic understanding of the organisation.”

However, hiring internally comes with its own challenges. “The most obvious concern is a lack of resources (time and cost),” the report added.

📬 Sign up for the Daily Brief

Our free, fast, and fun briefing on the global economy, delivered every weekday morning.