Question

In: Economics

Discuss the following, and use examples from the company you work for or a company that...

Discuss the following, and use examples from the company you work for or a company that you are familiar with in your local market to illustrate your points:

  • Benefits and challenges that can arise in using external recruiting
  • Benefits and challenges that can arise in using internal recruiting
  • Which method of recruiting would you choose to fill an open position, if you were in a decision-making capacity in the workplace? Explain your response

Solutions

Expert Solution

Solution:

Given that:

The Benefits and challenges are

1. Internal Recruitment

2. External Recruitment

Internal Recruitment :

  • Creating new atmosphere in an organization.
  • New skill has been entered in an organization which provides Specialisation to the business.
  • New knowledge has been entered into an organization.
  • Cheaper and faster way to appoint new employee as compared to training an existing employee.

Benefits are :

  • Cheaper and fastest way of filling vacant post.
  • Less training is needed.
  • Already know the organization culture and there working.
  • The organization is familiar with strength and weakness of an existing employee who is giving a new vacant post.

Challenge are :

  • Create another vacancy needed to be filled.
  • Conflict arise between existing employee.
  • Limited the new skills entered into the business.
  • No new ideas has been entered in the market.

External Recruitment :

The Benefits of external Recruitment

  • New knowledge and wider skill has been added to an organization.
  • Best candidate can be placed for a role in an vacant job.
  • Wide range of choices has been available with an organization.
  • Creating new opportunities for an organisation.
  • Cheaper and faster than a training.

The Challenges of external Recruitment

  • Morale problem exist inside the internal employee
  • It is more time and cost consuming.
  • Firm will not able to select the employee which fit with an organisation work as well as culture.
  • Longer understand period is needed by an existing employee.

Recruitment is a complex process in which right person has been appointed for a vacant position. It is time consuming and cost consuming process. So, filing a position is a difficult and complicated process .


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