In: Operations Management
Use the Internet to research companies that utilize external recruiting processes. Next, based on your research, provide three (3) characteristics of a job where external recruitment would be ideal. Next, determine two (2) advantages and two (2) disadvantages of using each recruiting process. Support your position with specific examples of the identified advantages and disadvantages.
Employees are hired against the job vacancies. Based on the manpower demand and supply forecasts made, hiring of employees is initiated based on supply forecasts. For this internal and external sources of manpower are utilized. A formal selection board is established to interview and select the best of the candidates for the required vacancies. Finally the selected employees also need to be placed on proper jobs. Here some companies recruit employees for specific jobs while others recruit fresh trainees in large number and train them for future manpower needs.
External Factors includes Demand and Supply, Unemployment Rate, Labor Market Conditions, Political and Legal Environment (Reservations, Labor laws), Image
External Recruitment process
? Professionals or Trade Associations
? Advertisements
? Employment Exchanges
? Campus Recruitment
? Walk-ins Interviews
? Consultants
? Contractors
? Displaced Persons
? Radio & Television
? Acquisitions & Mergers
? Competitors
? Evaluation of External Recruitment
Advantages of External Recruitment:
1. Benefits of new skills and talents
2. Benefits of new experiences
3. Compliance with reservation policy becomes easy
Disadvantages of External Recruitment:
1. Better morale and motivation associated with internal
recruiting is denied
2. It is costly method
3. Chances of creeping in false positive and false negative
errors
4. Adjustment of new employees takes longer time.