Hiring for any open positions can be a challenge. Factors that impact the hiring process include candidate availability, internal candidate interest and availability, market conditions, and time limit. These and other factors must be considered when designing a hiring process appropriate for international endeavors.

Banks industries need to hire staff for its international operations. Specifically, you need to recruit for a team manager, a director of finance, and an international team coordinator. All are highly specialized positions that require at least ten years' experience, including international experience, and are highly compensated. Because these can be difficult positions to fill, one option is the use of external recruiting services. Another idea is to recruit from within the existing companies. You are going to talk to your boss about it.

Based on the scenario, respond to the following, supporting your statements with scholarly references:

• Your boss does not want to outsource recruitment to external intermediaries. Present your boss with the advantages and disadvantages of using a recruiting service for this project.
• Your boss is also concerned that he doesn't know enough about internal candidates to support promoting from within. Present him with a basic plan that would help objectively establish internal interest and identify internal talent in relation to the open positions.

Here are some additional questions to consider when drafting your responses this week:

1. What are some effective ways of identifying leadership potential?

2. What are some effective ways of developing leadership skills?

3. What skill sets are required of a leader expected to operate internationally?