RECRUITMENT

OUTLINEs

• DEFINITION

• ACTIVITIES ASSOCIATED WITH RECRUITMENT

• SOURCES OF RECRUITMENT

• ADVANTAGES AND DISADVANTAGES

INTRODUCTION• The Process of attracting individuals in sufficient

numbers with the right skills and at appropriate times to apply for open positions with in organization.

ACTIVITIES ASSOCIATED…

• Strategy

• Job Posting

• Interview Process

• Pre Employment test

• Cost Per hire

Sources of Recruitment

•TRANSFER•PROMOTION•UPGRADATION•RETIRED EMPLOYEE•RETRENCHED EMPLOYEES•DEPENDENTS AND RELATIVES OF DECESSED EMPLOYEES

•PRESS ADVERTISMENT•EDUCATIONAL INSTITUTES•PLACEMENT AGENCIES•EMPLOYMENT EXCHANGES•LABOUR CONTRACTORS•EMPLOYEE REFERRALS•UNSOLICITED APPLICANTS•RECRUITMENT AT FACTORY GATE

INTERNAL EXTERNAL

ADVANTAGES OF INTERNAL SOURCES

• It is time saving, economical, simple and reliable.

• There is no need of induction training

• It motivates the employees of work hard in order to get higher jobs in the same organization.

• It increases the morale of the employees.

• It reduce executive turnover.

DISADVANTAGES OF INTERNAL SOURCES

• It prevents new blood from entering the organization.

• It has limited scope because it is not possible to fill up all types of vacancies from within the organization.

• The position of the person who is promoted or transferred will be vacant.

• Those who are not promoted will be unhappy.

ADVANTAGES OF EXTERNAL SOURCES

• It encourages young blood with new ideas to enter the organization.

• It offers wide scope for selection. This is because a large number of suitable candidates will come for the selection process.

• There are less chances of bias or partiality.

• Here there is no need to maintain confidential records

DISADVANTAGES OF EXTERNAL SOURCES

• It is very costly. This is because advertisements, test, medical examination etc., has to be conducted.

• It is very time consuming. This is because the selection process is very lengthy.

• It may not develop loyalty among the existing managers.

• The existing managers may leave the organization if outsiders are given higher post.

LATEST TRENDS IN RECRUITMENT

• Recruitment Technology(Mobile, Social media)

2.3 million in 2012 to 9.3 million in 2013.

• Workforce Analytics

• Social Hiring

INNOVATION IN RECRUITMENT

SIMULATIONS, DINNERS(BCG GROUP)

EARLY SCRRENING & GRILLING(CITI BANK)

LEADERSHIP TESTS(M&M, RPG)