Question

Explain the importance of employee recruitment and list some useful sources for finding suitable applicants

Discuss the availability of employees to small firms in different economic climates. Do you think people are willing to work for lower salaries in poor economic climates when jobs are difficult to find.

Do you think companies would find higher quality employees to hire for a lower salary right after a downturn in the economy.

Answer 1

Solution:

It is extremely crucial for any business to recruit good employees who will stick with the organization for a long time and work effectively during her time with the organization. Good employees help the organization grow and scale to higher limits. This is why recruitment is essential because it helps in bringing in people who will help them in making their business grow and become effective. This is why recruiting is crucial for businesses.

One can find applicants for your job requirements on various job portals, professional networking sites such as LinkedIn or on other freelancing websites. These are some of the talent pool where one can find good applicants for their job requirements. Other ways include direct cold calling and word of mouth hiring of competitors employees.

In economically challenging times there are many cases of job losses and this is why there will be many highly qualified candidates who will be willing to work even for smaller firms. They are also willing to take up lower salaries because of the difficulties in the job market because of the economic downturn. This actually becomes an opportunity in disguide for the companies to look for candidates who are highly qualified and hire them for lower salaries during the economic downturn and retain them when the economy starts to recover. THis is a good strategy to decrese the expenses related to the hiring of indivuals for the company.