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单词 internal labour market
释义
internal labour market

Economics
  • The system by which recruitment for senior appointments in an organization is mainly from existing employees in lower-grade jobs. The main merits of internal labour markets are that a firm is likely to know more about the strengths and weaknesses of existing employees than outsiders, and that a reputation for internal promotion as its preferred strategy may assist in recruitment and retention of staff. See also external labour market.


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