Question

In: Operations Management

1.what is referrals 2.what is nepotism 3.what yield ratio 4.what is cost per hire 5.what is realistic job preview

1.what is referrals 2.what is nepotism 3.what yield ratio 4.what is cost per hire 5.what is realistic job preview

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Expert Solution

  1. A recommendation by the insured's primary care physician that insured sees another doctor, often a specialist.
  2. Practice of appointing relatives and friends in one's organization to positions for which outsiders might be better qualified. Despite its negative connotations, nepotism is an important and positive practice in the startup and formative years of a firm where complete trust and willingness to work hard are critical for its survive
  3. Yield ratios measure what percentage of candidates passes from one stage of the hiring process to another. It is usually used to measure how many candidates were hired from a total number of applications.
  4. Cost per hire is the average amount of money you spent on making a hire. This metric is useful when you are creating or tracking your recruiting budget.
  5. Realistic job preview is a tool companies and organizations use as a way to communicate the good and the bad characteristics of the job during the hiring process of new employees, or as a tool to reestablish job specificity for existing employees.



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