Why hiring friends and family might be good for business

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READ: Research has found that hiring from within employee networks would appear to be a profitable strategy for many companies.

Analysis: research has found that hiring from within employee networks would appear to be a profitable strategy for many companiesMark Zuckerberg, the CEO of Meta/Facebook, recently remarked in a podcast interview that when it came to hiring new staff, his preference was people whose"values aligned in the things that you care about". This, he said, was akin to"choosing a friend or a life partner".

From RTÉ 2fm's Jennifer Zamparelli show, creative agency owner and freelance writer, Emilie Mendham on how to overcome job interview anxiety We need your consent to load this rte-player contentWe use rte-player to manage extra content that can set cookies on your device and collect data about your activity. Please review their details and accept them to load the content.Manage PreferencesGary Becker, the American economist, made a similar distinction in his 1957 book The Economics of Discrimination but reached a different conclusion.

They are then asked how much they would like to transfer to an individual in the role of an employee. Whatever they transfer is then multiplied, usually by three, and given to the employee. The employee must decide how much to give back to the manager. Both are trying to end up with as much money as possible. Hence the manager is investing in the employee and trusting them to return some of the investment.

 

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