Recruiting and Labor Markets Flashcards
Recruiting
Process of generating a pool of qualified applicants for organizational jobs.
Labor markets
The supply pool from which employers attract employees.
Labor force poplutaion
All individuals who are available for selection if all possible recruitment strategies are used.
Applicant population
A subset of the labor force population that is available for selection using a particular recruiting approach.
Applicant pool
All persons who are actually evaluated for selection.
Employment brand
Image of the organization that is held by both employees and outsiders.
Headhunters
Employment agencies that focus their efforts on executive, managerial, and professional positions.
Job posting
System in which the employer provides notices of job openings and employees respond by applying for specific openings.
Rerecruiting
Seeking out former employees and recruiting them again to work for and organization.
Yield ratio
Comparison of the number of applicants at one stage of the recruiting process withe the number at the next stage.
Selection rate
Percentage hired from a given group of candidates.
Acceptance rate
Percent of applicants hired divided by total number of applicants offered jobs.
