Answered: List four factors that could affect a…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

List four factors that could affect a company's recruiting strategy.

Expert Solution

Step 1

A recruitment strategy is a plan that helps in recruiting candidates for a suitable job.

The factors that could affect a company's recruiting strategy are :

Demand and Supply - The demand and supply of human capital play a very important role when it comes to recruitment. If the demand for a professional candidate is high but supply low in the market then it could affect the organization and recruiting strategy badly.

2. Goodwill of the organization - goodwill of the organization plays an important role because it helps the organization to grown in the market. if the image of the organization is not good then it would be very difficult for the company to attract more candidates for their company.

A bad image of the organization in the market can affect the organization badly. so it is always very important to maintain goodwill in the market.