Why internal job hopping is the way to go
Changing your career within the same company can be an incredible benefit for you (and your retirement account), especially in a market where employment rates are down. Companies love hiring internally for several reasons, but there are some benefits for you too.
Internal applicants get higher priority in the hiring process. Most managers feel obliged and HR recruiters encourage them to interview any internal applicants for a position first, while external applicants are more scrutinized. One note though – don’t tell your boss until you are in the final rounds for a position. You don’t want to cause a commotion when you might not get the job.
Internal transfers are less expensive. You’ll likely not get as big of a raise by transferring internally compared to moving to a new company, but you can interview during your work hours instead trying to hide your mystery appointments. You also don’t have to worry about not having a paycheck right away with the new job, or worrying about losing your benefits. The company benefits from not having to pay as much recruiting costs.
Easier transition period. Instead of leaving the company, you may be able to start training for your new job during work hours and be available to train the person who is filling your old shoes. Careful not to let the latter take away from your new job though. Let your replacement and former boss know that you are not “on call” just because you’re a few floors away, and specify how much time you will spend on transitioning.
Decreased learning curve for new job. Learning how the company works can take a lot of time. While you may still be new to department processes and people, you are already privy to the inner workings of the company and can get up to speed much quicker than if you were new.
So don't be afraid to regularly look at your company's job postings! (More employees do it than you think.) Your next career move could be right under your nose!


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