Why do many firms have a policy of giving first consideration to their own employees?

The reason for preferring internal employees are

- Cost benefits

- Employee Motivation

Explanation:

There are cost benefits associated with promoting the internal employees

1. Saving the job advertisement and hiring process costs: In case of internal hiring, the job is not posted on external platforms thus saving the cost.

2. Internal hiring requires to give less raise than hiring someone from external organization: Please switch organization with higher salaries and external market rate is always higher than internal promotion cost.

Employee motivation is another factor that promoted internal hiring. People know their career paths and promotion chances so they are motivated to work hard. If these opportunities are given to external personnel, current employees lose their job satisfaction.

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation:

if you do not file your taxes you will not have a job, and you credit rate will go down.