1) Loyalty- to me, to the company, to the mission, to the company as well as the employee's principals
2) Continuity- I look to promote a person who is, for all intents and purposes, already doing the job I am considering them for
3) Compatibility- What are their career goals? Is this promotion in line with their goals? If it is, then they will have a greater buy-in. This should result in better performance.
As for your other question- yes, I absolutely foresee more growth for my company and greater hiring/retention budgets.
Charles
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