Midterm Flashcards
It is defined as a process that provides the organization with the pool of qualified candidates from which to choose.
Recruitment
Why is recruitment important?
Highly talented and motivated employees offers a competitive advantage which is a firm’s ability to add value to the company through its assets (one being its human resources); and is able to lower its costs.
3 fundamental stages of recruitment
- Identify and generate applicants.
- Maintain applicant interest and participation as they continue through the assessment process. During recruitment, the organization is trying both to assess and to attract the best job applicants.
- Influence job choice so that desired applicants are willing to accept offers made to them.
The Recruitment Funnel
Attract candidates - Identify qualified candidates - Assess candidates - Hire
Applicant Quantity and Quality
Quantity: Generating a sufficient number of applicants during the first stage of the recruitment process
Quality: It relates to applicants having the requisite skills needed as well as representing a diverse pool of applicants.
It offers potential applicants a realistic, and sometimes unappealing, view of the actual job.
Realistic Job Previews
It is the process of looking inside the organization for existing qualified employees who might be promoted to higher- level positions.
Internal Recruitment
It is a mechanism for internal recruiting in which vacancies in the organization are publicized through various media such as company newsletters, bulletin boards, internal memos, and the firm’s intranet.
Job Posting
In this mechanism for internal recruiting, a manager solicits nominations or
recommendations for a position that needs to be filled from supervisors in the organization.
Supervisory Recommendation
It is the process of looking to sources outside the organization for prospective employees.
External Recruitment
The organization simply informs current employees that positions are available and encourages them to refer friends, family members, or neighbors for those jobs. (External Recruiting)
WORD-OF-MOUTH
RECRUITING
___________________ on websites and in newspapers and related publications are also popular methods for external recruiting.
ADVERTISEMENT
They are more likely to serve the white-collar labor market (although some serve specialized niches such as office workers), and they charge a fee for their services.
Private Employment Agencies
In a ________ _____________ _____________, all potential employee job applicants are currently unemployed, but many employed individuals use the services of private employment agencies in an effort to find other work while maintaining their current jobs.
Public Employment Agency
It is an individual working for an executive search firm who seeks out qualified individuals for higher-level positions.
headhunter
Most large organizations visit college campuses every year to interview graduates for jobs within the organization. (External Recruiting)
COLLEGE PLACEMENT
OFFICES
Usage of online job boards, social media, and internet communication tool.
DIGITAL RECRUITING
Research shows that organizations that want to hire interns tend to be more open to their creativity, which helps to attract interns who are interested in full-time jobs after graduation. (External Recruiting)
INTERNSHIP
Advantages & Disadvantages: Internal Recruiting
Advantages ➛ Increases motivation
➛ Sustains knowledge and culture
Disadvantages ➛ May foster stagnation
➛ May cause a ripple effect
Advantages & Disadvantages: External Recruiting
Advantages ➛ Brings in new ideas
➛ Avoids the ripple effect
Disadvantages ➛ May hurt motivation
➛ Costs more
PARTS OF A JOB ADVERTISEMENT
- Company Information (Name of the company, logo, and address)
- Job Title
- Summary of Job - Responsibilities
- Qualification (Education, number of years of experience, skills, and abilities needed)
- Company Benefits
- Application Instruction
- List of requirements needed
- Contact Person
FACTORS AFFECTING JOB ATTRACTIVES - Unattractive Features
- Fit with organization
- Organizational image
- Comparison with other alternatives
FACTORS AFFECTING JOB ATTRACTIVES - Attractive Features
- Treatment during recruitment
- Pay and benefits
- Location
- Job characteristics/work
It is concerned with identifying the best candidate or candidates for a job from among the pool of qualified applicants developed during the recruiting process.
Selection