Many organizations have realized that there are key benefits of internally sourcing out for employees before they advertise for the particular position or hire a recruitment consultant to handle the situation. Not only does internal recruitment save time but also save the costs associated with finding the right candidate for the job. As illustrated by one Banco Bradesco, Brazil’s leading financial services firm, internal recruitment is one of the best replacement methods that every organization may want to adapt from now henceforth.
Banco Bradesco’s Transitions
For Banco Bradesco, it all started when Brandao de Mello announced that he was stepping down to allow a younger leader to take over. Having served Banco Bradesco from the moment it was established, Lazaro had accomplished so much in his presidential tenure. Not only did he grow Bradesco’s shares in the industry but also focus on mentoring the youth by helping them to achieve personal and organizational targets.
Why Internal Recruitment?
As he stepped down, Brandao de Mello shared his concern about the importance of maintaining the already selected pool of talent. According to him, even if he was resigning, Banco Bradesco had to uphold internal recruitment alongside maintaining the already existing employees because they understood the ropes of Banco’s operations better than a stranger would. For that reason, he decided to hire Luiz Carlos Trabuco Cappi as a successor.
Electing a New President
The decision to choose Luiz Carlos Trabuco Cappi was entirely influenced by his past experiences at Banco Bradesco. Given that he is the CEO and has been working for the organization for about two decades, Brandao de Mello felt that he better qualified for the position even if it was just for a while in preparation to the election of the actual president. Moreover, Luiz Carlos Trabuco joined Banco Bradesco straight from college. From his first entry level job as a clerk, he worked hard to accomplish a lot and earn a promotion. After fifteen years, he was appointed to serve as the vice president where he worked hand-in-hand with Brandao de Mello and Amador Aguia, the founder of Banco Bradesco. In his tenure as vice president, Luiz Carlos Trabuco streamlined the firm’s operations to suit the rising financial needs to clients.
Roles and Responsibilities
Besides, he also connected the bank to the media, thereby giving it a free pass into the portfolio of high-prolific clients. That explains why Banco Bradesco’s shares rose over the years. From that moment onward, Luiz Carlos Trabuco Cappi was trusted to guide the bank critical decision making as well.
Now that a new president is taking over the leadership reigns, not only will Carlos Trabuco be expected to maintain his initial position but also evaluate Octavio de Lazari’s performance to make sure that he is on the right path of service delivery to clients.